SciTech Patent Art has developed a robust methodology for patent-product matching. In this report, to demonstrate the effectiveness of this methodology, we conduct this analysis across few competitors in the same business segment.
A systematic study such as this by any company can have significant implications on the IP processes / systems adopted with in the company. Example business decisions that could be driven by such a study include:
- Strengthening product protection by revitalizing IP programs in core areas of business interest.
- Identifying IP to acquire to strengthen a weak patent portfolio.
- Reduction of maintenance costs by discarding/out-licensing patents of no commercial interest.
- Recognition and retention of core inventors driving commercialized inventions.
- …and many more