The Power of Patent Intelligence
In the business world, few resources exist that paint a clear picture of technology trends, competitor R&D initiatives, and new innovations. This type of business intelligence can enable companies to leapfrog competitors and be foundational leaders in technology domains that have yet to materialize. By elevating the role of Intellectual Property (IP) analytics, resourceful companies are seizing the wealth of information sewn into every patent to become more informed and, subsequently, to formulate better business strategies. Experts corroborate the effectiveness of patent data analysis, as recent research revealed that firms that use patent analytics extract higher strategic and financial value from their patent portfolios.