CME Group has developed a system for data object compression and reduction, optimizing adjustments to data objects from multiple sources to maximize reduction of data set aggregate and data link composite magnitudes. The system stores data indicative of adjustments, reducing the total number of data objects without information loss. GlobalData’s report on CME Group 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 CME Group, was a key innovation area identified from patents. CME Group's grant share as of February 2024 was 49%. Grant share is based on the ratio of number of grants to total number of patents.
Data object compression and reduction system
A recently granted patent (Publication Number: US11922412B2) discloses a system for data object compression and reduction. The system involves a processor, memory, and various logic components that work together to optimize adjustments to a set of data objects obtained from multiple data sources. These data objects represent currency exchange transactions and include information such as data object type, size, polarity, and identification data. By implementing an optimization procedure based on optimization constraint data provided by each data source, the system aims to reduce the total number of data objects in the set without losing essential information. This reduction is achieved by adjusting multiple data objects of the same type and opposite polarity, ultimately leading to data compression.
Furthermore, the system includes features such as a linear optimizer, tolerance data for limiting adjustments, and optimization weighting data based on preferences specified by data sources. The optimization procedure considers factors like data set aggregate magnitude and data link composite magnitude to determine the optimal set of adjustments. Additionally, the system can nullify data objects, add new data objects, and incorporate configuration data to enhance the compression process. By storing data indicative of the optimal adjustments, the system effectively compresses the set of data objects while maintaining the integrity of the currency exchange transaction information. Overall, this patented system offers a comprehensive approach to data compression and reduction in the context of currency exchange transactions, utilizing advanced algorithms and optimization techniques to streamline data processing and storage efficiently.
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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.
