Patents are the largest source connected with technological information. Patent are given to the inventor to be a reward for its innovation such as the exclusive right of the monopoly for just a period of 20 years from the priority date on the invention.
Due to advancement in this IT sector and internet, now these valuable documents are in the reach of people. Any person skilled in the art can experience various patent databases and after a search might get the patent document of their need to have. There are different patent databases viz, USPTO, EPO, JPO, etc freely open with the public access. If we go throughout the patents related to a specific design area, we will be able to search for the lots of information about the life cycle on the technological innovation viz.,
o evolutionary path of any specific technology,
o technological development,
i technological diversification,
o technology merges,
i major players in specific technological spot,
o key points of the unique technology,
“The World Intellectual Property Organisation (WIPO) disclosed that 90% to 95% of all the world’s inventions can be obtained from patented documents. “
Patent analysis can certainly reveals very valuable informations, which seriously isn’t available anywhere. After patent search the crucial part is the patent analysis, and one ought to be very concise about their objective on the study. The information in the patent documents work extremely well in different form according to the need and mapped accordingly to discover the picture of the entire analysis with snapshots.
Patent data can be for the preparation of technological landscapes. Logistic mathematics and circle mathematics are often very useful in the plotting of this technological landscape. It can reveal the evolutionary trend of any technology, how it is evolved at a basic technology, along with the period of the technological diversification and its characteristics. These maps will also give the detailed presentation of the merging of the different technologies to promote break-through technologies. These types of maps will likely be very useful for the R&D personals to evaluate the position of their research in addition to technology, and also they will find strategy to more innovate more advanced and precious technology.
In the today’s global context firms need to learn what technologies can competitors choke simply, and may be attempting to. They should know the spaces in technologies where by competition is intense, and the regions where competitors are concentrating their IP progress and their R&D efforts. They need so that you can track patent acquisition and development tactics and chart out the competitive surroundings. To evaluate technology before making any investment decision, firms need to know the pace of patenting activity from the technology, which patents embody fundamental ideas from the technology and how vulnerable the firm’s technologies are to patent infringements. It will give them much needed information with deciding between technology development and technological know-how acquisition.
The ability to extract relevant information from patent literature is usually a crucial success factor for anyone interested in technological innovation. The technology mapping technique’s to use to transform patent information into knowledge that could influence decision-making.
Patents are an important cause of technological intelligence that companies can use to find strategic advantage. Technology Intelligence is a can be employed for gathering, analyzing, forecasting, and coping with external technology related information, including patent information. Computational patent mapping is a methodology with the development and application of a technological know-how knowledgebase for technology and competitive learning ability. The primary deliverables of patent mapping is such as knowledge visualization through landscape and atlases. These maps provide valuable intelligence with technology evolution/revolution, nature of various sorts of pioneering; big; pure; and emerging people, state-of-the-art assessment, etc.
These types of technological maps will make a valuable multiplier in R&D in addition to commercialization activities, in various ways like following:
o Developing further insights in respond to strategic requirements and policy formulation from the organization
o Forecasting and identifying technological activities and trends in the profession
o Aiding in the visualization connected with alternative development and growth paths there for the organization
o Enabling pre-emptive acceptance and action on potential licensing prospects
o Identifying prospective partners and buyers
o Identify technology discontinuities and elements of opportunities in their chosen technologies
o Monitor and evaluate the technological process of competitors and likely competitors
o Support decisions on foray in addition to investment into particular technologies and sub-technologies
o Surveillance of technological progress of competitors together with to alert oneself to new entrants towards field
o Spotting of white spaces or opportunity areas just a dense technological domain
o Creative software to simulate new ideas and build new IP
o Complementing corporate IP health history strategies
o Support technology proposals intended for large scale national and international levels projects
o Support investment and technology sufficient research on companies
Patent mapping can be an inclusive element of IP management. It can uncover valuable information hidden in patents which enables it to provide useful indicators for technical movements, market trends, competitors changes and technological profile and innovation potential of any company. Patent maps are visual representations of patent information that was mined and aggregated or clustered to help highlight specific features. There is a superior degree of flexibility in visualization, which may be such as time-series or as spatial maps. You can expect a more market and technology oriented analysis on the complete set of patent portfolio belongings via our patent mapping services. Patent mapping can often ascertain the quality of patents with respect to prevailing technology and the extent to help which patents affect the technology. That is a valuable input in technology sourcing/development in addition to R&D decisions. Patent mapping can be indispensable for both firms that have an under-utilized patent profile and are looking to license/assign it at the most favorable terms, as well as to firms seeking at developing patent portfolio strength within a particular technological field.