Invention Grant
- Patent Title: API pricing based on relative value of API for its consumers
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Application No.: US16442034Application Date: 2019-06-14
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Publication No.: US10832269B2Publication Date: 2020-11-10
- Inventor: Harish Bharti , Amol Dhondse , Abhay Patra , Anand Pikle , Rajesh Kumar Saxena
- Applicant: International Business Machines Corporation
- Applicant Address: US NY Armonk
- Assignee: International Business Machines Corporation
- Current Assignee: International Business Machines Corporation
- Current Assignee Address: US NY Armonk
- Agency: Winstead PC
- Agent Robert A. Voigt, Jr.
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06F9/54 ; G06N20/00

Abstract:
A method, system and computer program product for determining API pricing. Consumption parameters are identified using a supervised learning model. The API consumption parameters refer to any parameters that can be used to describe an API (functionality or otherwise) and can be used to compare other comparable APIs in similar domains provided by other providers. Furthermore, reference pricing is determined using machine learning using the identified API consumption parameters. Additionally, the API price is determined dynamically using the identified API consumption parameters and the determined reference pricing. An API pricing score is then derived for the API price using the supervised learning model. The API price is selected as the suggested price for the API in response to the API pricing score exceeding a threshold value. In this manner, an API price is established that reflects the true value of the API assessed by the API consumer.
Public/Granted literature
- US20190295113A1 API PRICING BASED ON RELATIVE VALUE OF API FOR ITS CONSUMERS Public/Granted day:2019-09-26
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