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Leveraging Patent Data for Competitive Intelligence


Guest post from Tony Afram, Founder and CEO of ipQuants

With the abundance of online information available today, it is possible to get an understanding of your next negotiation counterpart by quickly looking them up on LinkedIn. It takes only a couple of minutes, and, more importantly, it is as easy as going online. Even senior executives regularly check into LinkedIn, despite their busy schedules.

AI in IP: What Next, Part One

IFI attended and sponsored the 2018 IP Service World (IPSW) in Munich where a lot of interesting products and ideas involving artificial intelligence (AI) were discussed. This sparked curiosity around the topic, and we’ve been wondering where the future might take us in regard to its use in intellectual property. Toward this end, please join us at a roundtable event at the 2019 IPSW on the morning of Tuesday, November 26.…

The Evolving Landscape of Chinese Patents

Janice Stevenson, EVP of Client Relations at IFI CLAIMS Patent Services, will present information at the 2019 IP Service World in Munich on where Chinese inventors are filing for patent protection and what forms it is taking.
 

Focus on Value Creation Instead of Data Management

Lucas von Reuss from Quant IP explains how IFI CLAIMS not only saved time but enabled his employees to be more efficient and sped up product development. We started with raw data from patent offices—a cheap solution every young company looks for instinctively.

The Global Patent Landscape for Climate Change Related Patents

By Larry Cady, Senior Analyst at IFI 

The UN Climate Action Summit recently concluded and received heavy press coverage. There is a significant amount of research being done worldwide that is directly and indirectly related to climate change. IFI CLAIMS has surveyed this activity and the results are shown below.

A Special Patent Classification

Climate Change related patents are classified…

Using a Single Source of Patent Data Lets Developers Focus on High-Priority Tasks

Guest post from Matthias Pötzl, Managing Director, Dennemeyer Octimine

Background

Dennemeyer Octimine is an innovative company in the field of IP management and recognized as one of the leading AI platforms. The product Octimine takes semantic patent search, analytics and machine learning to the next level. Founded in 2015 by former Max-Planck-Institute and LMU Munich researchers Dr. Michael Natterer and Dr.

New Full-Text Patent Records and Google Translations Now Available in CLAIMS Direct

New Records
In keeping with our 2019 content roadmap, many new full text records are now available, along with translations to English using Google Translate. Since the beginning of the year 1.4 million documents covering 14 new countries and patent authorities have been added to our global patent database, bringing the total to 38 entities. These records are available to Premium+ subscribers. See more details…

The Chief Data Officer Role Encompasses Big Challenges and Opportunities—MIT Symposium

At a sold-out event at MIT in the middle of summer, corporate, academic, and consulting leaders came together to discuss the future of information management. The Chief Data Officer and Information Quality Symposium drew attendees from as far away as South Korea and Austria seeking new strategies for managing opportunities brought about by technologies such as AI and managing critical risks such as securing personal…

Keep Track of Semiconductor Patent Leaders with IFI’s Interactive Ranking Tool

We posted a blog in January highlighting some of the things you can do with our Top 1000 Interactive Ranking Tool. In addition to discovering trends and finding competitors, the tool shows the most current counts of patent grants for the year-to-date.
 
Let’s highlight one particular company that has seen a lot of growth over the past few years, Taiwan Semiconductor Manufacturing Co (TSMC). In…

Using Patents as an Alternative Data Source for Investing

Linking patent data to financial and other data sources provides analysts with unique metrics for decision making. On a tactical level, it’s possible to figure out how effective a company’s R&D spend is by linking it to patent grants. When linked to SIC codes, this can be done at an industry level to uncover broader patterns. On a strategic level, tracking patent activity sheds light on technology and geography…

Patent Landscape Analysis Using AI: Computer Systems Based on Biological Models

This is a guest blog by Nadav Kenneth (CEO) and Dr. Ronen Golan (CTO) of Inventive-IP, which is based in Israel. Inventive-IP provides patent-related services including prior art search, portfolio evaluation and modeling, competitive landscapes and litigation support. Inventive-IP’s services are supported by their proprietary search and analysis software. 

