Patent ID: 8024218

Claim:
A computer-implemented method for electronically determining product marketability, the method comprising: receiving, by a processor from a data storage device, a first data object representing a plurality of business characteristic terms each indicating a characteristic measurement of a business operation; receiving, by the processor from the data storage device, a second data object representing a plurality of industry sub-segment terms each defining a market segment of an industry; receiving, by the processor from the data storage device, a validation data structure, each element of the validation data structure indicating a validation term that is associated with a specific business characteristic term and a specific industry sub-segment term, the validation term indicating whether the specific business characteristic term is essential with respect to the specific industry sub-segment term; calculating, by the processor, at least one array of criteria terms based on the validation terms of the validation data structure; prioritizing, by the processor, the criteria terms of the at least one array into an ordered sequence based on values of the criteria terms of the at least one array; grouping, by the processor, the ordered sequence into a plurality of clusters based on a comparison of the at least one criteria term against a threshold value; calculating, by the processor, a coverage percentage term for each of the industry sub-segment terms, the calculation based on a comparison of the validation terms for each of the business characteristic terms and the validation terms for each of the business characteristic terms in a selected cluster; the calculation of the coverage percentage term for each of the industry sub-segment terms further includes: calculating, by the processor, a total requirements term for each of the industry sub-segment terms by summing validation terms for each of the business characteristic terms for each of the industry sub-segment terms; calculating, by the processor, a first cluster coverage term for each of the industry sub-segment terms by summing validation terms for each of the business characteristic terms in the first cluster for each of industry sub-segment terms; and calculating, by the processor, the coverage percentage based on a ratio of the first cluster coverage term and the total requirements term; and outputting the coverage percentage term as an indicator of the product marketability.