In the present competitive world, technology has become the most significant competitive weapon of enterprises. This weapon results from high inputs at work, cost and infrastructure and is also proprietary in nature. Acquiring competitive advantages are just possible through innovation and intelligent implementation of technology as marketable products and services.
Patents information behave as bullets because of these weapon. Patent information is widely getting used in corporate sector for informed decision-making and lowering the risk and uncertainty associated with Research & Development plans.
But this great source in details are not traditionally used by researchers and scientist generally in most of the research organization, especially in developing countries. Just about all research organization refers back to the scientific journals and research publication since the main way to obtain new technical information. Based on which their project plan and all other task depends. Thus, intelligent selection and prioritization of research projects, together with long-term tactics framework is important to lessen the failure risk. However these jobs are difficult, and need understanding the next fields of technology management: technology identification, distinguish among present, part and future technology, technology forecasting, technology assessment, technology monitoring and technology mapping. This info could be further employed for the formulation of technology strategy.
Patent analyzing can reveal the next information, that you can use for making strategic making decisions:
Technology trajectory to follow the evolution path of any particular technology.
Detection of research focuses of top competitors in different technological fields and forecast their future trend
Acquire invaluable information about past, current and future research possibility in the particular technology domain.
Identify and monitor key competitor's specifically technical field, to calculate future research trends and identify technology gaps in new fields.
Identification of potential licensors with technologies of interests.
Analyzing technical and legal information of related patents, before triggering the negotiation tactic to transfer of given technology, can boost the bargaining energy research institutes as technology transfer.
It will also help in getting technical information
Avoiding duplication of research
At early stages, patents analysis may help in generating tips for new innovations.
Finally the 18-month lag between filing and publication of inventhelp intromark as well as different time of patents; it's the most organized and straightforward accessible and freely available technological information source. Expert analysis and make use of of patent information can help you armed with the competitive technology to get market supremacy.