18189583. RESOURCE ALLOCATION DASHBOARD AND OPTIMIZATION GENERATOR simplified abstract (Wells Fargo Bank, N.A.)

RESOURCE ALLOCATION DASHBOARD AND OPTIMIZATION GENERATOR

Organization Name

Wells Fargo Bank, N.A.

Inventor(s)

Panayiotis Andrew Harakas of Charlotte NC (US)

RESOURCE ALLOCATION DASHBOARD AND OPTIMIZATION GENERATOR - A simplified explanation of the abstract

This abstract first appeared for US patent application 18189583 titled 'RESOURCE ALLOCATION DASHBOARD AND OPTIMIZATION GENERATOR

The patent application describes resource allocation optimization systems that consolidate data from multiple sources into a single interface and provide adjustments to optimize resources towards a goal.

• The system displays resource allocation data from various sources in a unified interface.
• It offers resource allocation adjustments to entities to enhance resource optimization.
• Entities are grouped based on rule-based or AI algorithms using entity description data.
• Resource allocation data within a group is used to adjust resources for entities in the group.
• The adjustments are tailored to meet resource optimization goals.

1. 1. 1. Potential Applications:

This technology can be applied in industries such as finance, healthcare, and manufacturing to streamline resource allocation processes and improve efficiency.

1. 1. 1. Problems Solved:

The system addresses the challenge of managing resources effectively by providing a centralized platform for resource allocation data and offering tailored adjustments for optimization.

1. 1. 1. Benefits:

- Enhanced resource allocation efficiency - Improved decision-making based on consolidated data - Streamlined processes for resource optimization

1. 1. 1. Commercial Applications:

Optimizing resource allocation in industries such as finance can lead to cost savings and improved performance, making this technology valuable for businesses seeking to enhance their operations.

1. 1. 1. Questions about Resource Allocation Optimization Systems:
         1. 1. How can resource allocation optimization systems benefit different industries?

Resource allocation optimization systems can benefit various industries by improving efficiency, decision-making, and overall performance through streamlined resource allocation processes.

1. 1. 1. 1. 2. What are the key features of resource allocation optimization systems that set them apart from traditional resource management methods?

Resource allocation optimization systems offer a centralized interface for resource data from multiple sources, group entities based on algorithms, and provide tailored adjustments for resource optimization, distinguishing them from traditional resource management approaches.

Original Abstract Submitted

Disclosed in some examples are methods, systems, devices, and machine-readable mediums for resource allocation optimization systems that provide one or more interfaces that display an entity's resource allocation data from multiple sources in a single interface. Also disclosed in some examples are resource allocation optimization systems which provide resource allocation adjustments for an entity to optimize resources toward a resource optimization goal. The resource allocation optimization system groups similar entities using rule-based or artificial intelligence algorithms acting upon entity description data (including in some examples, resource allocation data) obtained from the entity and/or from external network-based services. The resource allocation optimization system uses resource allocation data of entities within a group to provide resource allocation adjustments to entities within the group via improved user interfaces. The resource allocation adjustments are selected to meet one or more resource optimization goals.