Smart Patents: Harnessing Generative AI for Automated Patent Analysis
By Mamata Saha
In the world of intellectual property (IP), patents serve as the symbol of protection for ideas or inventions. Imagine the massive number of patents filed per day and then think about collating data on the latest trends, analyzing key data on your competitors, and making critical business decisions. Seems like a monumental task, doesn’t it? That’s because it is. However, thanks to Generative AI (Gen AI), patent analysis has undergone a paradigm shift. So, with the help of the technology, large amounts of data can now be analyzed in a fraction of the time taken earlier.
Patent analysis, when done manually, may end up taking months to fetch the relevant information you’re looking for, but with Gen AI, the automated process saves time and resources, not to mention money. So, what exactly does Gen AI do?
Gen AI splits a patent into various parts and then pulls out crucial data such as claims, citations, technical data, and even the inventor's information. AI algorithms get to work and recognize patterns, trends, and insights, likely to be overlooked due to large volumes of data contained in patent databases. Eventually, Gen AI takes on the role of a team of analysts working round the clock to pull up detailed and relevant data.
So, what’s the USP of Gen AI from the patent perspective? Essentially, it is able to determine emerging technologies and trends. The technology is able to locate patent groups belonging to specific technological domains, which shows us the innovation path. Additionally, assessment of the growth patterns of these patent groups leads us to prospective areas that could be explored in the future. In the end, inventors and businesses are able to make educated decisions with the help of this gathered knowledge, and ensure that their research and development efforts and patent repositories are in sync with one another.
Interestingly, Relecura, an AI leader in the IP and innovation space, has been working on critical use cases concerning Gen AI for a while now. Should you have any requirements or questions concerning the technology, please reach out to us for support.