ANI Technologies has been granted a patent for a method of asset health management. This method involves collecting various data types related to vehicles, determining features and values, training prediction models, and ultimately generating a health index for target vehicles based on the analysis of the collected data. GlobalData’s report on ANI Technologies 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 ANI Technologies, Usage monitoring vehicle telematics was a key innovation area identified from patents. ANI Technologies's grant share as of June 2024 was 34%. Grant share is based on the ratio of number of grants to total number of patents.
Asset health management for vehicles using predictive modeling
The patent US11995616B2 outlines a comprehensive method and system for asset health management specifically tailored for transportation service providers. The method involves a server retrieving various datasets, including maintenance, booking, vehicle, and operational data, from a database associated with a fleet of vehicles. This data is analyzed over a specified time interval to determine a range of features, such as vehicle make, model, age, and operational metrics. The server then forecasts cost per unit distance values for vehicle components based on historical data and trains predictive models to generate a health index for each vehicle. This health index is crucial for assessing the condition of vehicles and making informed decisions regarding their maintenance and operational status.
Additionally, the system is designed to select appropriate outcomes for vehicles based on their health index, which may include options such as refurbishment, off-roading, onboarding, selling, or buying vehicles. The method incorporates a detailed analysis of various operational metrics, including distance traveled, maintenance schedules, and driver statistics, to enhance the accuracy of the health assessments. By leveraging historical data and predictive modeling, the system aims to optimize asset management strategies, ultimately improving the efficiency and reliability of transportation services.
To know more about GlobalData’s detailed insights on ANI Technologies, buy the report here.
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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.
