Newgen Granted Patent in India for System and Method for Data Compression
Newgen Software, a leading provider of an AI-first unified digital transformation platform, has been granted a patent (No. 565385) by the Indian patent office for inventing the ‘System and Method for Data Compression.' The patent, filed for a term of 20 years from April 26, 2017, addresses efficient data compression for large volumes of data files where the majority of content is similar, with a smaller amount of varying data. This novel approach results in a single compressed video file, accompanied by metadata for precise storage and retrieval, aiming to reduce storage space and improve speed and efficiency of data handling. This patent boosts Newgen’s intellectual property portfolio, further strengthening its leadership in building cutting-edge, industry-specific applications.
Key Highlights
- Newgen Software granted patent for 'System and Method for Data Compression' in India.
- Patent aims to reduce storage space and improve speed and efficiency of data handling.
- Newgen's patented system intelligently identifies homogeneous data files with similar structures and segments them into static and dynamic regions.
- Patent strengthens Newgen’s leadership in building cutting-edge, industry-specific applications.
- Newgen's innovative approach uses advanced video compression techniques for highly efficient compression.