Intellectual Property India Publishes Patent Application for 'Method And System For Predicting Likelihood Of Return Of A Product' Filed by Lti Mindtree Ltd.

MUMBAI, India, Oct. 31 -- Intellectual Property India has published a patent application (202421033812 A) filed by Lti Mindtree Ltd., Maharashtra, on April 29, 2024, for 'method and system for predicting likelihood of return of a product.'

Inventor(s) include Nishant Bhatnagar; Vaishali Mahesh Deshmukh; Vijaya Rajan Shankar; Akshay Rakesh Toshniwal; Tamilselvan; Naveen Kumaar Subramanian; Ganesan T; and Jai Goutham V.

The application for the patent was published on Oct. 31, under issue no. 44/2025.

According to the abstract released by the Intellectual Property India: "The present invention discloses a return prediction system 102 and method for predicting a likelihood of return of a product. Static and dynamic data associated with the product is obtained using a data acquisition module 210, and is preprocessed using a preprocessing module 212a, which involves applying a plurality of base classifiers. Individual prediction from each of the plurality of base classifiers is combined using a meta-classifier. The meta-classifier then processes the combined data to generate a final prediction indicating the likelihood of the product being returned. The meta-classifier generates the prediction at one or more stages such as, before purchase of the product, and post purchase of the product. Finaly, a notification module 214 transmits notification based on the prediction to either a customer or a retailer associated with the product."

Disclaimer: Curated by HT Syndication.