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CASE STUDY: FORTUNE 50 SOFTWARE COMPANY

Jul 14, 2022

PROBLEM STATEMENT

For years, a Fortune 50 software company came up with multiple technologies and patented them. Since it had more technologies than it could keep track of, it had very little idea about the nature and details of each one. So, the company needed to find a way to organize the patents and determine the areas each one dealt with. Needless to say, a company of this size was using a product available in the market to sort through the patents but wasn’t satisfied with its accuracy and the time taken to complete the task. It needed something that would fetch the desired results within a shorter period.

NEXT STEPS

Having heard about Relecura’s AI capabilities to handle patent intelligence, the IP Research and Analysis management team showed an interest in learning more about Relecura’s products.  After a walk-through of the company tools, they decided to use an AI feature within the Relecura platform to sort through the patents, study, and categorize them.

RESULTS

Reading and sorting through thousands of patents would have consumed a great deal of time and energy, calling into question the accuracy of the task. But using Relecura’s AI feature helped arrange the patents hierarchically and took only a couple of hours! This left the management team with more time to handle other strategic tasks. The patent categorization process helped them in the following ways:

WHY RELECURA?

Relecura’s products use AI and ML, which enables them to function with greater precision. Additionally, its repository of functionalities is built to handle end-to-end patent intelligence that stakeholders need to move ahead and achieve success in their businesses. 

If we consider this company in particular, the classification of patents used an AI feature of the Relecura platform to automatically arrange them in a few minutes. Therefore, it’s safe to say that the product is much faster and more dependable than the one it had been using earlier. Besides being accurate and automated, it’s intuitive and affordable. The feature is unique and a first for the patent industry, thanks to Relecura.

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