Patents as a Means of Fostering Creative Ideation in Technology

Patents as a Means of Fostering Creative Ideation in Technology

The most important source of technological knowledge is a company’s patents.

The exclusive right to monopoly is granted to the inventor as a reward for their innovative work in the form of a patent, which is valid for a period of twenty years beginning on the day that the invention was awarded precedence.

These priceless papers have just been made accessible to the general public as a result of developments in information technology (IT) and the internet.

Anyone with sufficient technical knowledge can access a variety of patent databases and, after conducting an appropriate search, obtain the required patent document.

Numerous patent databases, such as those maintained by the USPTO, EPO, and JPO, among others, are available to the general public without charge.

If we look through the patents for a certain technical sector, we can learn a lot about the different stages of the life cycle of technological innovation, such as, but not limited to, the following:

describing the course of evolution taken by a certain technology,

  • technical advancement,
  • technological diversification.
  • to the convergence of technologies.
  • important participants in a particular field of technology,
  • fundamental aspects of the particular technology.

According to the World Intellectual Property Organization (WIPO), registered paperwork contains 90 to 95 percent of all inventions in the world.

The examination of patents can yield extremely useful information that is not obtainable from any other source. Following the patent search comes the most important element, which is the patent analysis. When discussing the purpose of the research, one must be very clear and precise.

The information in the patent documents can be used in a number of different ways, depending on what is needed, and it can be mapped in such a way that snapshots of the whole analysis can be seen.

Data from granted patents can be included in the construction of technical landscapes. The planning of the future technological landscape can benefit greatly from the application of logistic mathematics and circular mathematics.

It is possible for it to indicate the evolutionary tendency of a technology, how a technology emerged from a more fundamental technology, as well as the time of the technological diversity and the nature of the technology. These maps will also provide a thorough picture of the convergence of many technologies that led to the development of ground-breaking technologies.

R&D personnel will find these sorts of maps very useful for evaluating the position of their research and technology, and they will also find ways to invent technology that is both more sophisticated and more valuable as a result of their evaluations.

In the current global environment, businesses need to be aware of the technologies that their rivals may easily choke on, as well as the technologies that they may be seeking to choke on.

They also need to be aware of the areas of technology and the technologies themselves in which the rivalry is particularly fierce, as well as the areas in which rivals are focusing the majority of their R&D and intellectual property creation efforts.

They need to be able to draw out the competitive environment as well as follow patent acquisition and development initiatives.

Firms need to know the rate of patenting activity in the technology, which patents reflect basic concepts in the technology, and how sensitive the firm’s technologies are to patent infringements in order to evaluate technology before making any investment choice.

This will provide them with the much-needed knowledge to choose between developing their own technology and purchasing existing technology.

One of the most important factors in determining one’s level of success in the field of technical innovation is one’s capacity to glean useful knowledge from published patents.

The technology mapping strategies that may be implemented to convert patent information into knowledge can have an impact on decision-making.

Patents are an essential source of technological knowledge that may provide businesses with an advantage in terms of their strategic positioning.

Technology intelligence is a tool that may be utilised for the purposes of collecting, evaluating, predicting, and managing information connected to external technologies, including information linked to patents.

An approach for the construction and implementation of a technology knowledgebase for the purpose of gaining technological and competitive intelligence is called computational patent mapping.

Knowledge visualisation in the form of landscapes and maps is the major type of output that comes out of the process of patent mapping.

These maps provide valuable information about the advancement and revolution of technology, the nature of various types of pioneering, major, pure, and developing actors, as well as an assessment of the state of the art and other topics.

These kinds of technology maps will prove to be a valuable multiplier in the activities of research and development and commercialization in a variety of ways, including the ones that are listed below:

  • Developing further insights in response to the organization’s strategic requirements and policy development
  • Making projections for future technical endeavours and identifying emerging trends in the sector,
  • Assisting in the visualisation of many potential avenues of growth and development that are open to the organisation,
  • Making it possible to anticipate and take advantage of future licencing possibilities
  • The search for potential business partners and customers, Determine where their selected technologies have technological gaps as well as areas of potential opportunity.

Keep an eye on and analyze the technical processes of existing and future rivals.

  • Provide support for decisions on new technology introduction as well as investments in existing ones.
  • Monitoring of the technical advancements made by rival companies, in addition to keeping an eye out for new players entering the market.
  • Identifying blank spots or unexplored potential regions within a crowded technical domain
  • A creative simulation tool for new ideas and the creation of new intellectual property.
  • Complementing the intellectual property filing strategies of corporations
  • Provide support for the submission of technological proposals for large-scale projects at the national and worldwide level.

Assist in the investigation of companies in terms of their investments and technologies.

Patent mapping has the potential to become an essential component of IP management

It is possible to unearth significant information that has been concealed in patents, and it can give helpful indicators for changes in technology trends, market trends, rivals, a firm’s technological profile, and the innovation capacity of the company.

Patent maps are graphical representations of patent information that has been mined, aggregated, or grouped with the purpose of drawing attention to certain characteristics.

There is a great deal of leeway for creativity when it comes to visualisation, which might take the shape of time series or maps of the surrounding area

By utilising our patent mapping services, we are able to do an examination of a whole patent portfolio that is more focused on the market and the underlying technology.

Patent mapping is a technique that may be utilised to determine the quality of patents in relation to existing technology as well as the degree to which patents have an effect on the technology.

This is crucial information that may be used when making decisions about the sourcing and development of technology as well as R&D.

Patent mapping may be an invaluable tool for companies that are aiming to establish patent portfolio strength in a certain technical sector, as well as for companies that have an under-utilized patent profile and are wanting to licence or assign it at the most advantageous terms.

For this purpose, topic expertise alone is not sufficient; rather, critical thinking and creative invention are absolutely necessary.

There are now a large number of software tools available for mapping patent data. Nevertheless, the vast majority of these services are limited to bibliographic information. The work done by machines can in no way be compared to the intellect done by humans.

Patent mapping takes various talents. The capacity to comprehend the intricate scientific concepts that are the subject of the patents themselves is at the top of the list among these qualifications.

Even though it is possible to create a patent map by analysing the relationships between patents without understanding the subject matter, such a map is typically useless and needs to be refined by someone who is knowledgeable about the intricacies of the particular scientific discipline that is the basis of the invention.

As a result, I anticipate that there will be an increase in demand for individuals in the field of patent mapping who have experience in scientific fields (as well as technical fields).

Because of this, a great number of KPO companies are actively searching for the appropriate candidate at the present time, and although the demand is really high right now, it will almost surely continue to rise in the near future.

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