International Business Machines Corporation (Armonk, NY)

The method and system of creating a customized user interface that shows drilling activities at various levels, which includes receiving synchronized information from every drilling rig within a fleet, analysing the synchronized and calibrated data with a real time analytics engine, which determines a set of performance indicators that are applicable to at least one drilling event from the drilling drilling rig.

The financials of oil and gas drilling require efficient production. Offshore drilling is defined by the evaluation of Site Specific Procedures (SSP), which helps to establish baselines which are vital to understand the efficiency drivers in different operating scenarios. Because offshore drilling rigs can be exposed to extreme weather and sea conditions, they may have different operating scenarios.

The present invention describes a method and associated computer system. A processor within a computing system receives information from a local server, which is installed on each drill from a collection of drilling rigs. The local server transforms the sensor data collected by every drilling rig into a normalized form. The synchronized data is then analyzed using a real-time analysis engine, which includes at minimum a predictive model to determine at least one drilling operation event associated with an rig that is data that is synchronized. To ensure that the outputs are calibrated by the real time analytics engine, logic rules are used to determine a set of key performance indicators for at most one drilling operation that occurs on the drilling rig. A custom user interface is generated to be accessed by a user computing device to show the performance indicators, wherein the customized user interface indicates the recommended changes to drilling operations after analyzing the set of important performance indicators.

Click here to view the patent on USPTO website.

 

Get Patents with PatentPC

What is a patent?

Granted by the government to safeguard an invention, patents grant the inventor exclusive rights to create, use the invention, market and promote the invention?society gains when a innovative technology is brought into the market. The benefits can be in direct terms, as it can allow people to accomplish previously unattainable things, or indirectly by the economic benefits (business expansion and job creation) which the invention provides.

Many drug companies and university researchers seek patent protection for their work and research. A patent can cover the physical or abstract nature of a product or process or a method or composition of material that are new to the area. In order to be granted protection under a patent, an invention must be valuable unique, innovative, and not apparent to others in the same area.

Patents recognize and honor inventors who have commercially profitable inventions. They are an incentive to inventors to come up with new ideas. Patents enable entrepreneurs and inventors to be confident that there’s a good chance they will be paid back for their time, effort and money spent on technological development. They could earn a decent income by their work.

Patents play essential roles in firms and can be used to:

Secure your products and services

Increase the value, appearance, and visibility of your product on the market

Make your company and your products stand out from others;

Access business and technical expertise and other information;

Avoid using content from third parties or you risk losing important information as well as creative outputs and other outputs.

Patents transform inventors’ knowledge into a marketable asset, which creates new opportunities to create jobs and boost business growth through licensing or joint ventures.

Investors in the commercialization and development of technology will find small companies with patent protection appealing.

Patents can result in innovations and new ideas. This information can promote innovation and may qualify for patent protection.

Patents can be used to serve as an effective deterrent for untrustworthy third parties profiting from the efforts of an invention.

Revenues from patent-protected technology that are commercially successful could be used to finance technological research and development (R&D) and boost the likelihood of improved technology in the coming years.

Intellectual property ownership is a way to convince investors and lenders that there are genuine opportunities to market your product. Sometimes, one powerful patent could lead to numerous financing possibilities. Patents can be used in conjunction with other IP assets as collateral or security to secure financing. Investors are also able to view your patent assets in order to boost the value of their company. Forbes and others have pointed out that each patent could increase anything from $500,000 to a million dollars in company valuation.

A well-constructed business plan is vital for new businesses. It must be based on IP and show how your product/service is distinctive. Investors will also be impressed if you have IP rights are secured or are on the verge of becoming secure, and that they support your business plan.

It is crucial to keep your invention secret until you file to protect it with patents. The public divulging an invention could frequently devalue its originality and render it invalid. Thus, disclosures that are filed prior to filing (e.g. for test-marketing investors, test-marketing, or any other business partners) should only be filed after signing a confidentiality agreement.

