Patents are the largest source of technological information. Patent are given for the inventor as a reward for its innovation in the form of the special right of the monopoly for a period of 20 years from the top priority date of the invention. Due to advancement in the IT industry and internet, now these valuable documents are in the get to of the general public. Any person skilled in the art can go by means of various patent databases and after a search can get the particular document of their need. There are different patent databases viz, USPTO, EPO, JPO, etc freely open for the community access. If we go through the patents related to a specific technological location, we will be able to find the lots of information about the life cycle in the technological innovation viz.,
- o evolutionary path of a specific tech,
- o technological development,
- o technological diversification,
- o technology merges,
- o major players inside specific technological area,
- o key points of the specific technology,
“The World Intellectual Property Organisation (WIPO) revealed that 90% to be able to 95% of all the world’s inventions can be found in patented documents. inches
Patent analysis can reveals very valuable informations, which is not available anywhere. After patent search the crucial part will be the patent analysis, and one have to be very concise about their aim of the study. The information in the patent documents can be utilized in numerous form according to the need and mapped accordingly to get the photo of the entire analysis in snapshots.
Patent data can be utilized for the preparation of technological landscapes. Logistic mathematics and even circle mathematics can be very useful in the plotting of the scientific landscape. It can reveal the evolutionary trend of a concept, how it is evolved from a basic technology, along with the period of the particular technological diversification and its nature. These maps will also supply the detailed overview of the merging of the different technologies to offer rise to break-through technologies. These types of maps will be very great for the R&D personals to evaluate the position of their research together with technology, and also they will find way to more innovate more advanced and valuable technology.
In the today’s global context firms need to find out what technologies can competitors choke easily, and may end up being attempting to. They also need to know the spaces in technologies just where competition is intense, and the areas where competitors are mentally focusing their IP development and their R&D efforts. They need to manage to track patent acquisition and development strategies and graph and or chart out the competitive landscape. To evaluate technology before making any investment decision, firms need to know the pace of patenting activity inside the technology, which patents embody fundamental ideas in the solutions and how vulnerable the firm’s technologies are to patent infringements. This will give them much needed information in deciding between technology development and technology acquisition.
The ability to extract relevant details from patent literature is a crucial success factor for any person involved in technological innovation. The technology mapping technique’s that can be used to rework patent information into knowledge that can influence decision-making.
Patents are an important source of technological intelligence that companies are able to use to gain strategic advantage. Technology Intelligence is a can be used regarding gathering, analyzing, forecasting, and managing external technology relevant information, including patent information. Computational patent mapping is actually a methodology for the development and application of a technology knowledgebase for technology and competitive intelligence. The primary deliverables regarding patent mapping is in the form of knowledge visualization through surroundings and maps. These maps provide valuable intelligence in technology evolution/revolution, nature of various types of pioneering; big; natural; and emerging players, state-of-the-art assessment, etc .