Patents form the basis of a global economic market. The top 10 U.S. patent filing organizations alone invested $62 billion in R&D efforts in 2014. Clearly the leaders of these companies—often technology-driven—see the value in investing in innovation, but how are they ensuring that they can continue to increase their patent portfolios without significantly running up costs on applications that don’t get approved?
“Obtaining and protecting intellectual property rights is no longer optional,” says Ballai, “it is a strategic necessity for business.” Do you agree? Feel free to chime in on the discussion on LinkedIn.