Erik Skyten

Title: The Innovative Mind of Erik Skyten

Introduction

Erik Skyten is a notable inventor based in Harriman, TN (US). He has made significant contributions to the field of parametric analytics through his innovative patent. His work focuses on utilizing machine learning algorithms to enhance the analysis of parametric events, showcasing his expertise in technology and analytics.

Latest Patents

Erik holds a patent for a "Parametric engine to implement methods using parametric analytics." This patent describes systems and methods for performing analysis of parametric events. The method includes several steps: receiving weather data from a weather oracle network, calculating the likelihood of a trigger activation for a parametric event using a trained machine learning algorithm, estimating potential loss for the user based on this likelihood, determining initial coverage, and deciding whether to offer updated coverage based on a comparison of initial coverage and estimated loss.

Career Highlights

Erik is currently employed at State Farm Mutual Automobile Insurance Company, where he applies his innovative ideas to improve insurance solutions. His work is instrumental in developing systems that leverage data analytics to provide better services to clients.

Collaborations

Erik collaborates with talented coworkers, including Ryan Michael Gross and M Eric Riley, Sr. Their combined expertise contributes to the advancement of projects within their organization.

Conclusion

Erik Skyten's contributions to parametric analytics and his innovative patent demonstrate his commitment to advancing technology in the insurance industry. His work not only enhances analytical methods but also provides valuable solutions for users.