Bank of America Corporation
AUTOMATED RESOURCE ALLOCATION BASED ON PREDICTIVE ANALYSIS

Abstract:

The present invention provides for automated resource allocation based on predictive analysis of allocation parameters for the resource to be allocated. In specific embodiments of the invention, the analytical analysis that predicts the future allocation parameters is based at least on the entities historical resource allocation events, including, but not limited to, preferred types of the resource, amount/volume of previous resource allocations, timing of previous resource allocation and the like. In other embodiments of the invention, the analytical analysis that predicts the future allocation parameters is further based on the current or predicted location of resource allocation entities and/or the current or predicted travel route of at least one of the entities. In response to the analysis, a resource request signal, which may indicate resource amount and/or type, is generated and communicated to resource allocator configured to automatically allocate the resource to the entity(s) in response to receiving the request.