Managing the Data Explosion! ICAP Patent Brokerage Offers an Exclusive License to Patented Advanced Data Retrieval Techniques for Data Retrieval

CHICAGO, June 20, 2011 /PRNewswire/ -- ICAP Patent Brokerage, a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm, is offering an exclusive license for a patent portfolio disclosing advanced techniques for data retrieval developed by the Multimedia Research Laboratory at Binghamton University.

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Background

With the advent of high resolution multimedia data, the need for advanced data storage, processing, and retrieval techniques has increased significantly. However, conventional content-based image retrieval (CBIR) techniques are highly inefficient and resource-intensive.

Key Characteristics & Benefits

The assets disclosed in this portfolio include a method and system for automatically annotating and retrieving image data – image annotation and multi-modal image retrieval using probabilistic semantic models:

• The disclosed method uses a novel probabilistic semantic framework (i.e., Bayesian model) that establishes an efficient correlation between contextual layers of image data and the collateral information (i.e., textual data) associated with the image.
• The disclosed method provides a hidden layer connecting the image data layer and the related textual information layer.
• This layered architecture combined with semantic concepts provides a semantic framework that operates on conditional probabilities (as defined by Bayesian model) of the visual features and the textual information of the image data.
• A learning procedure is then performed to facilitate the retrieval operations.
• This procedure not only annotates the image data automatically but also ranks search results in order of relevance to a user's input.
• As a result, the disclosed system facilitates a more efficient image search operation without increasing the overall effort, cost, and time for image retrieval operations.
• The disclosed system can also be used to define multiple hidden layers in the same semantic framework, wherein the additional hidden layers are meant for different types of multimedia data, such as audio, video, and other data formats.

Market Potential

This portfolio should be of interest to companies developing commercial solutions/applications for web search, image processing, social networking and image sharing, satellite imaging solutions, and entities manufacturing medical imaging systems, consumer electronic devices, security and surveillance systems, and other database retrieval systems and devices.

• Globally, Google image search receives a billion clicks per month and the market for global enterprise web 2.0 based interactive web services is estimated to reach $5.7 billion in 2015.(1),(2)
• The worldwide markets for video surveillance and medical imaging are expected to reach $37.7 billion and $11.6 billion respectively by 2015.(3),(4)
• The global market for digital photo applications is estimated to be $91.5 billion in 2013.(5)

To learn more about the assets available for exclusive license in this portfolio:
Contact Cameron Gray of ICAP Patent Brokerage at 650-421-3089 or [email protected]

Media Contact: Luisa Sepulveda 312-327-8162 or [email protected]

About ICAP Patent Brokerage

ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.

About ICAP

ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.

About Binghamton University

Binghamton University is one of the four university centers of the State University of New York. Known for the excellence of its students, faculty, staff and programs, Binghamton enrolls close to 15,000 students in programs leading to bachelor's, master's and doctoral degrees. A nationally recognized research institution, Binghamton University has one of the fastest-growing research programs in New York state.

SOURCE ICAP Patent Brokerage