Grab has been granted a patent for a method and apparatus that processes transport service transactions. The technology involves determining and clustering transport service locations associated with a point of interest, ultimately identifying candidate locations for future transactions. GlobalData’s report on Grab 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 Grab, was a key innovation area identified from patents. Grab's grant share as of July 2024 was 11%. Grant share is based on the ratio of number of grants to total number of patents.
Transport service transaction processing and location clustering method
The patent US12067507B2 outlines a method and apparatus for processing multiple transport service transactions, focusing on determining transport service locations at points of interest. The method involves identifying locations for various transport activities, such as pickups, drop-offs, or deliveries, based on data sources including GPS, application interactions, images, videos, and telematics. Additionally, the method incorporates human feedback to refine candidate transport service locations and employs clustering techniques to dynamically adjust parameters like neighborhood radius and point density distribution. This approach aims to enhance the accuracy and efficiency of transport service operations.
The apparatus described in the patent includes a processor and memory, which work together to execute the method. It is designed to cluster transport service locations and provide candidate locations for upcoming transactions. The processor can also adapt clustering parameters based on real-time data and feedback, ensuring that the system remains responsive to changing conditions. Furthermore, the apparatus can update candidate locations based on new transport service transactions, thereby continuously improving the service's effectiveness. The patent emphasizes the integration of various data types and user interactions to optimize transport service management.
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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.
