Topia, a global talent mobility and distributed workforce platform, recently announced that it has been awarded a new patent for its unsupervised machine learning models, which can identify seasonality and predict seasonally-influenced metric values. This patent is a testament to Topia's commitment to innovation and to incorporating machine learning models into its products and solutions in future releases, wherever it would benefit its clients.
The patent focuses on the use of seasonality-related data. Seasonality is a phenomenon in which the values of a particular metric tend to follow a repeating pattern over time. Machine learning models identify this pattern and forecast the metric's values based on the season. This technique is applied in various ways, including predicting demand, forecasting prices, or anticipating user or customer behavior.
One potential application of this technology within Topia's solutions is predicting flight rates to assist customers in managing the flow of people movement in their businesses or optimizing travel expenses. This new patent expands Topia's current portfolio and demonstrates the company's dedication to delivering entirely automated end-to-end Global Talent Mobility.
Shawn Farshchi, CEO at Topia, said, "Our new patent shows that we continue to be at the forefront of technological innovation in the global mobility, travel compliance and distributed workspace." He further added, "With the rise of AI in almost all facets of business life, this patent provides us with the ability to substantially expand Topia's platform with machine learning algorithms across our microservices, and further enhance our workflow automation."
(Source – CISION PR Newswire)
About Topia
Topia is a global talent mobility solutions provider. The firm enables companies to deploy, manage, and engage employees anywhere in the world. Topia’s platform empowers organizations to incorporate mobility into their comprehensive talent strategy, covering various types of employee movement, such as remote and distributed workforces, business travel, and traditional relocations and assignments. This approach enhances employee experiences and provides a competitive advantage by ensuring that the right personnel are in the right locations at the right time while remaining compliant regardless of their location. The platform optimizes and streamlines the entire global talent mobility process, including expat payroll, scenario-based planning, reporting, tax and immigration compliance, and other such functions. Renowned brands like Schneider Electric, Dell, Veolia, Equinor, and AXA trust Topia to power their global talent mobility programs.