Researchers Submit Patent Application, “Digital Cross-Network Platform, And Method Thereof”, for Approval (USPTO 20210390465): Swiss Reinsurance Company Ltd.
2022 JAN 04 (NewsRx) -- By a
The patent’s assignee is
News editors obtained the following quote from the background information supplied by the inventors: “The research, development and enterprise world is changing faster than ever. To compete, it is now necessary to develop and exchange technology and data, do transactions and business at an almost unprecedented size and scale and reaction time-frame, in particular collaborating and cross-networking with units and people distributed almost over the whole globe. In order to achieve this scale, there is a huge demand for new better suited technology to establishing and develop digital platforms that extend the organizational boundaries and technical limitation of market participants. In fact, in the recent years, digital platform technology is emerging as one of the most powerful technical manifestations of the digital revolution, which is also referred to as the “fourth industrial revolution” or in short industry 4.0. Thanks to rapid advances in cloud, mobile and analytics, and the falling cost of these new technologies, digital platforms are able to create the next step of growth and breakthrough technology for innovation. Digital platforms allow to bring together vast development, research and collaboration communities of customers, partners, developers and engineers. Digital platform technology allows them to create cross-network innovation and developments, in particular program developments at an enormous scale and efficiency. Further, this technology allows to enable new levels of cross-network collaboration between companies from different technology fields and industry sectors that can result in the conception of entirely new technologies, products and services.
“The impact and importance of the fast developments in digital platform technology, IoT and cloud-based technologies can hardly be overestimated and may be demonstrated by looking at the changing theories on International Business (IB). Typically, international business have been based on assumptions of tangible flows of goods and services, restricted access to open resources, monetized transactions across national borders, and large organizations that compete in an environment full of physical barriers. For instance, it was assumed that IB built largely on transaction cost economics, has served as the theoretical foundation for much of the extant research on IB and has informed on a number of key issues relating to multinational enterprises (MNEs) including their location choice, entry mode, knowledge transfer, and organizational design. However, the emergence of digital technologies and adaptive business structures have begun to reshape the nature and structure of the global economy. Global business operations are increasingly characterized by intangible flows of data and information, greater availability of key open resources including technologies, heightened importance of digital infrastructure, instant worldwide access to knowledge and expertise, more exchanges of free content and services, and growing role of small enterprises in economic activity and technology development. These changes make it necessary to reassess long held assumptions about the global business environment and demonstrate the deep impact of these emerging digital technologies. In particular, the technical advancements in new developed digital platform technologies brought a shift from individual products or services to secured platforms as technological basis for offering value and an emergence of associated ecosystems as a major venue for innovation, technology development, value creation and delivery. This had major implications for R&D and IB. Digital platforms constitute a shared set of technologies, components, services, architecture, and relationships that serve as a technical foundation for diverse sets of actors to converge and create value.
“Platform-based ecosystems then denote these sets of actors who are aligned to pursue propositions by exhibiting varying types of mutual dependencies and boundary conditions borne out of their co-specialization and complementarities in the technical platform context. This, in turn, also implies different roles for actors to play in the ecosystem (for example for risk-transfer: risk-exposed units, carriers, brokers), wherein the interdependencies technically needs to be standardized within each role and e.g. the consequent need for different types of skills, capabilities and strategies. Digital platforms and ecosystems (DPEs) technologies can also be used to transcend borders, locations, and industries. Collaborative interactions among ecosystem members reflect and reinforce these members’ co-specialization in different economic activities that are often situated in different countries and managed by a central player (the platform provider). Such digital platforms are sometimes also referred as “global (virtual) factory” to characterize a business network in which an MNE may be a member in specifically added areas. Digital platforms enable cross-border as well as cross-sector collaboration opportunities with partners operating in varying industries, significantly extending an MNE’s nexus of network. These DPEs foster the availability and usage of open resources for all sizes of businesses, embracing many micro-MNEs that participate in global competition.
“The increasing significance of digital platforms and associated ecosystems is based and driven by the emergence of new digital infrastructures (e.g., Internet of Things, cloud computing, blockchain, big data analytics) and the infusion of digital technologies in products, services and processes. The availability of ubiquitous digital infrastructures that underlie digital platforms has radically restructured the nature, ways, processes, structure as well as the cost of doing businesses internationally. Thus, there is a huge demand for appropriate technology for digital platforms allowing a controlled and structured cross-network interaction between the participants of the virtual ecosystem.
