Resource allocation
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United States of America Patent
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Mar 2, 2021
Grant Date -
Jun 29, 2017
app pub date -
Dec 23, 2016
filing date -
Dec 23, 2015
priority date (Note) -
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Abstract
Embodiments of the disclosure provide a system and method of allocating a resource based on myriad input data. In some embodiments, the myriad input data include membership information, claims data, transactional data, etc. The myriad input data are sorted and organized in a meaningful association relationship before applied to a resource allocation modeling algorithm. The resource allocation modeling algorithm provides estimated resource necessary for the application chosen. For example, an insurance company may use membership information, claims data, transactional data, etc., to estimate how much reserves or funds it should hold to cover future claims within a certain timeframe.
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