In this blog, we will use the…

IFI CLAIMS Spring 2019 Newsletter

 The Fastest Growing Technologies

Analyzing patent information is a good way to determine which technologies are experiencing rapid growth. We compared US patent application growth by CPC (cooperative patent classification) codes to find the largest increases from 2017 to 2018. The list includes some widely-covered technologies such as machine learning, and also some surprises like warehouse technology.…

New Chinese Patent Data Source: Faster and More Accurate Records

When it comes to international patent filings, China has been turning up the heat. According to the World Intellectual Property Organization (WIPO) more than half of all PCT applications, which allow simultaneous filing in many countries, were filed by Asian companies in 2018. China leads the pack, and especially of note are their large numbers of AI and quantum computing patents. They are expected to pass the US in PCT patent applications within the next two years.1

Bringing Google Translate to CLAIMS Direct

In today’s world, many people are accustomed to using apps that can translate signs in other languages by simply aiming their camera. While this is a great tool for vacationers, a vastly more sophisticated tool is needed for legal documents such as patents. The IFI global patent database contains records in 48 languages, and we're committed to making the information stored in them as accessible as…

IFI Patent Data Available through the WPI Test Collection

A subset of IFI patent data is now available for research purposes in conjunction with the World Patent Information (WPI) journal. The collection supports the mission of WPI, which is to publish insights into intellectual property information retrieval along with patent analytics methods.
 
This free collection is designed to foster good scientific practice, such as transparency and repeatability of experiments. It will not be updated with new data to ensure consistency of…

Patent Activity in the Monterey Bay Area

Larry Cady, Senior Analyst, IFI CLAIMS Patent Services
Capitola resident Larry Cady is not a patent attorney but does have over 20 years experience working with an analyzing patent data and trends. 

 

IFI CLAIMS 2019 Content Roadmap

IFI's Content Roadmap for 2019 reinforces the company’s ongoing commitment to the quality, reliability, and completeness of the CLAIMS Direct patent repository.
 
Chinese Data Improvements
 
We’ve just started to use a new Chinese data source that is improving quality and timeliness. We are using this new source for all new publications and updates, and during Q1 and Q2 we will complete a…

Using IFI’s New Interactive Ranking Tool, Part One

If you’re looking for an easy way to do simple patent research, our new Top 1000 Interactive tool is the perfect place to start. Based on the top 1000 companies who received US patent grants in 2018, you can search, sort, filter, and generate charts to make your own discoveries. Draw upon the examples below as a starting point.
 
Search for a Company
 
Using Siemens as an example, we typed the…

IP Service World — AI is Here and Making a Difference Now

At this conference held in Munich during the last week of November 2018, keynote speeches from senior IP leaders at Google, IBM, and Siemens, and many vendor presentations highlighted how advanced IP platforms are already taking advantage of artificial intelligence and machine learning. A record audience of 630 delegates from 55 countries heard how patent authorities around the globe are also adopting software to assist with administrative functions and scouring prior art that multiplies in volume each year.…

Blockchain Patents Unchained: Patent Landscape from IALE Tecnología

This analysis of blockchain patent applications and grants from IALE Tecnología, based on IFI data, offers an in-depth examination of this new technology. 
 

IFI to Demonstrate a New Data Discovery Technique at IP Service World

It can be a challenge to stay on top of the patent assets of large companies with many subsidiaries. It’s easy to overlook the true impact of a particular organization if you’re unaware of its holdings and what the combined picture looks like.
 
Janice Stevenson, EVP of Client Relations, will highlight new ways to discover the innovative technologies being introduced by established organizations.

Can Patent Search Skills Be Validated? Certification Could Help

November 13, 2018: this article has been amended with new information from PIUG, and updated dates for the QPIP exam. 

It’s easier to search for patent documents than ever before, thanks to many outstanding software tools and free services like Google Patents. However, there is a downside to this ease of use. While the information is readily available, making sense of it requires training and experience. IP decisions based on faulty research can wind up costing…

Mind the Gap: Connecting Your Application to a Patent Data Source

For developers using patent data to create an application, or for analysts using patent data to generate insights, it is important to Mind the Gap. The gap I am talking about is the gap between your application and your patent data source. 

Digital Twin Patent Analysis from IALE Tecnología

Our partner IALE Tecnología used IFI data to put together this interesting look at digital twin technology. For those not familiar with the term, it refers to a digital replica of a physical object, and is commonly used in manufacturing and gaining ground in other areas such as healthcare.

IALE performed an extensive analysis of the leading companies, countries, and types of innovations receiving…

High Quality Patent Data Is More Important Than Ever for IP Analysis

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…

Investment Management Firms Are Embracing Alternative Data–Patents Can Play a Role

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.

New Data and Improved English Translations

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
For WO records:
  • Abstracts: 4,262
  • Descriptions : 1,070,417

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. 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

Patent Number 10 Million Sheds Light on Industry Trends

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.

What Can We Learn From Ten Million US Patents?

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.