Nationwide Mutual Insurance has patented a system for real-time collaborative decision support. The system allows for multiple connections between client and coach devices, enabling transformation of data formats and access to previous workspaces. This innovation enhances communication and decision-making processes in real-time. GlobalData’s report on Nationwide Mutual Insurance gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Nationwide Mutual Insurance, Digital lending was a key innovation area identified from patents. Nationwide Mutual Insurance's grant share as of May 2024 was 65%. Grant share is based on the ratio of number of grants to total number of patents.
Real-time collaborative decision support system
The granted patent (Publication Number: US11978121B1) discloses a method implemented at a server system for creating digital workspaces and facilitating connections between client devices and coach devices. The method involves receiving connection requests, establishing connections, populating user interfaces, transforming data formats, and accessing previous digital workspaces. The system allows for multiple coach devices to interact with client devices, update digital workspaces based on user data and coach interactions, and navigate between different user interfaces seamlessly.
Furthermore, the method includes features such as updating digital workspaces based on user data and coach interactions, receiving workspace actions, and automatically updating user interfaces accordingly. The system also enables the saving of user and coach data, transmitting session termination notifications, and handling financial data calculations and projections. Additionally, the method involves establishing connections with multiple client devices, broadcasting availability to coach devices, and updating user interfaces with elements specific to each digital workspace. Overall, the patent outlines a comprehensive system for managing digital workspaces, facilitating interactions between clients and coaches, and ensuring seamless data transformation and user interface updates based on user and coach interactions.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
