Software for sale

1 min read

The patent for predictive software created by engineers at Strathclyde University is to be auctioned in San Francisco next month.

A patent for software that helps predict future trends is to be auctioned in

San Francisco

next month.

The technology, created by engineers at Strathclyde University, can reportedly predict trends in a variety of sectors, from forecasting in business and the stock market to product life cycles.

This is the first time the university has used an auction to commercialise intellectual property. The patent will go up for sale at the Ocean Tomo Spring 2008 Live IP Auction on 2 April at the Ritz-Carlton, San Francisco.

Dr Matthew Carpenter, intellectual property rights manager at Strathclyde, said: 'Bringing pioneering technology out of the labs and into the marketplace is a vital part of our research strategy. We wanted to reach a new audience of potential developers, and an overseas auction is an ideal way to do that.

'The software has unlimited potential and can be used in any industry, from medicine to engineering, to telecommunications. With its 'rapid learning' technology and ability to make predictions in either the long or short term, this is the next generation of predictive software.'

Professor John Soraghan, of the university’s Department of Electronic and Electrical Engineering, created the software.

It works by analysing historical data, and can provide an alert for potential problems, while enabling statistical analysis. Unlike current systems, it operates on a standard PC and has real-time applications.