How Patent Landscape Help Businesses in Enhancing R&D Strategy?
It is a fact that each organization and industry domain have different IP policies and R&D priorities. But, all of them shares an identical challenge whenever it comes to considering and capturing IP. But the real question is at what point of time they need to start? Basically, businesses consider R&D initially and then IP as research and development activities have yielded an intangible technical solution. Identically, academics perform early searches of published papers. However, with research and development activity mainly focused on the crowded technical fields, organizations, as well as academics, are starting to know the requirement to include IP strategy in their R&D activity. If managed well, IP can assist in boosting and focus R&D efforts, and reduce the risk of investing in the development of technological advancements which might unnecessarily complicate existing prior art. Patent Landscaping Instead of searching for existing prior art for a solution in the innovation, patent landscaping can framework the existing technical field. It can easily outline the technical fields which are the major focus of development and white space which might tell future R&D tactics.
The early patent landscaping distinct from the traditional searches to evaluate patentability search as at this stage a technical solution might not exist, this is the case where landscaping helps during the scoping of an R&D activity. The main key benefit is the starting recognition of existing solutions. Taking patent landscaping services earlier enables strategic decision regarding product development. The outcome might suggest a white space prospect. Additionally, wherever technical disclosures are originated, analysis can mark the available technical areas. The crowded areas of the landscape are not likely to boost wide patent rights while recognizing unoccupied fields of the technical landscape can assist in R&D efforts towards the field which are more likely to gain huge patent protection. When an existing solution is found, some options incorporate: •
Using existing solution freely where there are not any active rights in countries interest.
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Licensing existing solution
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Gaining IP to strengthen business
All these strategies can save R&D expense and reduce the time of product development. This saves R&D expense which can be redirected to any other development. Mainly patent landscape denotes all the required features of the area of land. Identically, “Patent Landscaping” is a procedure to build a patent overview which is pending or in the process in a specific area. In a way, the patent landscape can be defined as a procedure of mapping pending, existing, and patents in the place field. There are several formats to report analysis such as reports published. Several Uses of Patent Landscaping Incorporate: •
Support development of an organization IP strategy.
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The understanding the competitive landscape in R&D areas.
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Recognizing the upcoming technologies trends withing domain.
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Supporting improved targeting of industrial and innovation policies and examining their influence.
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Recognizing the networks of knowledge and inventors among industry and countries.
Why Patent Landscape Are Conducted? A patent landscape is done on the basis of a particular reason. Generally, the patent landscape is done to understand one or more of the following: •
Businesses which look forward to developing a new product in a specific field
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Help organizations to grow and create business tactics or plans
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Assists organization recognize their competitors
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Assist organizations to determine the main field
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Minimizes the risk and recognize field for future growth
Advantages of Patent Landscaping Patent landscape analysis assists in making an informed business decision and enhance the degree of confidence. With data gathered through the patent landscape, enable the business to make decisions based on informed choice, evidence, and recognize the areas for future growth. The most important advantage you can have from patent landscape analysis incorporate deep insights in the product, technology, and competition in which you have selected to do research. From research, you can gain a large understanding which are below mentioned: •
General advancements/Technology trends – recognition of promising fields of technology:
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Assessment of trends in technological sectors in relevant to larger areas
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Recognition of overdeveloped fields
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Development in duration and scope of patent protection
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Connections that exist among applicants and critical investors
How does the Patent Landscape work? The perceptions offered by landscape analysis unfolds hot spots as per competition, players, regions, market, and prospects for the business. The patents can be apprehended by several keywords and class-based techniques. The search techniques might further incorporate from assignees, citations, and inventors of recognized patents. Search parameters can be customized according to specific needs of clients. While examining, apprehended patents are characterized under several standards and this stage gives a general idea of what exists in present. As per areas of interests, patents are further analyzed to gain data as per need taxonomy. This data points out the details of innovation in existing state-of-art which assist researchers to draw differences with their own innovation. This data is mainly represented as a collective analysis of characterized patents. Insights of Patent Landscape Analysis The landscape analysis is mainly represented in the graphic format which shows a timeline trend- additionally separating distinct assignees, main markets. Some other impacting factors are also recognized in the landscape: •
Main players in the technical area of interest
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New applicants in the technical area of interest and recognizing any licensing opportunity
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Location with priority filings
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Top researchers for technical areas of interest. Recognizing inventors working in main sectors. This is important as part of R&D techniques to collaborate with best researchers
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Application area of innovation corresponding to location
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Technology classes with main research
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Data about innovation offers opportunities for acquisitions to enhance existing innovation.
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Timeline based comparison of different innovation in a sector assist to recognize areas which are outdated, and which are upcoming
Why choose Ingenious for Patent Landscape? Ingenious e-Brain has a team of highly experienced professionals who are expert in offering patent landscape analysis solution as per the goals. The team can provide custom based patentability searches which are excellent to perform non-patent searches for the insights. Utilizing this elaborated data, clients can modify data and get the insights as per their objective. Additionally, we also offer a visualization dashboard which helps the client in dicing data and get insightful data as per need.