Billy Beane, Managing Director for the baseball team ‘Oakland Athletics’ is largely credited for combining his baseball expertise with data analytics, to great success. He was the subject of a 2011 movie named Moneyball. Nate Silver, a statistician, shot to fame after correctly predicting the winner of 49 out of 50 states in the November 2008 US Presidential elections. What do both Billy and Nate (and many others in this field) have in common? They’ve effectively used data to establish patterns, to be able to predict results with a considerable accuracy.
…which brings us to the topic of this blog post—the power of patent transaction data. Patents are often bought, sold, transferred under contractual agreements, infringed upon, and litigated in court. Individually, such transactions provide very little insight. However, if we were to study these transactions over a period of time, we can get useful information.
We analyzed assignment transfer related to patent transactions that were recorded by the USPTO in 2012, to establish as well as to understand patterns and trends across various industries. For example,
Now, these can be either perceived as mere numbers or help provide insights into specific growth trajectories, probable licensees, strength of industries or technologies, and more. A thorough analysis of this information can provide several data points to further lead us into the desired direction of analysis. Studying assignment transfers from Universities and Institutions, for example, reveals details about the kind of research being funded by government agencies and other non-government entities. There are several other ways these numbers can prove to be meaningful. Take a look at our Whitepaper Patent transaction trends for 2012 for a detailed report, or browse through the Infographic below.
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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,’
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