Mimoto sees opportunity to leverage IP in India
The Patent Office of India has issued Patent No. 570364 to Sports Data Labs (SDL) covering a novel data request and distribution system for sensor-based human data (e.g., tracking data, physiological data, biomechanical data, biological fluid data, genetic data, genomic data, other electronic medical record data collected from a device or machine that senses information) and associated metadata, as well as AI-generated synthetic data-based derivatives.
SDL’s issued patent, entitled “Monetization of Animal [Human] Data,” covers a novel system configured to collect sensor-based human data, attach metadata to collected data (e.g., contextual data, other personal information), create or adjust a value (e.g., monetary value) associated with the human data and its associated metadata, and distribute data to one or more third parties https://www.bseindia.com/.
Characteristically, the system can be configured to distribute human data and its associated metadata based on a request for such data by the third party, which can include the distribution of requested data in exchange for consideration (e.g., a monetary fee or other value provided). The system can be optionally structured as a marketplace-like platform https://www.nseindia.com/.
The issued patent also covers an AI-based system that allows third parties to request and access generated synthetic data-based derivatives of real human data (e.g., synthetic human data sets, predictions, forecasts) in exchange for consideration, supporting AI-based model training and other use cases https://digitalinasia.com/.
The issued patent, which is pending in the US, Japan, and other key markets globally, will provide SDL with exclusivity for its invention in India until April 2040.
“We are thrilled to be issued this foundational data monetization patent in India that has been designed to capitalize on the unprecedented demand for large, categorized, longitudinal personal data sets,” said Vivek Khare, Co-Inventor and CTO of SDL, the assignee of Patent No. 570364.
“With your personal data being the lifeblood of AI models that power multiple trillion-dollar industries from healthcare to insurance to wellness to sports betting, our patented data collection and distribution system has been designed to enable greater access to personal data sets and derived synthetic data by enabling individuals to participate in the monetization of their personal data based upon its distribution and use,” Khare said on 11 Sept.
“The opportunity to leverage this IP in India, home to over 1.4 billion people, to exclusively power the Human Data Economy is unprecedented,” said Stan Mimoto, Co-Inventor and President of SDL which has offices in London and California.
“We believe that in this emerging economy, you will look at your personal data like you look at your house or stock portfolio. It is an asset with tremendous value that powers our understanding of how our bodies work and change over time on both an individual and group basis that allows us to identify and prevent diseases, develop new therapies and products, increase lifespans, optimize our health and biological performance, predict event outcomes, and provide dynamic & personalized guidance for everyday living.
“Our patented technology not only enables your personal data to become a monetizable asset that allows you to see value from its distribution and use, but furthers our collective understanding of the human body which will ultimately allow us to live longer, healthier, more productive lives.”
SDL’s issued patent covers use cases that include athletes, patients, and everyday citizens. In sports, SDL’s patented system – branded the Athlete Data Marketplace™- will operate as its data licensing and distribution platform to support the acquisition (e.g., license, sale) of human data and its derivatives by third parties on behalf of athletes and other representative organizations for a variety of commercial opportunities across sport in India including cricket.
SDL has thirteen active patent families globally. This is the company’s second issued patent in India alongside its SaaS-Based, Real-Time Health Diagnostics and Sensor Interoperability System.
SDL is an award-winning leader in the collection, analysis and distribution of real-time human data from sensors and other data sources. SDL provides patented technologies that empower individuals to collect, control, and distribute their personal data, while using artificial intelligence to transform collected data into insights and predictions for various on-demand use cases. SDL also provides data acquisition and monetization solutions for buyers and sellers of personal data through its patented Human Data Marketplace™. Fiinews.com
