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PREDICTIONS BASED ON ANALYSIS OF BIG DATA

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Abstract:

Systems as described herein may analyze big data to generate predictions for Software-as-a-Service (SaaS) offerings and/or other subscription-based software. A prediction system may receive small business transaction data comprising payment information between a plurality of merchants and a software vendor. The prediction system may receive enterprise merchant insights information. The prediction system may identify, based on the small business transaction data and the enterprise merchant insights information, recurring transactions using a first machine learning model. The prediction system may generate an average contract price and a confidence score, using a second machine learning model. The prediction system may generate a recommendation comprising a renewal rate. Based on a determination that a service provided by the software vendor is coming due for renewal, the prediction system may send, to a particular merchant, an alert associated with the renewal and the recommendation.

Status:
Application
Type:

Utility

Filling date:

3 Mar 2021

Issue date:

8 Sep 2022