Every day, a huge number of patents are filed for new technologies. If you have ever wondered which field of technology is developing at a faster rate than any other, then LexisNexis® Classification has the answer for you. Our report on a global view of innovation used our unique Universal Technology Taxonomy to provide a breakdown of the world’s inventions and activity into individual technology sectors.
We estimate that there are close to 25 million protected inventions registered in territories across the world. If we exclude inventions that are registered in China only then the number drops to 7.9 million. Please see the full report for further details.
Cipher’s unique Universal Technology Taxonomy (UTT) takes millions of assets and sorts them into:
The UTT supports data exploration to answer patent search questions. It also demonstrates a range of intelligence for benchmarking, competitor analysis and investment activity.
With relative ease, the UTT can figure out the innovation leaders and laggards in particular area of technology, such as sustainable development.
Learn more about the Universal Technology Taxonomy.
“With improvements in AI technology and other analytics platforms like LexisNexis Classification, today we are able to understand the numbers of patents that are relevant to certain technology areas at a push of a button.” Jeremiah ChanHead of PatentsMeta
“With improvements in AI technology and other analytics platforms like LexisNexis Classification, today we are able to understand the numbers of patents that are relevant to certain technology areas at a push of a button.”
Jeremiah ChanHead of PatentsMeta
Mechanical was the area of technology where the most patents were granted or are pending.
Automotive firms such as Toyota, Hyundai and Volkswagen dominate, creating technologies such as:
Become more effective at managing your patent portfolio, identify worldwide relevant patents and technology trends, assess the competitive landscape, and find partners and licensing opportunities.
Improve innovation with a clearly defined IP strategy that is connected to the business goals and alerts for new entrants and potential partners.
Base decision making on true patent portfolio strength and quality indicators while relying on industry-proven KPIs to track your competitors’ progress.
Answer key questions to define international patent filing strategy, increase portfolio efficiency, and identify competitive strengths and weaknesses.
Identify disruptive innovations and promising startups to help you gain a competitive edge.
Stay one step ahead of your competition, disruptive technologies, important patent activity in China, and/or NPE threats. Efficiently assess the value or risk of acquisition targets.
With analytics on all patent portfolios in all technologies, you can evaluate your most valuable patents for licensing and even identify potential licensees.
