If you’ve ever spent hours building a patent analysis from scratch, hunting for the right filters, and wondering if you’re missing a key insight, this article is for you.
LexisNexis® PatentSight+ introduced a set of new features that deliver AI-powered insights, acting like a smart analyst embedded in your workflow. Simply describe your goal, such as “Show me Company X’s innovation trends” or “How can I reduce costs?”, and the system takes care of the rest, generating tailored visualizations and interpreting them on the spot.
Whether you’re optimizing portfolios, evaluating targets for M&A, or assessing SEP licensing potential, the new AI-Powered Analysis Builder and AI-Powered Insights make it faster and easier to extract meaning from data.
“We need a cost breakdown by the end of the day.” You’ve heard it before. A senior leader wants to understand how to reduce the company’s patent spend, fast. So, you open your patent analytics solution and start crafting a search manually that could take hours to perfect. Now, there’s a faster route to those insights.
With the new AI-powered features in LexisNexis PatentSight+, all it takes is a simple prompt, “How can I reduce costs?”, and you’re on your way. The AI-Powered Analysis Builder interprets your objective, suggests the right charts, and delivers a structured view of the portfolio. Moments later, the AI-powered insights pinpoint low-value assets incurring high annuity fees. These are easily copied into a presentation, and now you’re ready for that 4 p.m. call.
Analyses with PatentSight+ aren’t just faster, they’ve become more strategic. Whether you’re managing risk, scouting targets, or comparing innovation pipelines, the AI-Powered Analysis Builder delivers instant answers to your questions.
The AI-Powered Analysis Builder enables:
Each chart in PatentSight+ now includes an AI-generated sidebar summary that explains what you’re seeing and what to consider next.
For example, continuing on the earlier example of looking for cost reduction possibilities in a company’s portfolio, using the prompt “How to reduce costs?”, the AI-Powered Analysis Builder returns a breakdown of the portfolio by patent quality percentile. The AI-powered insights then highlight a group of low-quality patents with long remaining lifespans and high annuity fees. These are flagged as candidates for pruning, helping the IP team contribute to cost-saving initiatives by reducing unnecessary maintenance costs.
Or, for example, you can review Company X’s geographic protection profile using a bar chart in PatentSight+. The chart ranks portfolios based on overall quality as measured by Patent Asset Index. Here, AI-powered insights may highlight:“Company X has recently shifted filings to emerging Asia-Pacific jurisdictions, suggesting a possible strategic pivot. Consider analyzing tech class distribution over time to validate this trend.”
These insights provide:
From R&D planning to IP monetization, AI-powered features unlock new speed and depth:
PatentSight+ now does more of the heavy lifting, so you can focus on the decisions that matter. Log in to PatentSight+ and start your analysis today.
Don’t have access to PatentSight+? It’s only a click away. Contact us here to get a demo of the AI-powered features and a customized view of your patent portfolio in PatentSight+.
Yes, all AI interactions are processed through a private OpenAI service hosted in Microsoft Azure and provisioned exclusively by LexisNexis IP. Your inputs and outputs are:
No. The AI-powered features — including AI-Powered Insights and the AI-Powered Analysis Builder — are part of the standard PatentSight+ experience. There’s no need for add-ons or upgrades to access them.
It enables you to express your analytical goal in plain English and instantly receive suggested charts, tables, and narrative insights – tailored to your intent. This significantly lowers the entrance barrier for users – especially occasional and new users.
Outsourcing is simply asking other humans to manually tag and sort patents. In a world of over 100 million patents, efficiency requires automation. PatentSight+ uses AI and machine learning to achieve the required level of accuracy but without human intervention. Less perspiration, more time for inspiration.
