Patents would be the largest supply of technological information. Patent receive towards the inventor in exchange because of its innovation by means of the exclusive right from the monopoly for twenty years in the priority date from the invention. Because of advancement within the IT sector and internet, now these valuable documents have been in the achieve of everyone. Anyone skilled within the art will go through various patent databases after searching can acquire the patent document of the need. There are various patent databases viz, USPTO, EPO, JPO, etc freely open for that public access. When we feel the patents associated with a particular technological area, we can discover the plenty of details about the existence cycle from the technology viz.,
o transformative road to a particular technology,
o technological development,
o technological diversification,
o technology merges,
o major players in specific technological area,
o tips from the specific technology,
“The Planet Ip Organisation (WIPO) says 90% to 95% of all of the world’s inventions are available in patented documents.”
Patent analysis can reveals very valuable informations, which isn’t available anywhere. After patent search the important part may be the patent analysis, and something need to be very concise regarding their purpose of the research. The data within the patent documents may be used in various form based on the need and mapped accordingly to see what i mean from the entire analysis in snapshots.
Patent data can be used as the preparation of technological landscapes. Logistic mathematics and circle mathematics can be quite helpful within the plotting from the technological landscape. It may reveal the transformative trend of the technology, how it’s started out a fundamental technology, combined with the duration of the technological diversification and it is nature. These maps may also provide the detailed summary of the merging from the different technologies to produce break-through technologies. These kinds of maps can be really helpful for that R&D personals to judge the positioning of the research and technology, as well as will discover method to more innovate more complex and valuable technology.
Within the today’s global context firms have to know what technologies can competitors choke easily, and could be trying to. They should also be aware of spaces in technologies where levels of competition are intense, and also the places that competition is concentrating their IP development as well as their R&D efforts. They should be in a position to track patent acquisition and development strategies and chart the competitive landscape. To judge technology prior to making any financial commitment, firms have to know the interest rate of patenting activity within the technology, which patents embody fundamental ideas within the technology and just how vulnerable the firm’s technology is to patent infringements. This gives them necessary information in deciding between technology development and technology acquisition.