Cognizant Technology Solutions has patented a method involving receiving and modifying data from head end systems to create unified formatted files, transforming them to data management format, and utilizing the data for billing utility customers. The patent aims to streamline data processing for efficient billing processes. GlobalData’s report on Cognizant Technology Solutions gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Cognizant Technology Solutions, Neural network-based robotics was a key innovation area identified from patents. Cognizant Technology Solutions's grant share as of February 2024 was 64%. Grant share is based on the ratio of number of grants to total number of patents.

Data management system for utility billing based on status events

Source: United States Patent and Trademark Office (USPTO). Credit: Cognizant Technology Solutions Corp

A recently granted patent (Publication Number: US11913811B2) discloses a method and system for managing utility usage data efficiently. The method involves receiving raw files from head end systems, modifying and transforming the data into a unified format, storing and converting usage data, and ultimately billing utility customers based on this information. The system includes a meter database and computer processors to execute these operations seamlessly. Additional features include validating usage data against customer account information, detecting invalid reads, and interpolating missing data based on specific events like meter removals or move-outs.

Furthermore, the patent covers a non-transitory computer-readable medium containing program code for performing the described operations. This medium enables the central computer system to receive, modify, transform, store, and bill utility customers based on usage data efficiently. The operations outlined in the patent aim to streamline the process of managing utility data, ensuring accuracy and reliability in billing customers. By validating data, detecting anomalies, and framing reports, the system provides a comprehensive solution for utility companies to handle their end customers' billing effectively. Overall, the patent presents a robust method and system for managing utility usage data, enhancing operational efficiency and customer satisfaction in the utility sector.

To know more about GlobalData’s detailed insights on Cognizant Technology Solutions, 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.