“For ecosystems build to allow controlled developing of international business programs for risk-transfer, i.e. between carrier, risk-exposed units and brokers, such digital platforms technically rely on or involve build-in risk assessments or measuring structures. However, the machine-based prediction or forecast of occurrence probabilities for events causing impacts, i.e. occurring risks, is technically difficult to be realized because of their long-tail nature and their susceptibility to measuring and parametrizing quantitative impact factors and to capturing temporal time developments and parameter fluctuations. Automation of prediction and modeling of catastrophes and risk accumulation is especially challenging as there is limited historic loss data available, and new risk events with new characteristics keep emerging. In addition to finding, triggering and/or mitigating valuable loss and exposure data where existing, it can also be important to reduce the reliance on historic data by using novel modelling techniques going beyond traditional data analysis and predictive modeling approaches and techniques by monitoring a controllable cause-effect chain. Risk driven systems have been developed and used triggered and signaled by automated forecast systems. Such systems are able to predictively and quantitatively generate expected occurrence probability of physical events and their impact such as losses to physical assets and objects typically starting from a set of modelling scenarios, which heavily depend in their timely development on the modelling technique. So there is a further requirement, to provide a new technical system to overcome these problems in International Business program development of risk-transfers.
“Finally, existing platform solutions typically group users together, in essence, assuming a common relationship between all members of the group. Such a relationship may not exist. In fact, grouping users together and treating them all as if they were the same is the type of behavior which should for most application be avoided, because such grouping neglects the various needs of the individual users. Unfortunately, neither of the existing digital platform solutions address these needs and the concerns of complex ecosystems.
“Thus, in summary, there is a need for a distributed, cross-platform, dynamic, Internet-based, relationship-centric, collaboration environment for facilitating collaboration work across geographic, physical and virtual boundaries.”
As a supplement to the background information on this patent application, NewsRx correspondents also obtained the inventors’ summary information for this patent application: “It is an object of the invention to provide a digital cross-network system and platform for controlled data- and process-driven cross-network data-access, multi-user interaction and program/project development, in particular for development of programs associated with international business (IB). Further the automated platform should allow for systematic capturing, measuring, quantifying, and forward-looking generating of appropriate risk and risk accumulation measures for program developments and projects capturing physical real-world assets and objects based on physical risk measuring parameter values and data. Further, the system should be able to connect directly to the core flow of data of the present digital society comprising Internet of Things and industry 4.0 technologies, by providing a new technology for automated digital international program development, risk assessment and forecasting platforms. It is a further object to provide a digital platform as a technology-enabled cross-network structure that facilitates structured or hierarchical exchanges on various levels, as data, executables, requests, instructions, or all kind of electronic signal exchange, between two or more interdependent groups or individuals. The digital platform should allow to bring together different classes/groups of users, as carriers and brokers, program and project engineers, providers and producers to transact and interact smoothly with each other. It should also enable users or companies to share data/information to enhance collaboration, development and innovation of new programs, products and services in IB. The platform’s ecosystem should allow to connect two or more sides, creating network effects. The digital platform may also be realized to allow third parties’ provision of application programming interfaces (APIs) that enable participants to share data to create new services. Based on cloud and other technologies, the digital platform should allow to provide cross-network programs, projects or resources on an as-a-service basis. The platform should allow to operate under clear governance conditions that protect program developments, technology secrets, intellectual property and data ownership. Further, the invention should be scalable, and used simulation technics should be easily accessible to the physical assets’ analytics. The invention should in particular allow for a standardization and normalization of the used data and measuring parameters/factors, as used risk factors and measuring values of an automated risk-transfer underwriting process. Further, the invention should be easily integratable in other processes, productions chains or risk assessment and measuring systems. Finally, the invention should be enabled to standardized cross-network use of data and measuring parameters from multiple heterogeneous data sources, inter alia from IoT sensory. The probability measures and risk forecasts should allow to capture various device and environmental structures, providing a precise and reproducible measuring of risk factors, and allowing to optimize associated event occurrence impacts of the captured risk events, in particular for standardized cross-network underwriting and risk-transfer pricing. In the context of automated risk-transfer, and appropriate risk-transfer and structure developments, the invention should provide a digital platform for international programs development as a digital service. In particular, it should allow controlled access to local users/partners for specific policy issuance and claims handling. The platform should provide the technical structure to shift capital across geographies and manage local claims payments. The digital platform should allow automated, electronic and cross-network policy issuance, information management and controlled knowledge exchange. The digital platform’s policy framework should be able to deliver broad coverage and high degree of contract certainty, and access-controlled network knowledge development and cross-network guidance, in particular real-time guidance and feedback signaling, on execution of International Programs.
