Trillion dollar prediction as IP analytics tool arrives
UK company Aistemos has launched an IP analytics tool today (September 18) in tandem with a report that predicts markets for trading patents could potentially deliver trillions of dollars in value.
The tool, called Cipher and previewed earlier this year by WIPR, allows companies to assess the value and risk associated with their patent portfolios. It analyses data relating to patents as well as litigation and licensing.
Aistemos says the product, which is backed by more than 60 organisations including law firms Slaughter & May and Marks & Clerk, is the first of its kind.
Nigel Swycher, chief executive of Aistemos, said Cipher could change the way IP is understood and exploited so that organisations can realise the “enormous value of IP by making better decisions, creating new opportunities and managing risk”.
Cipher’s launch came as an Aistemos report claimed the development of patents as a functioning asset class has reached a critical phase.
Among the findings of the report, entitled The trillion dollar tipping point: Exploiting the untapped value in patents and backed by the UK Intellectual Property Office, are that financial markets now recognise the “substantial” value associated with IP, especially patents.
It added that the surge in IP litigation and the emergence of ‘patent trolls’ represents a move towards rational pricing.
Swycher said: “We are fast approaching a tipping point in the evolution of intellectual property. Over the next few years, we will either see the emergence of rational markets for patent trading, which have the potential to deliver trillions of dollars in value, or an opportunity lost as markets fail to engage effectively.
“If this opportunity is to be realised, patent owners, lenders and insurers must have immediate access to trusted business intelligence relating to patents as the basis for rational decision making, pricing and intellectual property trading.”
