Patent 11475256 was granted and assigned to Hartford Steam Boiler Inspection and Insurance Company on October, 2022 by the United States Patent and Trademark Office.
In at least one embodiment, the present description is directed to a computer system, having at least components of a server, including a processor and a non-transient storage subsystem, storing a computer program including instructions that, when executed by the processor, cause the processor to at least: electronically receive a model for one or more operating conditions, one or more threshold criteria, and facility operating data for each respective facility of a plurality of facilities; validate the one or more threshold criteria to be one or more acceptable bias criteria; iteratively perform one or more iterations of outlier bias reduction in the facility operating data based on the model; determine, based on non-biased facility operating data, a non-biased performance standard for the one or more operating conditions; and track, based on the non-biased performance standard and the facility operating data, operating performance of each respective facility of the plurality of facilities.