“According to the present invention, these objects are achieved particularly through the features of the independent claims. In addition, further advantageous embodiments follow from the dependent claims and the description.
“According to the present invention, the abovementioned objects are particularly achieved by the digital cross-network platform for providing controlled data- and process-driven cross-network interaction and program development between heterogeneous units with web-enabled devices on a secured cloud-based network, each unit having a unit or user account in the digital cross-network platform with assigned authentication and authorization credentials for authentication and authorization controlled network access to the digital cross-network platform and the secured cloud-based network and, each unit having an assigned relationship with one or more other units comprised in a persistent storage of the digital networking platform, each assigned relationship providing a defined relationship between the one or more other units or a subgroup of the one or more other units and an associated program, the digital cross-network platform comprising a database for hosting all communication between units on the secure network; and a network-interface for users of the units using data-transmission network-enabled devices of the units to upload information to the persistent storage and to share the uploaded information with other people according to the assigned relationship, wherein the assigned relationship must be established between the pair of users prior to any communication between the pair of user units is permitted based on modular digital program data elements of the persistent storage capturing the assigned relationship in respect to a program associated with a modular digital program data element, and wherein a secured cloud-based network access is provided by a secure data transmission network interface of the digital cross-network platform over the data transmission network for each generated program and units based on the associated modular digital program data element and relationship, respectively.
“The invention has inter alia the advantages that the invention allows to link a large number of data exchanges amongst different groups and subgroups of digital platform users and/or units, as e.g. carriers, brokers and customers, in particular with or without relation to relation mutual constraints. Thereby, the invention allows to provide a common source of data, which was not possible in this context by the prior art systems. Further, it allows to evade the dduplication of efforts between users of the same group or subgroup but also between users of different groups/subgroups. Also, in a background of multiple regulatory regimes’ parameter constraints, various languages, and/or multiple currencies requirements for financial parameter exchange and accounting, the invention allows to develop and provide one common product description and/or coverage description and/or process definition. The invention further allows by means of the proposed digital cross-network platform to overcome the prior art problems regarding cross-network collaboration and lack of standardization driving complexity and leading to process frictions in policy issuance, cash movement, risk engineering services and automated claim handling, i.e. the acknowledged technical problems and process frictions of prior art systems regarding dynamic cross-network collaboration and dynamic real-time interaction and the technical problems of standardized automated handling of multi-users and multi-groups development and collaboration process under a huge amount of divergent external and inherent constraint parameters. Thus the innovative technology is able to fundamentally address the technical issue of high friction in dynamic information flow and improve quality experience for the users, as e.g. customer, carrier and broker, in the dynamic program development process from its beginning to the claim handling. Further, the invention has the advantage to provide a cloud-based digital platform for IPaaS, i.e. International Programs as a Service (IPaaS) and multi-user real-time cross-network IB (International Business) and international technical collaboration program/project development.”
There is additional summary information. Please visit full patent to read further.”
The claims supplied by the inventors are:
“1. A digital cross-network platform for providing controlled data- and process-driven cross-network interaction and program development between heterogeneous units with network-enabled devices on a secured cloud-based network, each unit having a unit or user account in the digital cross-network platform with assigned authentication and authorization credentials for authentication and authorization controlled network access to the digital cross-network platform and the secured cloud-based network, and each unit having an assigned relationship with one or more other units stored in a persistent storage of the digital networking platform, each assigned relationship providing a defined relationship between the one or more other units or a subgroup of the one or more other units and an associated program, the digital cross-network platform comprising: a database to host all communication between the units on the secure network; and a network-interface configured to receive uploaded information from users of the units using the network-enabled devices, the uploaded information being uploaded to the persistent storage, and to share the uploaded information data with other users according to the assigned relationship, wherein the assigned relationship is established between a pair of users prior to any communication between the pair of user is permitted based on modular digital program data elements of the persistent storage capturing the assigned relationship in respect to a program associated with a modular digital program data element, and wherein a secured cloud-based network access is provided by a secure data transmission network interface of the digital cross-network platform over the data transmission network for each generated program and units based on the associated modular digital program data element and relationship, respectively.
