Visual Patent Analysis – What and Why?
Visual analysis is a powerful method to address challenges posed by patent information overload.
For companies it is critical to detect white-spaces and patent minefields early in the R&D cycle each of which can perhaps generate or save millions of dollars at a later stage. Traditional graphs and charts are good for displaying the results of an analysis activity but not for quickening and improving the analysis process.
Role of Patent Analysis in Business Strategy
Patent Analysis helps in getting an overview of the technologies the competitors’ are working on.
White Space Analysis using Patent iNSIGHT Pro
Many Technology and IP managers today look at white-space analysis as one of the key methods for strategic product innovation.
• Refine research direction by finding new areas for innovation and exclusivity
• Enhance product-patent portfolio. Broaden scope of existing patents by locating spaces around your patent positions which should perhaps be included in your claim coverage
In Patent iNSIGHT Pro you can use a combination of user defined categories and co-ocurrency analysis to conduct detailed white space analysis.