US Patent Issued to STATE FARM MUTUAL AUTOMOBILE INSURANCE on March 4 for "Technology for building and managing data models" (Illinois Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,106, issued on March 4, was assigned to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (Bloomington, Ill.).

"Technology for building and managing data models" was invented by Weixin Wu (Bloomington, Ill.), Philip Sangpil Moon (Bloomington, Ill.) and Scott Farris (Bloomington, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques for building and managing data models are provided. According to certain aspects, systems and methods may enable a user to input parameters associated with building one or more data models, including parameters associated with sampling, binning, and other factors. The systems and methods may automatically generate p...