“2. The digital cross-network platform according to claim 1, wherein each assigned relationship is hierarchical defining at least two subgroups with a first subgroup comprising a plurality of carrier devices defined by modular carrier data element and a second subgroup comprising a plurality of broker devices defined by modular broker data elements.
“3. The digital cross-network platform according to claim 2, wherein the secured cloud-based network access provided by the secure data transmission network interface to a specific program is different for the first subgroup of the carrier devices and the second subgroup of the broker devices.
“4. The digital cross-network platform according to claim 1, wherein the network-interface and the data transmission network interface are web-interfaces and the network-enabled devices are web-enabled devices, the digital cross-network platform further comprising selectable productivity tools to interface with the programs, the productivity tools being accessible from a web interface and comprising at least a task manager module and a collaboration module and a document management module.
“5. The digital cross-network platform according to claim 1, further comprising a quote server interface to interact periodically with a quote module, to retrieve financial information from the quote module, and to store the retrieved financial information in the persistent storage associated with a program.
“6. The digital cross-network platform according to claim 5, further comprising an account module to display monetary information data, the financial information comprising financial account information relative to the unit or user accounts, and a cost basis, and evaluation data related to the financial account information, the evaluation data being generated from the financial account information using retrieved risk exposure characteristics data associated with a specific program.
“7. The digital cross-network platform according to claim 1, wherein the persistent storage is used in an international cross-network collaboration holding more than programs, the persistent storage providing a secure collaborative environment within a program corporation over the data transmission network.
“8. The digital cross-network platform according to claim 1, wherein the authentication and authorization credentials comprise at least a username and a password in a secured database.
“9. The digital cross-network platform according to claim 1, wherein the assigned relationship is established between the pair of units involving a rule-based structure being based at least partially on account information held in the unit or user account.
“10. The digital cross-network platform according to claim 1, wherein the assigned relationship is established between the pair of units by a machine-learning based connector providing possible linkage between pairs of units automatically assigned or selectable by at least one of the units involved in the linkage for establishing the assigned relationship.
“11. The digital cross-network platform according to claim 10, wherein, in a learning process of the machine-learning based connector, learning cycles of a machine-learning based intelligence of the machine-learning based connector are based on data sets of stored historical programs associated with the modular digital program data element as input learning parameter values to the machine-learning based intelligence.
“12. The digital cross-network platform according to claim 11, wherein the machine-learning based intelligence of the machine-learning based connector is based on reinforcement learning or unsupervised learning or supervised learning comprising an automated feedback loop to at least one unit.
“13. The digital cross-network platform according to claim 11, wherein the machine-learning based intelligence of the machine-learning based connector comprises at least a data mining process for extracting relationship related patterns from the data sets of the stored historical programs based on the modular digital program data element.
“14. The digital cross-network platform according to claim 13, wherein a cluster analysis structure is automatically provided by the data mining process of the machine-learning based intelligence of the machine-learning based connector.
“15. The digital cross-network platform according to claim 14, wherein the cluster analysis structure is provided by a Kmeans- or Iterative Self-Organizing Data Analysis Technique (ISODATA) or hierarchical structure using the modular digital program data element as input learning parameter values to the machine-learning based intelligence.
“16. The digital cross-network platform according to claim 13, wherein a classification structure is automatically provided by the data mining process of the machine-learning based intelligence of the machine-learning based connector.
“17. The digital cross-network platform according to claim 16, wherein the classification structure is provided by a Classification and Regression Trees (CART) or K-Nearest Neighbors (KNN) or neural network or a Support Vector Machine (SVM) structure using the modular digital program data element as input learning parameter values to the machine-learning based intelligence.”
For additional information on this patent application, see: Taha, Philipp; WERDER, Marc. Digital Cross-Network Platform, And Method Thereof. Filed
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