Method and system for managing business calculations using multi-dimensional data

• US 20110161958A1
• Filed: 01/03/2005
• Published: 06/30/2011
• Est. Priority Date: 01/03/2005
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Conte, Donald, Xu, Hanping, Machlis, Michael
• Application Number:
  US11/028,384
• Publication Number:
  US 20110161958A1
• Time in Patent Office: Days
• US Class Current: 718/100
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 10/10 Office automation; Time management

Abstract

A method and system for managing and executing business formulas using a single platform includes a storage function for storing a plurality of business formulas in a single repository, where each business formula is defined using multi-dimensional data. The multi-dimensional data is accessible by employee-users of the business through a server communicatively connected to the repository. The employee-user may alter the multi-dimensional data of a business formula to incorporate modifications, as well as to create new business formulas. The server functions to execute business formulas contained within the repository. By allowing employee-users to modify existing business formulas and to input new business formulas directly into the system without requiring a programmer to write new software code, the efficiency of executing business formulas and implementing modifications is increased.

Claims

1. A method for managing and executing a business formula on a computer of a network of multiple computers, the method comprising the steps of:

storing multi-dimensional data in a computer-readable memory,

wherein the multi-dimensional data includes a plurality of tasks, a plurality of formula nodes, and a plurality of processing instructions,

wherein each task is comprised of a business formula defined by a set of formula nodes from the plurality of formula nodes, and a set of processing instructions from the plurality of processing instructions,

wherein each formula node is comprised of at least one data item, and

wherein a data item is associated with at least one attribute defining a content of that data item;

receiving a selection identifying a selected task for processing from the plurality of tasks;

receiving inputted data related to the selected task, wherein the inputted data is comprised of data for modifying the selected task;

receiving parameter data related to the selected task;

processing the selected task utilizing the inputted data and the parameter data in accordance with a set of processing instructions associated with the selected task; and

modifying the selected task using the inputted data while processing the selected task.

2. The method of claim 1, wherein the multi-dimensional data is meta-data.

4. The method of claim 1, wherein modifying the selected task includes modifying the business formula using the inputted data.

5. The method of claim 1, further comprising the steps of:

initializing a user session to process a task;

retrieving the plurality of tasks stored in the computer-readable memory; and

outputting the plurality of tasks through an interface.

6. The method of claim 5, wherein the initialization step includes refreshing the multi-dimensional data stored in the computer-readable memory.

7. The method of claim 1, further comprising the steps of:

retrieving a first set of multi-dimensional data from the computer-readable memory, wherein the first set of multi-dimensional data corresponds to the selected task;

retrieving a second set of multi-dimensional data from the computer-readable memory, wherein the second set of multi-dimensional data corresponds to a set of formula nodes associated with the selected task; and

outputting the first set of multi-dimensional data and the second set of multi-dimensional data through an interface.

8. The method of claim 7, further comprising the step of setting a status associated with the selected task.

9. The method of claim 8, further comprising the step of updating the status associated with the selected task during the processing step of the selected task.

10. The method of claim 8, further comprising the step of outputting the status associated with the selected task.

11. The method of claim 7, further comprising the steps of:

receiving modifications to the first set of multi-dimensional data associated with the selected task; and

reconfiguring the first set of multi-dimensional data according to the received modifications.

12. The method of claim 11, wherein the step of reconfiguring includes reconfiguring the set of formula nodes associated with the selected task by removing, adding, or removing and adding at least one formula node.

13. The method of claim 12, further comprising the step of retrieving a third set of multi-dimensional data from the computer-readable memory, wherein the third set of multi-dimensional data is utilized in the step of reconfiguring the set of formula nodes associated with the selected task.

14. The method of claim 11, wherein the step of reconfiguring includes altering the set of processing instructions associated with the selected task.

