By Mamata Saha
It’s said that change is the only constant in life and it’s an irrefutable truth. Likewise, innovation is undergoing changes at a speed that’s challenging to keep up with, coupled with changes in advanced technologies such as AI. So, the alliance between humans, machines, and technologies is leading to a paradigm shift in the way we view patent development. The intent of this human-AI collaborative relationship is not to alleviate human inventors but to bring together the limitless creativity of the human mind and the unrivaled efficiency of AI. The combination of AI-driven tools, massive datasets, and powerful algorithms, leads to everything from the identification of trends to the analysis of patents to the creation of patent drafts. While acknowledging the power of AI, it’s important to note that without the creativity of the human mind and its in-depth comprehension of human problems, these patent drafts would never have transitioned to extraordinary inventions.
Everyone knows that automation is the key to success in the innovation process, regardless of the industry or the product. Thanks to AI, the automation of repetitive tasks such as patent analysis and prior art searches has given inventors the flexibility, freedom, and confidence to focus on the creative elements of the innovation process. AI helps inventors to dive deeper into and assess various aspects of prior art, leading to new directions for further innovation. Additionally, Natural Language Processing (NLP), a subset of Machine Learning (ML), works its own magic by studying huge amounts of technical data and directing inventors to new and unexplored areas and ideas. Essentially, AI and its sub-technologies add more fuel to the imaginative fire of inventors, thereby helping them to go beyond a specific set of possibilities.
With further advancements in AI, the field of innovation will continue to grow exponentially. How so? Because today, AI isn’t just an invention-assisting technology, but also one that aids creation. In other words, AI systems will forecast future trends and data requirements by working with huge volumes of patent data, past inventions, and market trends. Also, the united efforts of humans and AI will lead to interdisciplinary innovation, whereby inventors will use the knowledge from a gamut of disciplines to find workable solutions to complex problems. In the end, an efficient patenting process aside, human creativity will go up by several notches, and with AI by their side, inventors will continue to innovate and find solutions to issues that plague people globally!
Relecura’s forte is its flexibility and adaptability to address specific problems and close-fitting solutions. The basic problem is that innovators are often not able to identify the industrial and commercial significance of their innovation as due diligence takes long days of analyses, necessitating a deviation from their regular and familiar activities. And it is a tedious iteration process. The latest custom AI capabilities help you assess the commercial value of innovation and technical due diligence can be automated to yield meaningful and immediate results. The repetitive tasks could be automated, and your time and energy could be devoted to strategic missions.
Management of large Innovation data is costly and labor intensive. Relecura offers AI-powered classification tools for categorizing and organizing data automatically and instantly. Automated Categorization against suitably chosen training documents keeps your innovation portfolio updated and lucidly classified, amenable to instant analyses.
Relecura offers fully automated custom AI solutions to track and explore developments in different technology areas. You can stay updated on the latest developments in different companies and technologies of your interest, which facilitates intelligent decision-making.
Competitive intelligence is a prerequisite for strategic decision making. Relecura provides tools to track the innovation and publication dynamics of your competitors, based on which you can prioritize your innovation initiatives and thus hone up your competitive edge.
Relecura uses white space analysis within its product platform known as the TechTracker, an AI-powered tool that provides insights on various technological trends and offers a peep into your competitor’s patent arsenal. Additionally, it helps you keep track of emerging organizations and technologies to help you manage your budgets and investments, optimally.
Make faster, better technology decisions with Relecura
Our professional services offer training and support to minimise time-to-value on the Relecura platform and make more timely, confident IP decisions