17933306. SYSTEMS AND METHODS FOR IMAGE-ASSISTED IDENTIFICATION OF PROPERTY CHANGES simplified abstract (JPMORGAN CHASE BANK, N.A.)
Contents
- 1 SYSTEMS AND METHODS FOR IMAGE-ASSISTED IDENTIFICATION OF PROPERTY CHANGES
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 SYSTEMS AND METHODS FOR IMAGE-ASSISTED IDENTIFICATION OF PROPERTY CHANGES - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Original Abstract Submitted
SYSTEMS AND METHODS FOR IMAGE-ASSISTED IDENTIFICATION OF PROPERTY CHANGES
Organization Name
Inventor(s)
SYSTEMS AND METHODS FOR IMAGE-ASSISTED IDENTIFICATION OF PROPERTY CHANGES - A simplified explanation of the abstract
This abstract first appeared for US patent application 17933306 titled 'SYSTEMS AND METHODS FOR IMAGE-ASSISTED IDENTIFICATION OF PROPERTY CHANGES
Simplified Explanation
The patent application describes systems and methods for estimating returns for image-assisted identification of property changes.
- The method involves receiving an image of a property, identifying items in the image, tagging each item with a description, generating a list of descriptions for the property, receiving conditions for each item on the list, communicating the list to a backend computer program, and saving the list and descriptions.
Potential Applications
This technology could be applied in real estate for property inspections, insurance claims processing, and asset management.
Problems Solved
This technology streamlines the process of identifying and documenting property changes, reducing human error and increasing efficiency.
Benefits
The benefits of this technology include accurate and detailed documentation of property conditions, improved decision-making based on data-driven insights, and time savings in property assessment processes.
Potential Commercial Applications
Potential commercial applications of this technology include property management software, insurance claim processing tools, and real estate valuation platforms.
Possible Prior Art
One possible prior art for this technology could be image recognition software used in inventory management systems.
What are the potential limitations of this technology?
One potential limitation of this technology could be the accuracy of item identification in images, especially in complex or cluttered environments.
How does this technology compare to traditional property assessment methods?
This technology offers a more efficient and standardized approach to property assessment compared to traditional methods that rely on manual inspection and documentation.
Original Abstract Submitted
Systems and methods for determining estimated returns for image-assisted identification of property changes are disclosed. In one embodiment, a method for may include a computer program executed by mobile electronic device: (1) receiving a first image of a property captured by an image capture device at a first time; (2) identifying a plurality of first items in the first image; (3) tagging each of the plurality of first items with a first description by comparing each of the plurality of first items in the first image with a database of items and descriptions; (4) generating a list of the descriptions for the property; (5) receiving a first condition for each of the plurality of first items on the list; (6) communicating the list to a backend computer program; and (7) saving the list and descriptions.
