Berkshire Hathaway has developed a system for railroad directive management that utilizes data related to track segments, vehicle events, and environmental factors to modify directives. The system integrates with existing infrastructure, tracks vehicle paths, and generates alerts for directive modifications to optimize asset throughput on railroad tracks. GlobalData’s report on Berkshire Hathaway 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 Berkshire Hathaway, was a key innovation area identified from patents. Berkshire Hathaway's grant share as of May 2024 was 64%. Grant share is based on the ratio of number of grants to total number of patents.
System for modifying railroad directives based on track and asset data
A recently granted patent (Publication Number: US11999397B2) discloses a system and method for modifying railroad directives to enhance asset throughput on railroad tracks. The system includes a memory with a database containing data related to tracks and assets, and a processor that executes machine-readable instructions. The program steps involve receiving directive and track data, identifying track segments, associating directives with segments, determining asset paths, analyzing environmental data, and evaluating event criteria. The system then modifies directives based on environmental conditions and event thresholds to maximize asset throughput on specific track segments. The system can adjust restrictions, speeds, terminate directives, or include additional instructions to optimize operations.
Furthermore, the patent details the method of modifying railroad directives, which involves receiving encrypted directive and track data, associating directives with track segments, analyzing environmental data like temperature, and evaluating event criteria. The method aims to enhance asset throughput by modifying directives based on environmental thresholds and event counts. By adjusting restrictions, speeds, or including maintenance instructions, the method ensures efficient operations on railroad tracks. Additionally, the method includes generating alerts and transmitting them to the railroad system to keep stakeholders informed about any modifications made to directives. Overall, the system and method outlined in the patent offer a comprehensive approach to optimizing railroad operations by dynamically adjusting directives based on real-time data and event thresholds.
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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.
