Bank of America Corporation
SYSTEMS AND METHODS FOR DYNAMICALLY CALCULATING NET WORTH USING REAL-TIME SENSOR DATA

Abstract:

A method for evaluating an entity's net worth via a plurality of smart sensors is provided. The method may include determining a range of base-line values for each characteristic associated with a plurality of physical assets. Each physical asset may be coupled to one of the smart sensors. The method may include monitoring periodically to determine a measurable characteristic value for each characteristic and comparing each measured characteristic value to a stored range of base-line values for the characteristic. When a change is detected and is outside the range of base-line values, the method may include transmitting the change from to an edge computing device and modifying a stored monetary base value of each physical asset based on the change. The method may further include generating a total net value of the plurality of physical assets by combining the modified monetary base value of each physical asset.