• Patent Title: Method and system of identifying a concept of a good or service for an unmet market potential
  • Application No.: US14336422
    Application Date: 2014-07-21
  • Publication No.: US09613364B2
    Publication Date: 2017-04-04
  • Inventor: James H. Riley
  • Applicant: James H. Riley
  • Main IPC: G06Q30/02
  • IPC: G06Q30/02
Method and system of identifying a concept of a good or service for an unmet market potential
Abstract:
A computing device is configured to identify a concept of a good or service for an unmet market potential. A Global User Search Data file (GUSD) comprising information related to a search object is read. A morpheme combination in the search object from the GUSD is identified. The morpheme combination is compared to a first set of pre-existing terms. A first score is assigned to the search object based on the comparison, wherein a higher first score is assigned if the morpheme combination is not found in the first set of pre-existing terms. An un-successfulness of the search object is determined and a second score is assigned, wherein a higher second score is assigned the more un-successful the search object is. An aggregate of all the scores for a search term is compared to a predetermined threshold. If the aggregate score is above the predetermined threshold, the search term is identified as a concept of a good or service for an unmet market potential.
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