We’re slowly transitioning into the post-COVID phase, and gearing up to adapt with the fundamental shifts in the way our businesses are going to operate hereupon. The attention, worldwide and across industries, will likely shift towards quickly identifying the most profitable assets, and leveraging them for generating immediate revenues.
There will be an ardent need for companies to understand their core assets and predict value of their patent portfolios, so that, they could leverage these insights and identify opportunities to monetize through them.
Challenges Before Enterprises
Companies with large and diversified patent portfolios, often struggle in classifying their patents in relation to their core and non-core (or non-aligned) assets. The bigger challenge is to clearly segment these on the basis of their technical potential and commercial value.
In the absence of this clarity, companies often fail to capitalize on their most profitable, sought-after or relevant patents – that could size up their business growth and revenues.
Decoding the Value of Diverse Patent Portfolios
Portfolio Due Diligence and Patent Ranking can prove effective in classifying valuable and underperforming assets, while enabling you to make high level decisions regarding IP commercialization. Portfolio Segmentation and Visualization can also help with:
Monetization: Out-licensing of non-core patents and abandoning underperforming patents.
Infringement Analysis: looking out for potential infringers for strongest patents in the portfolio, for litigations purposes– licensing or royalty earning.
In-Licensing: Acquisition of competitor patents to fill gaps in the existing portfolio.
Future R&D: Understand core technology areas where there is a need to invest in order to build a stronger portfolio.
There are various patent quality metrics used for ranking of patents. However, the purpose behind ranking or segmentation is an important factor for deciding ranking parameters.
Some factors that have been found useful include:
- Forward Citation Velocity
- Technology Coverage Score
- Count of Family Members
- Jurisdiction Coverage
- Independent Claim Count
- Age of the Patent
Scoring patents based on defined parameters, gives a clear discrimination between powerful patents that are worth analyzing further (for infringement analysis) to produce claim charts, and those that are not. You’d often come across custom methodologies that help you drill down and derive valuable insights from huge portfolios. There are various ways to visualize and analyze data through dashboards, and arrive at an effective segmentation – patents associated with products, defensive patents, un-used or weak patents and more.
PatentsKart – Helping you Build a Smarter IP Portfolio
PatentsKart is a team of seasoned patent researchers who have been successfully examining and managing patent portfolio of several clients, while providing them with expert guidance and advice for years together.
Besides portfolio ranking and segmentations, we have been instrumental in enabling our clients to build their successful IP strategies. Our exclusive and advanced patent research methodologies, and tailor-made analytics dashboards help businesses find the patterns behind the numbers and acquire a competitive edge.
Connect with us to learn more: firstname.lastname@example.org