- Patent Title: Technologies for using machine learning to assess contract pricing
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Application No.: US17984649Application Date: 2022-11-10
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Publication No.: US11783270B2Publication Date: 2023-10-10
- Inventor: Vaibhav Srivastava , Rukmananda Suresh Mallya Perdur , Sukesh Shekar , Jeff Hart
- Applicant: MCKINSEY & COMPANY, INC.
- Applicant Address: US NY New York
- Assignee: MCKINSEY & COMPANY, INC.
- Current Assignee: MCKINSEY & COMPANY, INC.
- Current Assignee Address: US NY New York
- Agency: MARSHALL, GERSTEIN & BORUN LLP
- Agent Randall G. Rueth
- Main IPC: G06Q10/08
- IPC: G06Q10/08 ; G06Q30/0201 ; G06Q10/0631

Abstract:
Systems and methods for using machine learning to dynamically assess contract parameters are disclosed. According to certain aspects, an electronic device may train a machine learning model using real-world pricing and contract data, access parameters associated with a potential contract for an entity, and analyzing, using the machine learning model, the accessed parameters. Based on the analysis, the machine learning model may output a set of potential terms for the potential contract. Data indicative of this output may be availed to the entity to be used in negotiating and executing the contract, among other uses.
Public/Granted literature
- US20230142754A1 Technologies for Using Machine Learning to Assess Contract Pricing Public/Granted day:2023-05-11
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