There are many types of patents. Knowing them is essential for protecting your invention. Patents for utility cover techniques and machines. Design patents cover ornamental designs. Patents for utility are the most effective because they shield the proprietor from copycats and other competition. Utility patents are often issued to improve or modify existing inventions. Utility patents can also be used to cover improvements and modifications in existing inventions. For instance, a process patent will be able to cover actions or methods of doing a specific act, whereas chemical compositions are an assortment of ingredients.

What is the length average of patents? Although utility patents are valid for 20 years from the date of their initial filing, they can be extended by delay at the patent office.

Are you interested in patenting your ideas? Patents are granted only for first-to-file applicants You must make your application quickly. Contact a patent attorney at PatentPC to protect your idea now!

When you are writing an application for patents, you should do an internet search for patents, since the search will give you an insight into the other applicants’ concepts. You’ll be able limit the nature of your invention. Also, you can find out about the current technological advancements in the field you’re inventing. This will assist you in comprehend the scope of your invention as well as prepare you for the filing of the patent application.

How to Search for Patents

The first step to obtain your patent is to conduct a patent search. You can do a google patent search or do a USPTO search. Once the patent application is submitted, the product that is subject to the application may be called patent-pending, and you can locate the patent application online on the public pair. When the patent office is satisfied with your application, you’ll be able do search for a patent number and locate the patent issued. Your product will now be patentable. In addition to the USPTO search engine, you may also use other search engines like espacenet, which is described below. For assistance, consult a patent lawyer. Patents granted in the United States are granted by the US trademark and patent office as well as the United States patent office. The office also examines trademark applications.

Are you interested in finding similar patents? These are the steps to follow:

1. Brainstorm terms that describe your invention based upon its intended purpose, composition and usage.

Begin by writing down a brief, precise description of your idea. Do not use generic terms such as “device”, “process,” or “system”. Consider synonyms for the terms you picked initially. Next, note important technical terms as well as keywords.

To help you recognize keywords and concepts, use the following questions.

  • What’s the purpose of the invention? Is it a utilitarian device or an ornamental design?
  • Does the invention consist of a method of making something or performing an action? Does it constitute a product?
  • What is the purpose and composition of the invention? What is the physical structure of the invention?
  • What’s the purpose of the invention?
  • What are technical terms and keywords that describe the characteristics of an invention? To assist you in finding the appropriate terms, use a technical dictionary.

2. Use these terms to find relevant Cooperative Patent Classifications at the Classification Text Search Tool. To find the most appropriate classification to your invention, scan the classification’s class Schemes (class schedules). If you don’t see any results from the Classification Text Search, you may want to consider replacing the words for describing your invention using synonyms.

3. Examine 3. Check the CPC Classification Definition for confirmation of the CPC classification you’ve found. The hyperlink to the CPC classification definition will be given when the classification you have selected has a blue box that includes “D” on its left. CPC classification definitions will help you determine the applicable classification’s scope , so you can choose the most relevant. These definitions may also include search tips or other suggestions that could be helpful for further investigation.

4. Get patent documents using the CPC classification from the Patents Full-Text and Image Database. By focusing your search on abstracts and illustrations you can narrow your search to find the most relevant patent publications.

5. This list of patent publication is the most appropriate to look at for any similarities to your invention. Pay close attention to the specifications and claims. You may find additional patents by consulting the patent examiner as well as the applicant.

6. Retrieve published patent applications with the CPC classification you selected in Step 3 in the Applications Full-Text and Image Database. You can also use the same strategy of searching you employed in Step 4 to narrow down your results to the most relevant patent applications by reviewing the abstracts and representative drawings for each page. Next, carefully examine the published patent applications, paying particular attention to the claims as well as additional drawings.

7. You can find additional US patent publications using keywords search in AppFT and PatFT databases, as well as search for patents classified as not from the United States per below. You can also make use of search engines on the internet to search non-patent documents that describe inventions in the literature. For instance:

  • Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
  • Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
  • Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.

To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.