Product affinity engine and method

• US 20080270398A1
• Filed: 04/30/2007
• Published: 10/30/2008
• Est. Priority Date: 04/30/2007
• Status: Abandoned Application

• Current Assignee: Oracle OTC Subsidiary LLC (Oracle Corporation)
• Original Assignee: Oracle OTC Subsidiary LLC (Oracle Corporation)
• Inventors: Collins, Brian, Landau, Matthew J., Vigneau, Joseph
• Application Number:
  US11/796,886
• Publication Number:
  US 20080270398A1
• Time in Patent Office: Days
• US Class Current: 707/6
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]

Abstract

The present invention relates to a computerized engine and method for using the same to determine and effect product sales to customers based on customer-driven affinities relating to the products. In some embodiments, the computerized engine includes hardware and software and uses customer or transaction data or product characteristics to calculate an output relating to the affinity. In some embodiments, the computerized engine provides an output indicative of the affinity. In some embodiments, the computerized engine is coupled to a database containing the customer or transaction data or product characteristics. The system and method can also determine a reduced affinity depending on a period of time elapsed between a pair of events being related, or as a function of the age of collected affinity data.

Claims

1. A system for providing purchasing recommendations to a customer, comprising:

a customer interface for sending and receiving information to and from said customer;

a storage medium for storing data relating to said products;

a processor for processing data relating to said customer and said products;

said processor determining an affinity between at least one product and another product group wherein said product group comprises at least one other product.

2. The system of claim 1, further comprising a closed-loop arrangement of said customer interface, said storage medium, and said processor so that said recommendations may be made to the customer without real-time intervention by a marketer.

3. The system of claim 1, wherein said processor is part of an affinity engine that performs affinity-based analyses using said data relating to said products and said data relating to said customer as inputs and provides information corresponding to said purchasing recommendations as an output.

4. The system of claim 1, further comprising a rules-based analyzer for executing pre-programmed rules to determine said purchasing recommendations.

5. The system of claim 1, further comprising a statistical analyzer for analyzing data stored within said storage medium.

6. The system of claim 1, further comprising a data structure stored within said storage medium, said data structure containing a product tree describing attributes of said products and product groups.

7. The system of claim 1, further comprising a comparator for comparing a calculated affinity with a reference affinity of a reference pair of products.

8. The system of claim 1, further comprising a configuration module for configuring an aspect of the operation of the system and subsequently affecting the purchase recommendations of the system.

9. The system of claim 1, further comprising a report generator that generates a report relating to a performance measure of said system.

10. The system of claim 1, further comprising a search module permitting the customer to search for product information stored in said storage medium.

11. A method for providing purchase recommendations to a customer, comprising:

receiving information from said customer through a customer interface;

determining a first affinity score corresponding to said received information and information stored on a storage medium containing product data;

determining whether to make a purchase recommendation to the customer based on the first affinity score;

if said affinity score does not meet a preset threshold condition, determining a second affinity score corresponding to said received information and information stored on the storage medium.

12. The method of claim 11, further comprising comparing any of said first and second affinity scores to a reference affinity score representing an affinity of a reference pair.

13. The method of claim 11, further comprising providing an output to said customer representative of a purchase recommendation for a product.

14. The method of claim 11, further comprising segmenting a plurality of products available for purchase into a plurality of product segments, each of which contains at least one product from the plurality of products available for purchase.

15. The method of claim 11, said steps of determining an affinity score comprising executing instruction corresponding to a rule from a pre-programmed set of rules.

16. The method of claim 11, said steps of determining an affinity score comprising executing instructions corresponding to a statistical analysis of data stored on said storage medium.

17. The method of claim 11, further comprising ordering a plurality of purchase recommendations in an order determined by one of said affinity scoring steps.

18. The method of claim 11, said first affinity scoring step comprising a product-to-product affinity calculation and said second affinity scoring step comprises at least a segment as part of a pairing for which said second affinity scoring step is determined.

19. The method of claim 11, said first affinity scoring comprising scoring on the basis of price affinity.

20. The method of claim 11, said first affinity scoring comprising scoring on the basis of a brand of a product offered for purchase.

21. The method of claim 11, further comprising configuring an aspect of the affinity scoring steps.

22. The method of claim 11, further comprising generating a report relating to a performance measure of an affinity-based commerce system.

23. The method of claim 11, said first affinity score being calculated at least based on a customer segment affinity.

24. The method of claim 11, said first affinity score being calculated at least based on a temporal time spread between an occurrence of a first event and an occurrence of a second event.

25. The method of claim 24, further comprising adjusting said first affinity score based on said temporal time spread.

26. The method of claim 25, further comprising calculating a decay factor by which said first affinity score is adjusted, said first affinity score being reduced as said temporal time spread increases.

27. The method of claim 11, said first affinity score being calculated at least based on an age of said stored information.

28. The method of claim 27, further comprising adjusting said first affinity score based on said age of said stored information.

29. The method of claim 28, further comprising calculating a decay factor by which said first affinity score is adjusted, said first affinity score being reduced as said age of said stored information increases.

30. A computer-readable medium accessible to an online retailing system, comprising:

computer-readable instructions enabling the receipt of customer information from a customer information interface;

computer-readable instructions enabling the access of stored product information;

computer-readable instructions enabling an affinity processor to take said customer information and said stored product information and determine an output corresponding to an affinity relating to one or more of said stored product information; and

computer-readable instructions enabling said online retailing system to make a purchase recommendation to said customer.

31. The computer-readable medium of claim 30, further comprising computer-readable instructions enabling computation of a decay function describing a reduction in said affinity as a function of a length of time elapsed between a first and second event relating to said stored product information.