By Mamata Saha
Being among the prominent names in the IP and innovation space, Relecura believes in harnessing the power of AI and its associated concepts through continuous and persistent research and innovation, to create products or add features to those that cater to a wide range of innovation-related concerns.
To that end, the company has added yet another tool to its repository of AI-based tools. AI Classifier, the tool name, works to arrange massive volumes of patent data sets into simple categories in minutes, thereby doing away with the painstaking process of manual data management, which takes weeks, maybe even months to organize. Powered by AI, the highlight of the tool is its flexibility to adapt to different conditions through its no-code AI capability, saving time and money, crucial to the growth and success of a company.
In terms of the tool’s functionality, it follows a three-step process for data categorization. The classification process begins with model creation, is followed by model analysis, and ends with data classification. The model creation process requires some training documents shared by the user and comprises patent datasets with their assigned categories. It is performed in one of two ways. Either an excel file with patent numbers and categories can be imported, or the tool can be searched for documents posing as training sets. After the model is created, it can be further analyzed to gauge its accuracy, before it is used for the final stage of the document classification.
The analysis process commences with a selection of the model type, followed by the algorithm, where the user gets to choose from among several types. It is important to mention here that a key attribute of the Classifier tool is that it uses self-learning algorithms to look for patterns in the data sets. The patterns are then used to classify the documents with the help of some features. Interestingly, the user also has the option of selecting fields that form a part of the patents and allocating a specific percentage to them (weights), depending on how significant each one is to the user.
When the tool completes its analysis, it throws up relevant performance measures including precision and recall. High recall and precision are key to a successful classification, so they’re integrated into a mathematical formula or the F1-score. Finally, since most of us assimilate information visually, the confusion matrix provides the required visual representation of the categorization process. Should the user find the data from the model analysis ideal, they can upload sizable data volumes for classification.
While the tool is fairly new, it is remarkable to note that there have already been several user-configurable features added to further enhance its efficiency. This includes selections and weights on raw text fields, semantic concepts, and metadata on technologies and sub-technologies generated by the Relecura platform. The model uses the selections and associated weights to create optimal classification models for the specific use case.
Since we’ve shared so much information on the tool, it makes sense to share the output of the tool through some significant images for your benefit. Please view the ones included below.
In conclusion, you can always check out the ‘products’ section of our portal, https://relecura.com/products/, or request a demo to get a first-hand look and feel of our offerings.
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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.
“Relecura helps us remain innovative by allowing us to see where the competition is playing through the landscaping tools. It lets us see where there are new opportunities and helps us focus in on those areas in an intelligent way.”
“Ralecura helps us ride the crest of innovation wave keeping a competitive edge. It helps us identify the white spaces and where the opportunities are.”
‘Our policy decisions regarding the focus areas of research and investment are being taken based on the insights offered by the custom AI tool, TechTracker, which offers a clear picture about the emerging technologies, companies, and the white spaces on the technology landscape of the key players. This helps us optimize resource utilization and maximize returns,’
‘The Classifier tool, introduced by Relecura, is indeed useful in managing and updating large datasets. After having subscribed to that AI-powered tool, inhouse big data management, and analyses have become easier and hassle-free,’
‘Relecura platform is fueled by the latest technologies and the tools that the platform hosts make our inhouse innovation management smooth and accurate, in addition to being synchronized with the global technology frontline,’
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