“When you can measure what you are speaking about, and express it in numbers, you know something about it; when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind.” – Lord Kelvin
One may argue with Kelvin related to a specific context, but the spirit of his idea is undebatable. Consider Economic indices. One economist may argue with another about the best index for differentiating a developed country from a developing country. They, however, never argue about the efficacy of using indices.
How does one measure the contribution of an individual researcher? How does one rank the scientific journals? Is it by readership number? Not necessarily. Impact factors come in a variety of forms. For instance, the impact factor of a journal is the number of citations of articles published in that journal during the two preceding years, divided by the total number of articles published in that journal during the two preceding years.
This is not a perfect measure but we believe that the search for the best should not kill the good. Though the index is not a perfect number, it is still used to compare the relative importance of different scientific journals. How about an individual researcher? Here is the h-index by Jorge Hirsch.
“A scientist has an h-index k if k number of his/her papers have at least k citations each but doesn’t have (k+1) papers having at least (k+1) citations each.”
However, it is debatable among the research community whether the h-index is a good measure for the contribution or impact of an individual researcher.
It is common understanding that the measure should capture productivity of the individual researcher and the impact of his/her work. The h-index combines the productivity and impact in a simple manner and is easy to interpret. Hence, it is popular and is used by Web of Science, Chemical Abstracts, Google Scholar, and Scopus by Elsevier. It is also one of the parameters employed in ranking universities and research institutes, criteria for the career advancement of academicians, and the allocation of funds by government agencies for R&D.
The number of patents is a key metric used in gauging the productivity of an inventor. Patents are also used by different countries and companies to flex their muscles in international forums.
So how do we measure the contribution of inventors considering their patent filings?
We are not discussing the commercial value of the patent here but about the contribution of an inventor. If one goes by the assumption in the academic world, the contribution has two parts – one is the number of patents, and the other is how often they are cited by other inventors.
The role of an index is to keep things simple and to provide a measure for a reasonably good ranking. One can always, as they say, play the numbers game. i.e. interpret the system in a manner that the measurement and ranking lose their significance. We still prefer to have a number that acts as a differentiating factor. Here comes the inventor index, or the i-index.
The i-index depends on the number of granted patents, patent applications, and the types and number of citations. This is useful for individual inventors to measure the impact of their inventions or the IP department of a company to profile different working groups.
Relecura’s Inventor Index site makes it easy for you to compute your i-index. Head on over and find out your inventor index today!
The dilemma of where when and how much to invest in the innovation space is a critical factor...Know More
M&A is a strategic process, aimed at a mutually supportive and complementary association, resulting in a synergized end...Know More
Innovation reaches a dead-end if it cannot be monetized if the innovator fails to trace and reach out...Know More
Management of IP assets is costly and labor-intensive. Relecura offers classifier tools for categorizing and organizing data automatically...Know More
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