15. The method of claim 1, wherein the step of processing further comprises:

retrieving data values from at least one external source, wherein the data values are associated with the set of formula nodes associated with the selected task;

assigning a first set of the retrieved data values to each data item of each formula node of the set of formula nodes associated with the selected task;

assigning a second set of the retrieved data values to each attribute associated with each data item of each formula node of the set of formula nodes associated with the selected task;

matching data items between each formula node of the set of formula nodes associated with the selected task in accordance with the set of processing instructions associated with the selected task; and

producing at least one matched set of data items.

16. The method of claim 15, further comprising the step of normalizing the retrieved data values to a format defined by the set of processing instructions associated with the selected task.

17. The method of claim 15, further comprising the step of assigning a default data value to each attribute associated with each data item of each formula node of the set of formula nodes associated with the selected task when the attribute is not assigned a data value.

18. The method of claim 17, wherein the default data value is defined according to its corresponding attribute.

19. The method of claim 15, wherein the step of matching includes matching a data value assigned to each attribute associated with each data item of a first formula node in the set of formula nodes associated with the selected task, to a data value assigned to each attribute associated with each data item of other formula nodes in the set of formula nodes associated with the selected task, in accordance with the set of processing instructions associated with the selected task, wherein no formula node involved in the matching step is a result formula node.

20. The method of claim 15, further comprising the step of executing a business formula corresponding to the selected task using the at least one matched set of data items.

21. The method of claim 1, further comprising the step of publishing a result from processing the selected task.

22. The method of claim 21, further comprising the step of structuring the result in accordance with at least one formula node from the set of formula nodes associated with the selected task.

23. The method of claim 21, further comprising the step of storing a plurality of formats and a plurality of destination data in the computer-readable memory, wherein the step of publishing includes applying at least one format of the plurality of formats to the result to produce a formatted result, and sending the formatted result to at least one destination of the plurality of destinations.

3. (canceled)

24-41. -41. (canceled)

42. A system for managing business formulas comprising:

a computer-readable memory storing multi-dimensional data,

wherein the multi-dimensional data includes a plurality of tasks, a plurality of formula nodes, and a plurality of processing instructions,

wherein each task is comprised of a business formula defined by a set of formula nodes from the plurality of formula nodes, and a set of processing instructions from the plurality of processing instructions,

wherein each formula node is comprised of at least one data item, and

wherein a data item is associated with at least one attribute defining a content of that data item; and

a central processor communicatively connected to the computer-readable memory, wherein the central processor includes one or more modules configured to;

receive a selection identifying a selected task for processing from the plurality of tasks;

receive inputted data related to the selected task, wherein the inputted data is comprised of data for modifying the selected task;

receive parameter data related to the selected task;

process the selected task utilizing the inputted data and the parameter data in accordance with a set of processing instructions associated with the selected task; and

modify the selected task using the inputted data while the selected task is being processed.

43. The system of claim 42, further comprising an interface for enabling communications between the central processor and one or more external computers.

44. The system of claim 42, further comprising a plurality of user computers communicatively connected to the central processor.

45. The system of claim 44, wherein more than one of the plurality of user computers are able to communicate with the central processor simultaneously.

46. The system of claim 44, wherein the plurality of user computers operate independently of each other.

47-51. -51. (canceled)

52. A computer-readable memory medium storing computer code for implementing a method for managing and executing a business formula on a computer of a network of multiple computers, wherein the method comprises the steps of:

storing multi-dimensional data in a computer-readable memory,

wherein the multi-dimensional data includes a plurality of tasks, a plurality of formula nodes, and a plurality of processing instructions,

wherein each task is comprised of a business formula defined by a set of formula nodes from the plurality of formula nodes, and a set of processing instructions from the plurality of processing instructions,

wherein each formula node is comprised of at least one data item, and wherein a data item is associated with at least one attribute defining a content of that data item;

receiving a selection identifying a selected task for processing from the plurality of tasks;

receiving inputted data related to the selected task, wherein the inputted data is comprised of data for modifying the selected task;

receiving parameter data related to the selected task; and

processing the selected task utilizing the inputted data and the parameter data in accordance with a set of processing instructions associated with the selected task; and

modifying the selected task using the inputted data while processing the selected task.

53. (canceled)