Nearly 90% of the existing US patents are never used to earn any money (Greenberg Traurig LLP). Under-utilisation of IP should be of concern to any company with a robust patent portfolio. Usually, when organisations file patents, it is to extract some monetary value from them, otherwise what is the point of spending the time and money to patent an invention? More…
Application of machine translation for global patent search
The team at Victor Green recently published an article on Artificial intelligence and machine translations of patents, studying the new combined Latin, non-Latin and machine translation index on PatBase 2.0. Using artificial intelligence inventions concerning dogs as the topic of research, Green et al. outline the various methods available on PatBase 2.0 to translate search terms and discuss how the new search engine simplifies and more accurately finds machine translations of global patents. More…
PatBase’s Patent Citation Network to
reveal hidden insights
The volume and complexity of patent citations make it a difficult area to efficiently navigate. However, with the right tools, it is also an exceptionally valuable one. An accurate citation analysis requires calculations that involve the analysis of a very large number of patents where data quality and internationally broad content is paramount. Understanding a large dataset like this can be difficult, and just a few years ago neither the big data analytics tools accessible for most users or the lack of fully global data collections allowed for it. More…
Compare patent portfolios using
PatBase Analytics V3
Recently, Nvidia, the American technology company most known for its graphics processing units (GPU) announced it will acquire Softbank owned Arm, a large player in semiconductor technology. Arm’s chips power over 95% of the world’s smartphone market as its primary business is licencing its IP. More…
How to use PatBase Analytics to
translate patent data to colleagues
and managers
Patents often contain a large amount of technical jargon and detail. R&D professionals have the complex job of combing through thousands of patent documents to identify information of interest to the business. Extracting this information and translating it into presentable material for others to understand can be a challenge. More…
Patent report: the road ahead for
driverless cars
Patent report: the road ahead for driverless cars
A patent report can give a snapshot of the patents in a specific subject area or which cover a type of technology. The reports can be used to visualise and discover existing gaps in relevant areas, gain competitive intelligence by understanding the current landscape, predict where your market is heading and spot trends in areas of interest to aid investment. They are a critical step in research and development as well as competitive or patent strategy for any company or institution. More…
Business Intelligence: The Importance of a Strong Patent Strategy
Business Intelligence: The Importance Of A Strong Business Patent Strategy
Transforming patent data into actionable technical, legal and business intelligence is a priority for any innovation-driven organisation with a strong IPR (intellectual property rights) culture. Patents are often the first published evidence of a new product or process in the public domain, and a significant volume (commonly cited as between 70 and 80 per cent) of the world’s technical and scientific information is only ever made available in patents. More…
Patent strategy: open vs closed
IP Strategy: Open vs Closed
Minesoft Business Development Executive, Moira Sivills, recently featured in World Intellectual Property Review (WIPR) magazine. Sivills investigated whether an open or closed patent strategy is the best way forward to promote innovation and technological development. The article uses case studies to explore the importance of intellectual property strategy (IP Strategy) in strengthening firms and creating business value. More…
IP management systems: Knowledge
is power
IP management systems: Knowledge is power
Minesoft’s Caitlin Kavanagh recently had an article published with well-known intellectual property (IP) magazine, IPPro. Kavanagh explained how IP knowledge management or patent portfolio management tools can be implemented to improve IP awareness throughout a corporation, from the launch of a product to the beginning of a new project. More…
Can Statins end the decades long wait for MS sufferers?
Multiple sclerosis (MS) is a chronic inflammatory disease that leads to progressive disability. Worldwide, more than 2.3 million people have been diagnosed with this lifelong condition. MS is a condition that can affect the brain and spinal cord, causing a wide range of potential symptoms, including problems with vision, arm or leg movement, sensation, or balance. Currently there is no cure for MS, however a recent UK study discovered the potential of Statins as a treatment to slow down the rate of MS progression. More…