EDGE Spark's groundbreaking methods have been patented....
FOR IMMEDIATE RELEASE
USPTO Patent Number: 11663252
Revolutionary Software Methods Unify Old and New, Bridging the Gap Between Users and Legacy Systems
Nashville, Tennessee May 31, 2023 — Auction Edge is excited to announce that EDGE Spark's groundbreaking methods have been patented, further validating Auction Edge’s continually evolving platform modernization and allowing for stronger interaction with legacy systems.
EDGE Spark modernizes the user experience by allowing Edge customers full access to their business ecosystem anytime and anywhere through a modern user-friendly interface. Spark brings together all auction data into one place, putting insights at the user’s fingertips. EDGE Spark is built around the simple principle of Ask? Answer. Act! With real-time analytics accessible from any device, users have the power to capture the information they need to make informed decisions on the fly.
Spark provides a bridge that allows organizations to easily link and integrate legacy systems with modern apps and interfaces to provide an easy and seamless lookup and data retrieval experience across current and future-focused Graphical User Interfaces (GUI).
ASK - Why is this needed?
Often, businesses rely on older systems that hold vital data and critical business logic as well as proprietary intelligence. These are often difficult to navigate due to their outdated interfaces that also present challenges and limitations to scalability. Spark’s patented approach simplifies this by acting as a 'super translator,' converting user-friendly input into a language legacy systems understand. This paves the way for a seamless, user-focused experience that was previously unattainable.
ANSWER - How does it work?
Once a user provides input through a modern, intuitive interface, the software breaks it down into pieces that legacy systems can interpret. These pieces are then sent across all connected systems, prompting them to provide relevant data.
The software applies defined rules to the returned data, filtering and organizing the results to present only the most relevant information. Output is displayed in a simple, easy-to-understand format, bridging the gap between the user and multiple legacy systems; the method reduces the need to understand and utilize the complex workings of outdated systems, thereby saving time and resources.
This patent is about a way of making older systems work together using a common language, and then presenting the results to users in a clear and useful way. Auction Edge is excited to leverage this technology to empower and innovate on customer needs, while also making this patent available to a variety of non-automotive focused industries.
Here's a couple examples of how users would utilize this type of protocol across a variety of industries…
1. In the automotive industry, users could input user-friendly language such as: I want to see all red cars available in Texas under $20,000.
2. A user in the medical field could simply ask: how many patients were prescribed new blood pressure medications this week.
3. Someone in hospitality might want to know: what are the turn rates for each of our beach front rooms with handicap accessibility in the month of May?
4. An accountant may ask: show me balances for each unpaid deal greater than 90 days grouped by customer.
ACT - What’s next?
The patent facilitates the modernization of auction operations, improvement of vehicle sourcing, and enhancement of the buying experience for customers. The patent reflects the collective effort of the Auction Edge team, drawing on their extensive experience in auctions and technology. The concepts outlined in the patent are realized in Auction Edge products like EDGE Spark and the interconnections between various auction systems and interfaces. These connections are vital for the success of contemporary auctions, strengthening their role in the remarketing ecosystem. The patented methods enable auction operators, customers, and remarketing partners to access a wealth of information and business logic present in diverse auction systems and tools, encompassing both off-the-shelf and customized software. Auction Edge's unique blend of expertise and technological innovation positions them well to address the challenges and distinct characteristics of the evolving remarketing industry.
“Auction Edge remains committed to pioneering innovative solutions that empower users to overcome technological barriers. With this newly patented software method, we are excited to offer organizations and individuals a transformative solution to streamline their interactions with legacy systems, unlocking the full potential of aging infrastructures” says Julie Warpool, SVP Auction Systems.
For more information, visit http://www.auctionedge.com or contact info@auctionedge.com
About Auction Edge
Auction Edge is the premier remarketing technology provider to auto auctions across the United States. Over 215 auctions managing over 4 million vehicles each year, utilize the Auction Edge platforms and marketplaces to operate efficiently, dominate locally, expand their reach globally and compete nationally. Founded in partnership and built for auctions, the fully integrated and innovative Auction Edge platforms include EDGE ASI, EDGE AuctionOS, EDGE Spark, EDGE Pipeline, EDGE Lookout, EDGE Simulcast, and EDGE CRSimplified. Together, the Auction Edge products deliver an unparalleled competitive advantage to auctions across the remarketing industry. Auction Edge is headquartered in Nashville, TN. For more information, visit http://www.auctionedge.com.
The Auction Edge team is comprised of over 110 professionals with deep industry and technology expertise, solely committed to the success of our customers. Our marketplaces seamlessly connect over 57,000 buyers and sellers who rely on auctions to effectively manage and move the metal. With over 100 industry partnerships and integrations spanning the wholesale automotive space, Auction Edge delivers an unparalleled competitive advantage to auctions.
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