Introduction of technological intelligence and patent

A patent is the largest source of technological information. The patent is given to the inventor as a reward for its innovation as the exclusive right of the monopoly for a time of 20 years from the priority date of the creation. Because of advancement in the IT sector and web, now these valuable documents are within the reach of the general public. Any skilled in the art can experience various patent databases. After a search can get the patent document of their need. There are distinctive patent databases viz, USPTO, EPO, JPO, and so on unreservedly open for the public access. In the event that we experience the patents related to a specific technological area. We will have the capacity to discover the bunches of information about the life cycle of the technological innovation viz.

  • The evolutionary path of a specific innovation,
  • Technological improvement,
  • Technological diversification,
  • Innovation consolidates,
  • Major players in a specific technological area,
  • Key points of the specific innovation,

“The World Intellectual Property Organization (WIPO) revealed that 90% to 95% of all the world’s creations can be found in patented documents.”

Patent Analysis

Patent analysis can reveal extremely valuable information, which is not available anywhere. After the patent search, the crucial part is the patent analysis, and one has to be exceptionally concise about their goal of the review. The information in the patent documents can be used in the various frame according to the need and mapped accordingly to get the photo of the whole analysis in snapshots.

Patent data can be utilized for the preparation of technological landscapes. Logistic mathematics and circle mathematics can be exceptionally valuable in the plotting of the technological landscape. It can reveal the evolutionary pattern of an innovation, how it is advanced from a basic innovation, along with the time of the technological diversification and its nature. These maps will also give the detailed overview of the converging of the distinctive innovations to offer ascent to reprieve through advancements. These sorts of maps will be exceptionally helpful for the R&D personals to evaluate the position of their research and innovation.  Also, they will discover the way to more innovate more advanced and valuable innovation.

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Technological intelligence and Patent

In the today’s global context firms need to realize what technological intelligence can competitors gag easily, and may attempt to. Therefore, they need to know the spaces in advances where the rivalry is intense, and the areas where competitors are concentrating their IP improvement and their R&D endeavors. They should have the capacity to track patent acquisition and advancement strategies and chart out the focused landscape. To evaluate innovation before making any speculation choice, firms need to know the pace of patenting activity in the innovation, which patents embody fundamental ideas in the innovation and how vulnerable the firm’s advances are to patent infringements. This will give them tremendously required information in settling on innovation advancement and innovation acquisition.

The ability to extract relevant information from patent literature is a crucial achievement factor for anyone involved in technological intelligence. Hence, the innovation mapping procedure’s that can utilize to transform patent information into learning that can impact basic leadership.

Patents are an important source of technological intelligence that companies can use to gain strategic advantage. Computational patent mapping is a system for the advancement and application of an innovation knowledge base for innovation and aggressive insight. Also, the primary deliverables of patent mapping areas information visualization through landscape and maps. These maps give valuable insight on innovation development/unrest, the nature of various sorts of pioneering; huge; unadulterated; and rising players, state-of-the-art assessment, and so on.

These sorts of technological intelligence maps will end up being a valuable multiplier in R&D and commercialization activities, in various ways including the accompanying:

  • Developing further insights in response to strategic necessities and policy formulation in the organization
  • Forecasting and distinguishing technological activities and trends in the industry
  • Aiding in the visualization of alternative improvement and development paths available to the organization
  • Enabling pre-emptive acknowledgment and action on potential licensing opportunities
  • Identifying forthcoming partners and customers
  • Identify innovation discontinuities and areas of opportunities in their picked advancements
  • Monitor and evaluate the technological procedure of competitors and potential competitors
  • Support choices on foray and speculation into particular advancements and sub-innovations
  • Surveillance of technological advance of competitors as well as to alert oneself to new entrants to the field
  • Spotting of void areas or opportunity areas inside a thick technological domain
  • Creative device to stimulate new ideas and create new IP
  • Complementing corporate IP recording strategies
  • Support innovation proposals for large-scale national and international level tasks
  • Support speculation and innovation due to tirelessness on companies

Patent mapping can be an integral part of IP management. It can also uncover valuable information covered up in patents and can give helpful indicators to technical trends, market trends, competitors changes and technological profile and innovation potential of a company. Patent maps are visual representations of patent information that has been mined and aggregated or clustered to highlight specific features. Therefore, there is a high degree of adaptability in visualization, which may be as time arrangement or as spatial maps.

Conclusion

We give a more market and innovation situated analysis of the entire arrangement of patent portfolio assets via our patent mapping administrations. Hence, a patent mapping can be utilized to ascertain the quality of patents concerning prevailing innovation and the degree to which patents affect the innovation. This is a valuable contribution to innovation sourcing/advancement and R&D choices. Patent mapping can be indispensable for both firms that have an under-used patent profile and are looking to permit/assign it at the most favorable terms, as well as to firms that are looking at creating patent portfolio quality in a particular technological field.

Simple subject specialization is insufficient for this, yet analytical speculation and innovations are extremely essential. Today loads of software resources are available for mapping the patent data, yet almost all are limited to bibliographic information. Therefore, the machine work cannot be compared with that of human insight. Patent mapping requires many skills. Most importantly among these is an ability to understand the complex scientific ideas ensured by the patents themselves.

Although it is possible to create a patent map by analyzing the relationships between patents without understanding the subject matter. Such a map is often futile. It should refine by somebody who understands the intricacies of the particular scientific discipline that is the basis of the development. Hence, I expect that the requirement for individuals with scientific (and designing) expertise in the field of patent mapping is on the increase. That’s the reason today heaps of KPO firm are looking for the opportune individual. There is a gigantic demand today, which will certainly increase in the near future.

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