Methods and systems for developing market intelligence

• US 7,130,865 B2
• Filed: 12/19/2001
• Issued: 10/31/2006
• Est. Priority Date: 12/19/2001
• Status: Active Grant

• Current Assignee: Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Moore, Raymond
• Primary Examiner(s): Gaffin, Jeffrey
• Assistant Examiner(s): ABEL JALIL, NEVEEN
• Application Number:
  US10/028,471
• Publication Number:
  US 20030115216A1
• Time in Patent Office: 1,777 Days
• Field of Search: 707 1-100, 707/101, 707/104.1, 705/1, 705/14, 705/26, 705/35
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: Y10S 707/99931 Database or file accessing
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

Abstract

Methods and systems are provided for characterizing market distribution for a business having multiple business representatives. The business is considered to be in competition with one or more competitors, each of which also has multiple representatives. Locations are determined both for the business representatives and for the competitor representatives, and these locations are used to populate one or more databases. A locator identification is assigned to each distinct location and used as a pointer within the databases. The locator identification may be unique to specific street addresses, permitting improved analysis of the market information, particularly analysis derived from the geographical distributions of the business representatives and of the competitor representatives.

Claims

1. A method for characterizing market distribution of a business, the method comprising:

determining a location of each of a plurality of business representatives comprised by the business and situated at different geographical locations to provide sales of the business'"'"'s products;

determining a location of each of a plurality of competitor representatives comprised by one or more competitors and situated at different geographical locations to provide sales of competitor products, wherein each of the one or more competitors competes for sales of products with the business;

populating at least one database with the locations of the business representatives and the locations of the competitor representatives;

from location information in the at least one populated database, calculating a probability that quantifies a level of competition to the business for sales of the business'"'"'s products, the competition being provided by the one or more competitors providing sales of the competitor products, and the level of competition being quantified in terms of a distance measure between the business and competitor representatives;

correlating the quantified level of competition with demographic data corresponding to the location information in the at least one populated database; and

outputting the quantified level of competition.

2. The method recited in claim 1 wherein

determining the location of each of the plurality of competitor representatives comprises accessing an representative locator service on an internet web site of the one or more competitors.

3. The method recited in claim 2 wherein accessing the representative-locator service is performed automatically by a web robot.

4. The method recited in claim 1 wherein determining the location for each of the plurality of competitor representatives comprises accessing an authenticated source identifying transactions performed by the competitor representatives.

5. The method recited in claim 4 wherein the authenticated source comprises a publicly available government record.

6. The method recited in claim 1 wherein the demographic data comprise census data.

7. The method recited in claim 1 further comprising applying a filter criterion to the correlated data to characterize geographic divisions within the demographic data by market penetration.

8. The method recited in claim 7 further comprising displaying the locations graphically according to the geographic divisions, wherein the geographic divisions are distinctly displayed according to the filter criterion.

9. The method recited in claim 1 further comprising displaying the locations graphically.

10. The method recited in claim 9 wherein displaying the locations graphically comprises displaying the locations on a map.

11. The method recited in claim 9, wherein the at least one database includes product information of the business representatives and of the competitor representatives, the method further comprising displaying the product information of at least one of the locations.

12. The method recited in claim 1, wherein calculating the probability that quantifies the level of competition comprises calculating a probability that at least one of the competitor representatives exists within a predetermined distance of each business representative.

13. The method recited in claim 1, wherein calculating the probability that quantifies the level of competition comprises calculating a probability that at least one of the business representatives exists within a predetermined distance of each competitor representative.

14. The method recited in claim 1, wherein calculating the probability that quantifies the level of competition comprises calculating a probability that any of the competitor representatives exists within a predetermined distance of any of the business representatives.

15. A computer system comprising:

a communications system;

a storage device;

a processor in communication with the communications system and the storage device; and

a memory coupled with the processor, the memory comprising a computer readable storage medium having a computer-readable program embodied therein to operate the computer system to characterize market distribution of a business, the computer-readable program including;

instructions to maintain at least one database on the storage device to store a location of each of a plurality of business representatives comprised by the business and situated at different geographical locations to provide sales of the business'"'"'s products, and to store a location of each of a plurality of competitor representatives comprised by one or more competitors and situated at different geographical locations to provide sales of competitor products, wherein each of the one or more competitors competes for sales of products with the business;

instructions to calculate, from location information in the at least one database, a probability that quantifies a level of competition to the business for sales of the business'"'"'s products, the competition being provided by the one or more competitors providing sales of the competitor products, and the level of competition being quantified in terms of a distance measure between the business and competitor representatives; and

instructions to correlate the quantified level of competition with demographic data corresponding to the location information in the at least one database.

