Patents: A Tool for Technological Intelligence

Patents are the most important source of technology information. As a reward for their innovation, patents are granted to the inventor in the form a monopoly right for 20 years starting from the date of invention. These valuable documents are now easily accessible to the public thanks to the internet and advances in IT. Anyone with a basic understanding of the art can search through different patent databases to find the right patent document. There are many patent databases, including the USPTO, EPO and JPO that are freely available for public access. We can find a lot of information about the lifecycle of technological innovations if we look through patents that relate to a particular technological area.

A specific technology’s evolutionary path

o technological development,

Technological diversification

o technology merges,

One of the major players in a specific technology area.

The key features of this technology

“The World Intellectual Property Organisation (WIPO), revealed that patent documents contain 90% to 95% all of the world’s inventions.”

The patent analysis can reveal valuable information that isn’t available elsewhere. The patent analysis is the most important part of patent search. One must be clear about the purpose of the study. You can use the information from the patent documents in different forms depending on your needs and map it accordingly to get a snapshot of the whole analysis.

For the preparation of technological landscapes, patent data can be used. The plotting of a technological landscape can be made easier by using logistic mathematics and circle mathematics. This map can show the evolution of a technology and how it evolved from a base technology. It also shows the time period of technological diversification as well as its nature. These maps will provide a detailed overview of how different technologies have merged to create breakthrough technologies. These maps will help R&D personnel to assess the current state of their technology and to identify opportunities to innovate and improve on existing technology.

Companies need to be aware of what technologies competitors can easily choke off, or may be trying to do so in today’s global environment. They need to be able to identify the technologies that are most in demand and where their competitors are investing their IP development and R&D. They must be able track patent acquisitions and develop strategies, and map the market. Before making an investment decision, companies need to understand the current pace of patenting in technology. They also need to know which patents contain fundamental ideas in technology. This will help them evaluate the vulnerability of their technologies to patent infringements. This information will help them make a decision about technology acquisition or technology development.

Anyone involved in technological innovation must be able to extract the relevant information from patent literature. Technology mapping is a technique that transforms patent information into knowledge that can impact decision-making.