Veeva Systems. has filed a patent for a method that involves receiving data from various sources, converting it into a standardized format, storing it in a specialized database, and enabling real-time access for stakeholders through a graphical user interface. The system also detects changes and flags data outside expected criteria for immediate notification to stakeholders. GlobalData’s report on Veeva Systems gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Veeva Systems, Social media analytics was a key innovation area identified from patents. Veeva Systems's grant share as of January 2024 was 69%. Grant share is based on the ratio of number of grants to total number of patents.

Real-time data transformation and updating method

Source: United States Patent and Trademark Office (USPTO). Credit: Veeva Systems Inc

The patent application (Publication Number: US20240012805A1) describes a method for updating standardized data based on an automatically generated notification. The method involves receiving non-standardized data from various sources, processing it to convert it into standardized data, storing it in a database, generating queries based on specific parameters, executing these queries to identify data that does not meet certain criteria, receiving user input, and updating the standardized data based on this input and query results. Additionally, the method includes automatically generating notifications for flagged data discrepancies and transmitting them to computing devices.

Furthermore, the patent application details a system and computer program product that implement the method described above. The system includes a computer processor and memory storing a data engine that can receive, process, store, and update standardized data based on user input and query results. The system also automatically generates notifications for data discrepancies and facilitates data compatibility for use on computing devices. The computer program product, on the other hand, comprises code configured to perform the same functions as the system, including generating notifications, executing queries, and reconciling data based on user input. Additionally, the program product enables the generation of consistency reports and export definitions for the data, ensuring data integrity and compatibility within the database.

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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.