By Scott Oldach and Nick Stabinsky and Christine Wren of Patent Board™
In rapidly evolving, IP-rich industries, it is essential to thoroughly understand your company’s patent portfolio and its’ relationship to your products, technology and global marketplace. From a microeconomic perspective, your portfolio needs to be compared to competitors’, customers’ and suppliers’ portfolios to understand how technology innovation is evolving and to forecast future competitiveness. However, from a macroeconomic perspective, there are broader industry questions which can affect your company’s success such as - where is the innovation coming from in your industry – from which companies, countries, and cities? Patent Analytics is one methodology that provides insight into value and strategic fit in an industry. While IP professionals often talk about the ability of Patent Analytics to identify gaps, "hot spots" and emerging technologies at a microeconomic level, we often forget that the macroeconomic trends established from Patent Analytics can also speak to national competitiveness and global patterns of innovation. The macroeconomic data provides a refreshing look at the “big picture,” something that can also serve as a global innovation roadmap for any technology driven company.
Top 10 Countries Patenting in the U.S.
In last month’s issue, we turned to the end user of patent analytics to discuss the value they may receive from patent ana...