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Intellectual Property Leaders Use Multiple Patent Intelligence Systems to Identify Patents and Analyze Markets
Thursday, April 24, 2014
According to the ipPerformance Group Corporate Patent Intelligence Best Practices Report
ipPerformance Group, a leader in benchmarking corporate intellectual property law and management operations, announces the release of its Corporate Patent Intelligence Best Practices Report. The findings indicate that companies use more than four patent intelligence systems to conduct patent intelligence studies, and on average conduct nine types of studies. TThe findings also suggest that companies conduct the majority of their patent intelligence studies for legal risk mitigation and analysis, but they are increasing their use of patent intelligence to develop business strategies.
"Business leaders are realizing that understanding the competitive IP landscape is one of the critical elements in the rapid development and implementation of technology to create value. So increasingly, companies are conducting proactive analysis of the patent landscape as part of their innovation process," says Robert Williamson, president of ipPerformance Group. "It's clear that the majority of companies rely on numerous online systems and select the best patent intelligence system to meet specific objectives."
Among the findings that emerged from this research are the following:
- 52% of companies indicate that the chief IP/patent counsel is responsible for patent intelligence. Overall, companies indicated three functions are responsible.
- R&D leadership is reported by 81% of the companies to be the leadership function that is most knowledgeable about the value of using patent intelligence.
- 61% of companies indicate that they outsource patent intelligence requirements. The leading reason is lack of resources, databases or tools in-house.
- Innography, Thomson Innovation, Questel Orbit and Minesoft PatBase received the top overall scores. The full scorecard reflects 21 attributes to evaluate each system.
Forty-seven companies representing a variety of industries participated in this comprehensive study, including Crown Packaging, Zebra Technologies Corp., Visa, Tessera, Scil Proteins, Sasol, PepsiCo, Nova Measuring Instruments Ltd, Kimberly-Clark, ITT Corporation, GE, and Cytec Industries Inc.
A full report of the survey findings is available on the ipPerformance Group website, http://www.ipperform.com//benchmark-reports.php.
The ipPerformance Patent Intelligence Best Practices study is unique in its focus and in the depth of its investigation of the distinct characteristics of corporate intellectual property legal practice.
Other intellectual property asset management research topics include intellectual property management strategy and performance metrics; litigation and enforcement; training and education; open innovation; open source governance; patent analytics; intellectual property department operations; trademark strategies and practices; and licensing management.
About ipPerformance Group
ipPerformance is a leading intellectual property advisory and benchmarking firm that was established in 2005 to provide guidance to business, technology and legal leadership. We are guided by the principle that corporate leadership benefits from impartial feedback about operational strengths and limitations to help them make both strategic and tactical business decisions. We use our extensive intellectual property asset management best practices repository and benchmarking methodology to help our clients establish and sustain world-class programs. ipPerformance's experience includes: evaluating and establishing performance metrics; developing detailed policy, process and procedure guides; implementing best practices assessment tools; evaluating software solutions; assisting in intellectual property investment decisions; and deploying a comprehensive training curriculum.
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