16. The computer system recited in claim 15 wherein the computer readable program further includes instructions to determine the location of each of the plurality of competitor representatives by accessing an representative-locator service with the communications system on an internet web site of the one or more competitors.

17. The computer system recited in claim 15 wherein the computer-readable program further includes instructions to operate the processor to apply a filter criterion to the correlated data to characterize geographic divisions within the demographic data by market penetration.

18. The computer system recited in claim 15 wherein the memory further comprises a second computer-readable storage medium having a second computer readable program embodied therein to operate the computer system to populate the at least one database, the second computer-readable program including:

instructions to access a representative-locator service maintained by the one or more competitors at an internet web site;

instructions to extract location information for the plurality of competitor representatives from the representative-locator service; and

instructions to store the location information in the at least one database.

19. The computer system recited in claim 15, wherein instructions to calculate the probability that quantifies the level of competition comprise instructions to calculate a probability that at least one of the competitor representatives exists within a predetermined distance of each business representative.

20. The computer system recited in claim 15, wherein the

instructions to calculate the probability that quantifies the level of competition comprise instructions to calculate a probability that at least one of the business representatives exists within a predetermined distance of each competitor representative.

21. The computer system recited in claim 15, wherein the

instructions to calculate the probability that quantifies the level of competition comprise instructions to calculate a probability that any of the competitor representatives exists within a predetermined distance of any of the business representatives.

22. A computer-readable storage medium having a computer-readable program embodied therein to direct operation of a computer system including a communications system, a processor, and a storage device, wherein the computer readable program includes instructions to operate the computer system to characterize market distribution of a business in accordance with the following:

maintaining at least one database on the storage device to store a location of each of a plurality of business representatives comprised by the business and situated at different geographical locations to provide sales of the business'"'"'s products, and to store a location of each of a plurality of competitor representatives comprised by one or more competitors and situated at different geographical locations to provide sales of competitor products, wherein each of the one or more competitors competes for sales of products with the business;

from location information in the at least one database, calculating a probability with the processor that quantifies a level of competition to the business for sales of the business'"'"'s products, the competition being provided by the one or more competitors providing sales of the competitor products, and the level of competition being quantified in terms of a distance measure between the business and competitor representatives;

correlating, with the processor, the quantified level of competition with demographic data corresponding to the location information in the at least one database; and

outputting the quantified level of competition.

23. The computer-readable storage medium recited in claim 22 wherein the computer-readable program further includes instructions to determine the location of each of the plurality of competitor representatives by accessing an representative-locator service with the communications system on an internet web sited of the one or more competitors.

24. The computer-readable storage medium as recited in claim 22 wherein the computer-readable program further includes instructions to determine the location of each of the plurality of competitor representatives by accessing a publicly available source identifying transactions performed by the competitor representatives.

25. The computer-readable storage medium recited in claim 22 wherein the computer-readable program further includes instructions to operate the processor to apply a filter criterion to the correlated data to characterize geographic divisions within the demographic data by market penetration.

26. The computer-readable storage medium recited in claim 25 wherein the computer-readable program further includes instructions to:

generating a graphical representation of the locations according to the geographic divisions, the graphical representation including a distinction among the geographic divisions according to the filter criterion; and

transmitting the graphical representation over the communication system.

27. The computer-readable storage medium recited in claim 22, wherein the instructions to calculate the probability that quantifies the level of competition comprise instructions to calculate a probability that at least one of the competitor representatives exists within a predetermined distance of each business representative.

28. The computer-readable storage medium recited in claim 22, wherein the instructions to calculate the probability that quantifies the level of competition comprise instructions to calculate a probability that at least one of the business representatives exists within a predetermined distance of each competitor representative.

29. The computer-readable storage medium recited in claim 22, wherein the instructions to calculate the probability that quantifies the level of competition comprise instructions to calculate a probability that any of the competitor representatives exists within a predetermined distance of any of the business representatives.