Newgen Software Technologies has been granted patent by Indian patent office for inventing the ‘System and Method for Data Compression.' This patent has been filed for a term of 20 years commencing from April 26, 2017, in accordance with the provisions of the Patents Act, 1970.
The invention addresses efficient data compression for large volumes of data files where the majority of content is similar, with a smaller amount of varying data, especially in scenarios where traditional compression techniques may not be optimal. Since the invention is about a compression technique, it aims to reduce storage space and improve speed and efficiency of data handling, however, in a much better way than conventional compression techniques.
This is especially relevant in industries handling high volumes of structured documents, forms, or system-generated reports, enabling them to save storage costs and have faster data handling. Newgen's patented system intelligently identifies homogeneous data files with similar structures and further segments them into static and dynamic regions. The system treats these files as sequential frames by leveraging advanced video compression techniques for highly efficient compression. This novel approach results in a single compressed video file, accompanied by metadata for precise storage and retrieval.
The patents acquired by Newgen further strengthen its leadership in building cutting-edge, industry specific applications, which are instrumental in driving digital transformation across organizations worldwide.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
| Company Name | CMP |
|---|---|
| TCS | 2577.10 |
| Infosys | 1318.90 |
| HCL Tech. | 1450.70 |
| Wipro | 210.20 |
| Tech Mahindra | 1490.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: