According to IBM, poor data quality costs the US economy $3.1 trillion a year. This figure includes lost opportunity costs and bad decisions based on faulty data. In IP (intellectual property), the direct costs of bad information can include multimillion dollar lawsuits with sky-high litigation fees, and the indirect costs of damaged reputations and lowered company valuation.
While there are…
Alternative data is defined in the context of investing as nontraditional data sets that support investment decisions. With the growth and availability of big data, going outside the normal realms of financial information such as quarterly earnings reports or merger and acquisition news is a trend that’s catching fire in the investment management (IM) community.
The lure of achieving alpha, returns that outperform a market index or benchmark, is driving interest in new types of alternative data.
Quantum computing and beyond: Can patent landscaping predict the future?
Quantum computing is going to change the world, and it’s no longer the stuff of science fiction. It represents a leap in computing power as massive as the jump from a vacuum tube filled mainframe to the latest iPhone and will solve problems too complex for today’s computers.
A series of patent landscape reports from…
Product release notes
Early April 2018: Translations for EP and WO Records
As we announced in March, we have added English translations to EP and WO records that were filed in languages other than English.
For EP records these are the translated fields that we added:
- Abstracts: 332,878
- Descriptions: 1,389,918
- Claims: 859,589
- Abstracts: 4,262
- Descriptions : 1,070,417
Quantum computing is going to change the world, and it’s no longer the stuff of science fiction. A series of patent landscape reports from Patinformatics, the firm of industry expert Tony Trippe, shows a recent explosion of patent applications and grants which are leading to some of the first real-world quantum computers. The number of filings has increased by more than 380% since 2014.
Quantum information technology patent families by year…
If you’re interested in knowing what the future direction of technology is, monitoring patent trends can tell you a lot. While not every patented invention makes its way into a product, if a lot of new patent applications focus on a particular area, you can be reasonably sure this development will show up in a real-world application.
The ten millionth patent issued by The United States Patent and Trademark Office (UPSTO) on June 19, 2018 is a good example.
US patents to China are growing rapidly
Our research has found that in 2017, China was awarded 28% more US patents than in 2016. Their total of 11,240 granted patents is ten times the number of patents they were granted in 2007. That pushed the nation into the top five recipients by country for the first time, behind the US, Japan, Korea, and Germany. While patent grants to China still make up only 3.5% of the more than 320,000 awards, it’s likely this share will continue to increase.…
The ten millionth US Patent will be granted on Tuesday, June 19, 2018. (Update: the patent was granted to Raythoen for a laser detection and ranging system.) Is this just another number, or a true milestone for intellectual property? It depends who you ask.
As many new uses for patent data come to light, we’re getting requests for basic education on patent content. We’re happy to provide guidance to customers with this need, and we’ve listed educational content from organizations we trust below.
United States Patent System
Patent Searching Fundamentals Course
Patent Information Users Group (PIUG)
US focus with some international content
As part of our annual Top 50 list of patent assignees, we also take a look at industry trends. Our research uncovered that in 2017, China was awarded 28% more US patents than in 2016. Their total of 11,240 granted patents is ten times the number of patents they were granted in 2007. That pushed the nation into the top five recipients by country for the first time, behind the US, Japan, Korea, and Germany. While patent grants to China still make up only 3.5% of the more than 320,000 awards, it’s likely this share will continue to increase.…
New records set for US patents in 2017
Last month we released our annual patent rankings and trends reports which revealed a 5.2% increase in granted patents in 2017 from 2016, to just over 320,000. IBM is once again the top assignee and received astonishing 9,043 patents, a 12% increase from 2016. New this year, we produced interactive content to highlight the largest and fastest growing technologies of 2017.…
Our senior analyst Larry Cady will show attendees of the Patent Information Users Group (PIUG) Biotechnology conference how to combine data sources using Google’s BigQuery and Tableau. Using a CRISPR based example, he will join free public patent data, fee based enriched patent data, chemical annotations from SureChEMBL, and simulated private company data into one report.
Bringing new drugs to market is a complex and expensive process. According to the Tufts Center for the Study of Drug Development, the average cost of a new drug is $2.6 billion, including failures and time spent.
Using patent data is a cost effective, smart way to mitigate financial risks. Adding patent information to big data analysis can help avoid costly intellectual property issues and provide scientists with access to research that’s never published in journals or presented at conferences.…
- IBM marks 25th anniversary as list leader
- U.S. grants hit record high and double from a decade ago
- Trending Technologies: e-cigarettes, 3D printing, machine learning & autonomous vehicles
NEW HAVEN, Conn., Jan. 9, 2018 — IFI CLAIMS® Patent Services, a leading global patent database provider and development platform, today released its annual analysis of the U.S. patent landscape for…
IFI Data Enrichments on Google BigQuery provide analysts with additional insight into PTAB cases, and patent legal status in general.
At IFI CLAIMS, we are very excited about the release of the Google Patents Public Datasets on Google’s BigQuery. We are proud to be the source of the core, public data table which provides global bibliographic data and US full text data free of charge. It is our hope that researchers around the world will use this data table to make new patent related discoveries. We are also announcing the availability of IFI patent data enrichments on BigQuery as a paid table.
Modest processing fees from Google BigQuery will apply when querying the data, but the first 1TB of data processed per month is free.
The main features of the Public Patent Table are
- Updated Quarterly
- Basic Bibliographic Data for Global Patents
- Full Text for US Patents and Applications
- No IFI Value Added Data
- No IFI full text translations
Patent data analysis uncovers drone technology leader
In 2014, we wrote a blog post about the drone patent landscape which provided insights on which companies and countries were publishing the most patent documents. Just recently, a story published by CNBC highlights the success of Chinese drone hardware manufacturer DJI, now dominating three-quarters of the consumer market. Three years
We recently published a blog post that covered how IFI data enhancements make it easier to know when a patent will expire. That article focused on US patents, and in this post we’ll discuss European patents.
Things are more complicated for European Patent Office (EPO) granted patents. The European Patent Office grants patents which may be registered in specific countries or “designated states”…
The 20 Year Term Rule
As a general rule of thumb, the effective life of a patent extends to 20 years from the application date. This rule has changed over time. For example, in the US, the rule was 17 years from the grant date prior to 1978. Some countries have different rules, but the major patent granting authorities, including the European Patent Office, Germany, China, Japan and Korea all…
We have also released machine translations for Canadian applications and grants originally published in French by the Canadian Patent Office. This data is available to CLAIMS Direct Premium subscribers.
New Country Coverage Details and Examples…
Larry Cady, IFI CLAIMS Patent Services
Have you wondered how emerging technologies such as artificial intelligence and deep learning can be applied to patent data? Sumeet Sandhu, CEO of Elementary IP, has written a very informative paper shedding light on the possibilities titled “Deep Learning AI for Patent Search and Analytics”. She also presented the material at the Patent Information User…
See us at PIUG Next Week
We're getting ready to head off the Atlanta for the PIUG 2017 Annual Conference. We're looking forward to seeing all of our clients, partners, and friends. Be sure to stop by the exhibit hall to learn about newly available data and pick up a handy zip up totebag.
On Sunday, plan to attend the pre-conference sessions from our partners Gridlogics and Questel who will be covering their latest product developments. ST…
A Message From Our CEO
2017 promises to be another exciting year at IFI CLAIMS Patent Services. We kicked off the year with an investment from Digital Science that allows us to further develop the content and the enrichment of our global patent data repository—CLAIMS Direct. We plan to add more national collections from Asia, South America, and Europe. And we will expand the scope of our patent…
- New record for most U.S. patents in single year
- IBM tops list again breaking its all-time high
- 50 percent of all Top 50 grants attributed to Asia
IBM and Samsung Up; Google and Apple Steady
IBM saw a nearly 10% increase in US utility grants in 2016. IBM saw significant percentage increases in CPC patent classes G06F (Electrical Digital Data Processing)—18% and H04L (Transmission of Digital Information)—25%. These are the areas where most of IBM's patent grants are classified. Samsung's grant count increased almost 9% with large gains in G06F and H04W (Wireless Communications Networks).…
In the US, designs can be patented. According to the US Patent & Trademark Office:
Design patents are often overlooked and…
How do you tell if a patent is in force in a European country? IFI CLAIMS can now provide an easy answer.
The IFI Patent Status indicator is a value added patent data field produced by IFI CLAIMS and available in our XML database. For patent grants, the value can be:
- “Active – Reinstated”
- “Expired – Fee Related“
- “Expired - Lifetime”
- “Ceased” (no longer active due to failure to
The number of Chinese semiconductor patents grew rapidly in 2015 compared to 2014. IFI CLAIMS has found that the number of Chinese semiconductor patent grants jumped by 88%. IFI CLAIMS looked at patents granted by the Chinese Patent Office for patent applications with Chinese priority. Focusing on applications with Chinese priority emphasizes technology developed in China. IFI used the international…
Patent pendency is the time between a patent's filing data and its grant or issue date. IFI CLAIMS has examined patent pendency across the world’s major patent offices. The figure below shows the mean pendency for patents issued in 2015. The size of each symbol reflects the number of grants issued by each office.