Innovation Management in Times of Crisis

June 18, 2021

Innovation Management in Times of Crisis

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Crises like the COVID-19 pandemic affect corporate decision-making related to R&D management, technology scouting, and other innovation management activities. Decision-makers need to act quickly but often rely on ad-hoc decisions or even gut feelings when drafting their crisis response strategies. Learn how you can rely on objective patent data from LexisNexis® PatentSight® to make better decisions during times of crisis, circumvent budget constraints, generate an additional budget, or achieve cost savings. We will also discover how patents may be used to detect key biotechnology firms that are likely to successfully develop treatments and vaccinations against pandemics like COVID-19.

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Provide actionable insights to support strategic decision-making

Effectively communicate the value of your IP with powerful insights and visualizations, enabling you to turn your patent department into a strategic consulting unit.

Taking patent analytics out of the ‘black box’

With LexisNexis® Intellectual Property Solutions, you benefit from a highly transparent scientific approach to patent data analysis. Forget opaque algorithms and analytics ‘black boxes’, we can show you exactly how we reached at our insights. Patent analytics solution, PatentSight®, is built on the foundation of ground-breaking validated research, which is often cited in leading scientific publications.

Brought together in the patent value indicator, the Patent Asset Index™, this objective approach to assessing patent quality and benchmarking patent portfolios has become a de facto standard in measuring portfolio strength.

High-quality data: a prerequisite for reliable patent analysis

LexisNexis Intellectual Property Solutions validates and quality-assures patent data by assigning patents to their accurate commercial owners and verifying their legal validity and remaining lifetime.

Superior datasets allow you to unveil valuable patent insights and see clearly who wields commercial power over the inventions that underpin promising patents.

Patent analyses conducted with PatentSight have proven to be more reliable than analyses based on unprocessed patent data.

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