Choosing the right patent software for better results
At the heart of any IP strategy is a combination of resources that helps the rights holders to achieve their goals. Patent analysis requires subject matter experts (SMEs) and is therefore subjective.
To work within the constraints of an IP strategy, a balance needs to be struck between the skills of the experts engaged, the available data and the use of increasingly powerful analytical tools.
Combining SMEs and patent tools
Ideally, an SME is knowledgeable in relevant patent technology and the associated jargon, is familiar with patent practice, and is available to manually conduct all patent and market-related research.
Investing an SME’s time in this manner, however, is costly, time-consuming, and can be impractical. A combination of analytical tools and expert knowledge is usually a more efficient and effective approach.
Many analytical tools focus on patents and can help to create IP value through a wide range of generated types of data. Patent owners should select an IP tool that accounts for and uses all their defined parameters and methodologies, and which ensures that the results provided correlate to their previous experience. The onus is on the end user to determine how to achieve this.
Patent owners should employ a combination of SMEs, data, tools and methodology, and should consider the following:
