In today’s rapidly changing business environment, R&D organizations must constantly renew their technology strategies by leveraging both internal and external knowledge. The internal knowledge of an organization represents a unique understanding of its business models and technologies. However, internal knowledge is often limited by the organization’s current perspective, which may not always reflect market trends.
In order for organizations to gain a broader perspective and formulate strategies with the most up-to-date knowledge, external sources are valuable because they provide new perspectives and ideas. By combining external and internal knowledge, organizations can develop powerful strategies — but they will need a strategic and thoughtful approach to overcome the following challenges:
Key Challenges in Leveraging External Knowledge
- A key component of leveraging external knowledge is the search and extraction of relevant information. This is a time-consuming and resource-intensive process that requires significant expertise and a thorough understanding of the current needs of R&D organizations and industries.
- Moreover, global information sources are increasing exponentially, and data can be found across a wide range of platforms, websites, and databases. Teams that successfully source relevant information, therefore, gain access to opportunities that others miss.
- To ensure accuracy and completeness, analysts must also connect and analyze the extracted information, as well as triangulate findings from multiple sources.
- Finally, as part of the research process, developing an insightful report plays an important role — it ensures that key findings are effectively communicated, ultimately supporting R&D organizations in their overall decision-making process.
As a result, SciTech Patent Art (SPA) has developed a platform for connecting-the-dots across many data sources, adopting a highly time-efficient hybrid approach based on Machine Learning, Deep Web crawling, and manual analyst curation. Using high-quality curated data, the platform allows users to connect the dots seamlessly and, in effect, simplifies the entire insight generation process.








