Lytx has patented a system for location risk determination and ranking based on vehicle events and accident data. The system uses incident groups, traffic estimations, and merges compatible hotspots to determine a ranking. The technology aims to improve safety and efficiency in transportation. GlobalData’s report on Lytx gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
According to GlobalData’s company profile on Lytx, Usage monitoring vehicle telematics was a key innovation area identified from patents. Lytx's grant share as of February 2024 was 74%. Grant share is based on the ratio of number of grants to total number of patents.
System for determining and ranking location-based risk factors
The granted patent (Publication Number: US11928962B2) describes a system that includes an interface for receiving accident data or event data and a processor that determines incident groups based on location proximity, traffic estimations, and rankings. The processor merges compatible incident groups by identifying initial hotspots and similar overlapping hotspots along a road, assigning incident group scores based on accident data or event data, and traffic estimations. The ranking is determined by considering accident weightings, event weightings, and traffic flow, providing a display set of incident groups for visualization.
Furthermore, the system can process accident data collected by government or non-governmental organizations, including metadata tags like object type, road type, weather, geography, region, or time tags. It can also handle event data from vehicle event recorders, such as crash data, driver behavior data, maneuver data, or vehicle sensor data. The incident groups are formed based on clustering algorithms, and the incident group score includes factors like injury, fatality, or severity. The system can determine rankings associated with regions and conditions, omit low-ranking incident groups, and merge rankings to establish a final ranking. Additionally, traffic estimations are derived from traffic count data collected by various organizations or computed through traffic flow calculations. The system can also be implemented as a method for risk ranking or a computer program product embodied in a non-transitory computer-readable storage medium, providing instructions for processing accident data, determining incident groups, traffic estimations, and rankings based on accident data, event data, and traffic estimations.
To know more about GlobalData’s detailed insights on Lytx, buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
