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A Tool for Technological Intelligence

Patents are the largest source of technological information. Patent are given to the inventor as a reward for its innovation in the form of the exclusive right of the monopoly for a period of 20 years from the priority date of the invention. Due to advancement in the IT sector and internet, now these valuable documents are in the reach of the general public. Any person skilled in the art can go through various patent databases and after a search can get the patent document of their need. There are different patent databases viz, USPTO, EPO, JPO, etc freely open for the public access. If we go through the patents related to a specific technological area, we will be able to find the lots of information about the life cycle of the technological innovation viz.,

o evolutionary path of a specific technology,

o technological development,

o technological diversification,

o technology merges,

o major players in specific technological area,

o key points of the specific technology,

"The World Intellectual Property Organisation (WIPO) revealed that 90% to 95% of all the world's inventions can be found in patented documents."

Patent analysis can reveals very valuable informations, which is not available anywhere. After patent search the crucial part is the patent analysis, and one have to be very concise about their objective of the study. The information in the patent documents can be utilized in different form according to the need and mapped accordingly to get the picture of the entire analysis in snapshots.

Patent data can be used for the preparation of technological landscapes. Logistic mathematics and circle mathematics can be very useful in the plotting of the technological landscape. It can reveal the evolutionary trend of a technology, how it is evolved from a basic technology, along with the period of the technological diversification and its nature. These maps will also give the detailed overview of the merging of the different technologies to give rise to break-through technologies. These types of maps will be very useful for the R&D personals to evaluate the position of their research and technology, and also they will find way to more innovate more advanced and valuable technology.

These types of technological maps will prove to be a valuable multiplier in R&D and commercialization activities, in various ways including the following:

o Developing further insights in response to strategic requirements and policy formulation in the organization

o Forecasting and identifying technological activities and trends in the industry

o Aiding in the visualization of alternative development and growth paths available to the organization

o Enabling pre-emptive recognition and action on potential licensing opportunities

o Identifying prospective partners and clients

o Identify technology discontinuities and areas of opportunities in their chosen technologies

o Monitor and evaluate the technological process of competitors and potential competitors

o Support decisions on foray and investment into particular technologies and sub-technologies

o Surveillance of technological progress of competitors as well as to alert oneself to new entrants to the field

o Spotting of white spaces or opportunity areas within a dense technological domain

o Creative tool to simulate new ideas and create new IP

o Complementing corporate IP filing strategies

o Support technology proposals for large scale national and international level projects

o Support investment and technology due diligence on companies

Patent mapping can be an integral part of IP management. It can uncover valuable information hidden in patents and can provide useful indicators for technical trends, market trends, competitors changes and technological profile and innovation potential of a company. Patent maps are visual representations of patent information that has been mined and aggregated or clustered to highlight specific features. There is a high degree of flexibility in visualization, which may be in the form of time-series or as spatial maps. We provide a more market and technology oriented analysis of the complete set of patent portfolio assets via our patent mapping services. Patent mapping can be used to ascertain the quality of patents with respect to prevailing technology and the extent to which patents affect the technology. This is a valuable input in technology sourcing/development and R&D decisions. Patent mapping can be indispensable for both firms that have an under-utilized patent profile and are looking to license/assign it at the most favorable terms, as well as to firms that are looking at developing patent portfolio strength in a particular technological field.

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