Patents: A Tool for Technological Intelligence

The most important source of technological information is patents. Patents are granted to inventors as a reward for their creativity in the form of a monopoly right that lasts for 20 years from the priority date of the creation. These priceless papers are now accessible to the entire public thanks to technological progress and the internet. 

Any person knowledgeable in the art can search numerous patent databases for the patent document they want after doing a search. The USPTO, EPO, JPO, and other patent databases are all publicly accessible to the public. We can find a lot of information about the life cycle of technological innovation if we look through patents related to a specific technological area, such as: 

  • The evolutionary path of a specific technology, 
  • technological development, 
  • technological diversification, 
  • technology merges, 
  • major players in specific technological areas, 
  • important aspects of the technology, ” According to the World Intellectual Property Organization (WIPO),

Patent information may be used to create technology landscapes. In mapping the technology landscape, logical mathematics and circular mathematics can be quite beneficial. It can disclose a technology’s evolutionary tendency, how it originated from a fundamental technology, as well as the age of technological diversity, and the nature of the technology. 

These maps will also provide a thorough insight into how various technologies are combining to create breakthrough innovations. These sorts of maps will be extremely beneficial for R&D personnel in assessing the status of their research and technology, as well as in identifying ways to develop more sophisticated and valuable technology. You can also Check the Write for Us Technology category for guest blogging by just clicking on the link. So that our audience or readers can get more knowledge about it.

In today’s global environment, businesses must understand which technology their competitors may readily choke on, and possibly seek to choke on. They also need to know which technologies have the strongest rivalry and where rivals are focusing their IP creation and R&D efforts. They must be able to chart the competitive environment and follow patent acquisition and development efforts.

Patents are a valuable source of technological knowledge that businesses may exploit to acquire a competitive edge. External technology-related information, such as patent information, may be gathered, analysed, forecasted, and managed using Technology Intelligence. Computational patent mapping is a method for creating and using a technical knowledge base for competitive and technological intelligence.

These kinds of technology maps will be a helpful multiplier in R&D and commercialization operations in a variety of ways, including:

  • Forecasting and recognizing technical activities and trends in the sector in response to strategic objectives and policy creation within the organization
  • Assisting with the visualization of the organization’s many developments and growth options
  • Enabling early detection and response to prospective licensing possibilities.
  • Finding potential partners and clients
  • Identify technical gaps and possibilities in the technologies they’ve chosen.
  • Support choices on forays and investments into certain technologies and sub-technologies by monitoring and evaluating rivals’ and potential competitors’ technical processes.
  • Monitoring rivals’ technical development and alerting oneself to new entrants into the sector 
  • Spotting white spaces or opportunity regions within a congested technological domain to support choices on foray and investment into certain technologies and sub-technologies
  • Tool for generating new IP and simulating new concepts
  • Complementing business intellectual property filing strategy

Patent mapping is an important aspect of IP management. It may extract significant information from patents and give useful indications for technical trends, market developments, competitor changes, and a company’s technological profile and innovation potential. Patent maps are visual representations of patent data that have been mined, aggregated, or grouped to emphasize key characteristics. The visualization, which can take the shape of time series or geographical maps, has a lot of versatility.

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