In 2018, a Minesoft article exploring how effective knowledge management systems can help to avoid or mitigate challenges such as infringement proceedings, wasted R&D expenditure in overcrowded research fields and competitors taking advantage of your technological innovations was featured in WIPR Annual.
Protecting, monitoring and investing in your company’s intellectual property is beneficial to companies of all sizes. IP protection is crucial to avoid having your unique ideas, products or services infringed upon. Even huge corporations can have their ideas infringed upon, requiring multi-million-pound lawsuits; the on-going disputes between Apple and Samsung are an active example of the vast amounts of money spent on and the importance of protecting IP.
In addition to this, patents are the most comprehensive source of ideas available and therefore invaluable for an effective R&D strategy, as well as competitive and business intelligence purposes, giving a company advanced warning of emerging threats and opportunities. The retrieval and assessment of patent data provides insights into competitor activity, potential collaborators, and technology trends. It’s crucial to share this information in a manner that is easily understandable, contains the correct amount of information and can lead to inspirational discussions and ground-breaking ideas.
Minesoft’s Pat-KM provides access to global patent data with integrated workflow for monitoring, classification and dissemination of relevant patent records. As a Knowledge Management system, it represents an evolution away from the usual one-size-fits-all solution towards a more bespoke approach that can adapt and change based on client needs and feedback to changing scenarios.
Read the full article here.