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February 3, 2025

The CER Team’s Latest Patent: System and method for forecasting complex events

The Complex Event Recognition (CER) team, part of the AI Lab of the Institute of Informatics & Telecommunications, has been awarded a significant new patent (EP3955176A1) for an innovative system that redefines real-time event forecasting. This cutting-edge approach combines symbolic automata and prediction suffix trees, setting a new standard for accuracy, efficiency, and scalability in the analysis of streaming data.

The patented system employs symbolic automata to model complex event patterns while integrating variable-order Markov models for probabilistic forecasting. By focusing on the most informative past sequences, it captures long-term dependencies in data with exceptional precision, overcoming the limitations of traditional methods that often require extensive computational resources or domain-specific knowledge.

Key advantages include:

  • High Accuracy with Low Latency: The system processes data streams in real time, delivering precise forecasts instantly.
  • Ease of Use: Users can construct probabilistic models from predefined patterns without extensive domain knowledge.
  • Broad Applications: From maritime monitoring to financial fraud detection, the system excels in diverse operational scenarios.

This system seamlessly constructs a probabilistic model from a user-defined pattern without requiring extensive domain knowledge, making it a versatile and highly adaptable tool for anyone working with streaming data.

 

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