18616164. DATA VALIDATION AND ASSESSMENT VALUATION simplified abstract (TRETE Inc.)
Contents
DATA VALIDATION AND ASSESSMENT VALUATION
Organization Name
Inventor(s)
Damien Patton of Plano TX (US)
DATA VALIDATION AND ASSESSMENT VALUATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 18616164 titled 'DATA VALIDATION AND ASSESSMENT VALUATION
Simplified Explanation: The patent application describes a computer-implemented method for collecting, validating, and selecting data associated with an asset to calculate a broker opinion of value (BOV).
Key Features and Innovation:
- Collecting data associated with an asset
- Validating and selecting data based on relevance and accuracy
- Calculating a broker opinion of value (BOV) based on the selected data
Potential Applications: This technology can be applied in real estate, financial services, insurance, and other industries where asset valuation is crucial.
Problems Solved: This technology addresses the challenges of accurately valuing assets by automating the data collection and validation process.
Benefits:
- Improved accuracy in asset valuation
- Time-saving automation of data collection
- Enhanced decision-making based on reliable data
Commercial Applications: The technology can be used by real estate agents, financial analysts, insurance companies, and other professionals involved in asset valuation to streamline their processes and improve the accuracy of their assessments.
Prior Art: Readers can start their search for prior art related to this technology by exploring patents in the field of computer-implemented methods for asset valuation.
Frequently Updated Research: Stay informed about the latest developments in computer-implemented methods for asset valuation by following research publications and industry updates.
Questions about Asset Valuation Technology: 1. How does this technology improve the accuracy of asset valuation?
- This technology enhances accuracy by collecting and validating relevant data to calculate a broker opinion of value (BOV).
2. What industries can benefit from the implementation of this technology?
- Industries such as real estate, financial services, and insurance can benefit from the automation and accuracy of asset valuation provided by this technology.
Original Abstract Submitted
In certain aspects of the disclosure, a computer-implemented method includes collecting data associated with an asset. The method includes validating and selecting the collected data based on relevance and/or accuracy of the data. The method includes calculating a broker opinion of value (BOV) of the asset based on the selected data.
