LexisNexis® IP has made its full-text patent data accessible within LexisNexis PatentSight for advanced patent analytics, revealing valuable insights for strategic IP management.
HORSHAM, PENN May 10th, 2019 LexisNexis IP is happy to announce the integration of its comprehensive full-text patent data into LexisNexis PatentSight, a premiere patent analytics solution. Customers of PatentSight® business intelligence solution can now access:
- Over 100 million patent documents in English
- Approximately 700 million drawings and images of inventions
- Nearly 100 million PDFs that are searchable (OCR) and fast to download
PatentSight evaluates worldwide patents using a scientifically developed proprietary methodology, the Patent Asset Index™. This method helps identify high value patents from less important ones, a prerequisite for reliable patent analysis. With PatentSight patent portfolios of competitors, suppliers, customers, areas of technology and new market entrants can be analyzed to identify opportunities and threats. In addition to the full-text search feature, PatentSight comes with a Similarity Search tool, which uses Artificial Intelligence to find similar patents. A lot of predefined trendsetting technology fields such as Autonomous Driving, Blockchain, Machine Learning, Robotics and others are directly accessible in PatentSight.
Because of its innovativeness PatentSight business intelligence has been nominated as finalist in the Best Big Data Reporting & Analytics Solution category at the renowned CODIE Award.
“The integration of full-text data into PatentSight will efficiently streamline the workflow process for patent departments, R&D, innovation center, law firms, investment companies, and other patent-driven companies. There will be no need to switch between multiple software tools. Customers will find the patent search information matched with the analytical tools needed to make the right strategic decisions.” said Ethan Eisner, President of LexisNexisIP/Joe Froehlich Vice President and Managing Director of Global Commercial Markets.
Nils Omland, founder and CEO of PatentSight added, “We are delighted to offer full-text content; this is just a first step to integrate more valuable content from LexisNexis into our solution. This will give us the opportunity to continue developing tools that provide unique, reliable and relevant insights into the patent landscape and take patent analytics to the next level.”
About LexisNexis Intellectual Property
LexisNexis IP is the provider of best-in-class information-based solutions and services to meet the broad needs of the global Intellectual Property market. Our customers include the U.S. Patent and Trademark Office, IP-driven companies and law firms across the globe. The corporate culture is driven by a commitment to excellence, innovation, and a strong dedication to its customers, employees and community. LexisNexis IP is a division of Reed Tech, a LexisNexis company. Reed Tech has been recognized as an innovator in the patent arena and has electronically captured and prepared for publication two-thirds of all U.S. patents ever granted by the U.S. Patent and Trademark Office (USPTO).
About LexisNexis Legal & Professional
LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 130 countries with 10,000 employees worldwide, is part of RELX Group, a global provider of information and analytics for professional and business customers across industries.