MUMBAI, India, Sept. 12 -- Intellectual Property India has published a patent application (202421016967 A) filed by Tata Consultancy Services Limited, Maharashtra, on March 8, 2024, for 'method and system for innovation velocity measurement.'
Inventor(s) include Balakrishnan, Tejan; and Mohla, Ankush.
The application for the patent was published on Sept. 12, under issue no. 37/2025.
According to the abstract released by the Intellectual Property India: "Due to lack of a standardized measurement system, it has become hard for organizations to identify the true reflection of the impact of the innovation. In conventional methods mainly utilize statistical methods for estimating enterprise innovation based on likelihood and are not effective. The present disclosure initially identifies a plurality of potential Key Performance Indicators (KPIs) from multidimensional data. Further, a plurality of relevant KPIs is selected for computing a raw innovation factor and a scaled innovation score is computed for each of the plurality of enterprise accounts by applying a set of pre-defined normalization rules. Further, a plurality of similar enterprise accounts is identified, and a plurality of recommendations are generated. Furthermore, a dynamic coefficient associated with each of the plurality of relevant KPIs are updated. Finally, an innovation score percentile is computed for each of the plurality of enterprise accounts based on an updated dynamic coefficient."
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