Intellectual Property (IP) tools are essential today to help make informed strategic business decisions. We are working towards putting the best possible technology in the hands of inventors, IP professionals, and business leaders, via our Relecura platform.
I would like to draw a parallel between the current IP industry and the semiconductor industry back in the 1970’s. Since the 1970s, the semiconductor industry has been hard-pressed to keep up with the prediction of Moore’s law. The industry was quick to recognize that simply increasing human resources would not be a solution but it would also require significant improvements in their productivity. This resulted in the advent of tools and processes to close the productivity gap, resulting in the growth of an Electronic Design Automation (EDA) industry. Today, the semiconductor industry in large part owes its success to the US $5-6 billion EDA tool industry.
The IP industry/ecosystem is currently facing a similar situation to that of the semiconductor industry of the 1970s. The questions in IP are getting more complex – ranging from the accurate assessment of the novelty of an invention to the valuation of an IP asset. Furthermore, each of the decisions made are valid for a given context and vary with time. Large amounts of data from diverse sources – including patent, scientific, legal and business – directly impact major decisions in IP. It is becoming humanly impossible to process all the relevant data in a timely manner. These questions arise at various stages of the IP lifecycle – from generation, analysis, valuation, and commercialization. The enormity of the problem and the importance of tools to aid in making the right IP-related decisions, cannot be stressed enough.
On the positive side, a large amount of the data relevant to IP-related analysis is now openly accessible. Rapid research in different technology streams is providing improved techniques to effectively analyze the data. We are now in a position to provide IP professionals with better tools to address the challenges before them.
One of the essential requirements of the next generation of IP tools will be the ability to not simply search, but also to extract and connect key information from diverse forms of data and provide insights into the IP-related questions posed by individuals at different levels in an organization. Even though the questions posed are complex, the tool should ideally deliver only the relevant bits tailored to each individual preferably via a simple and intuitive interface.
Relecura uses knowledge discovery based algorithms to extract key information and uses methods to connect the diverse bits of information in a meaningful way. We strive to make the best use of the technology available in different disciplines to solve problems in IP, technology landscaping, and competitive intelligence.
We seek the help of our customers, partners, other tool vendors, academicians and data providers to collectively grow the Patinformatics sector to be able to better solve the problems faced by the IP industry, both today and in the future. We believe that by working together, we can grow the ecosystem for intelligent tools that support IP professionals and help them make informed decisions in a timely manner.
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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