Table of content

• Patent Analysis Process
• Technological Strength
• Commercial Potential
• Legal Strength
• Patent Value
• Patent Analysis Methods
• How Does The Patent Matter In Today’s Market?
• Final Insights

A Patent analysis permits you to understand the weaknesses and strengths of a patent in a more profound manner. Revamped part of all your patent portfolio can be addressed to a particular piece of an IP strategy, which includes buying and selling of intellectual property or in few cases pruning or renewing a patent.

The IP analysis can also be a part of biz assessment, which includes SWOT- Strength, Weaknesses, Opportunities, Threats. Well, the good news is patents can be analyzed in your own portfolio, on the other hand patent analysis allows you to receive insights into your competitors' shielded technologies or patents.

Patent Analysis Process

Analyzing a patent lets you look at it from diverse perspectives, receiving deeper insights or apprehension of its potential. Moreover, the patent analysis process uncovers multiple insights.

Technological Strength

Highly novel objective when combined with par patent language, which results in technologically prime patents that renders competitive perks. On the other hand, novelty should be ensured in the process of innovation, the ongoing patent insights consents to remain confident in IP’s potential throughout its life.

Commercial Potential

 Every protected invention is patented for instant commercial gain. A patent may represent an opportunity for a product phase, or licensing deal at any point throughout its lifetime. Minimizing analyzing intellectual property for commercial sturdiness can focus on new opportunities. as well as recognize patents that don’t require ROI anymore.

Legal Strength

 An invention provides your organization commercial and a competitive perk, if the related patent is not valid and enforceable, it renders legal protection. Understanding the extensiveness of patents enforceability can assist you decide whether or not to pursue infringement lawsuits, legal actions and licensing deals.

Patent Value

Altogether novelty, innovation, potential profit, portfolio strategy and legal value enables an organization to predict the value of a patent. Such elements contribute to a patent’s value, individually and as a part of a strategic IP portfolio. A thorough patent analysis can provide insights into each of the elements.

Patent Analysis Methods

Reviewing each of these elements for all of your patents manually would be time prohibitive, even for a business with a relatively small IP portfolio. Instead, an objective, AI-backed patent analysis method delivers insights quickly for faster decision making.

Overall strength, litigation risk, monetization potential, new technology value, and patent quality. These objective benchmarks reflect the patent analysis process and offer a comprehensive overview of a patient's strengths and weaknesses, either alone or as part of a strategic portfolio.

How Does The Patent Matter In Today’s Market?

A well-known fact states that a majority of patents are not worth it and 97% of all patents never recoup the price of filing them. Also that figure has been floating around for years.

It's extremely difficult to quantify the true value of an invention and how costs are recouped. Indeed, some debate that the business model of technology transfer is actually to ‘create impact.

In simple words small businesses and startups don’t have the financial resources and time to defend their intellectual property. Definitely one may be able to deter others from working around by building a ‘wall’ of intellectual property around your technology. But most patents are written far too narrowly for that to be the case. With a little effort, they are easily worked around.

Final Insights

It is not the mere possession of a patent that enables start-ups to become successful. The insights mentioned here are a way of tipping the scales in your favor.