Nathaniel Keith Folkert

Title: Nathaniel Keith Folkert: Innovator in Business Metrics

Introduction

Nathaniel Keith Folkert is a notable inventor based in Brooklyn, NY. He has made significant contributions to the field of business metrics through his innovative patents. With a total of three patents to his name, Folkert has developed methods that enhance the understanding and computation of variances in business activities.

Latest Patents

Folkert's latest patents include a "Method and apparatus for creating compound due-to reports." This invention describes methods and apparatuses for computing a variance between two business metrics. In one embodiment, the method computes a variance for each of a first set of activities based on the corresponding reference state of that activity. The variance for an activity is defined as the change in contribution for that activity between the first and second business metrics, with each activity having a reference value. Additionally, the method computes a variance for a second set of activities based on their corresponding start and end values.

Another significant patent is the "Method and apparatus for creating due-to reports for activities that may not have reference value." This invention focuses on computing a variance for the difference between two business metrics. The method accesses a response model and a plurality of activities with start and end values. It computes a variance for the difference between the first and second business metrics for each activity using the response model, thereby enhancing the accuracy of business reporting.

Career Highlights

Folkert is currently employed at Demandtec, Inc., where he applies his expertise in business metrics and analytics. His work has contributed to the development of innovative solutions that assist businesses in understanding their performance metrics more effectively.

Collaborations

Folkert has collaborated with notable colleagues, including Chad Whipkey and Dirk Manfred Beyer. These collaborations have fostered an environment of innovation and creativity, leading to advancements in their respective fields.

Conclusion

Nathaniel Keith Folkert is a distinguished inventor whose work in business metrics has paved the way for improved analytical methods. His patents reflect a deep understanding of the complexities involved in business performance measurement. Through his contributions, he continues to influence the landscape of business analytics.