Using the Patent Asset Index for Patent Portfolio Benchmarking

The Landscape of Machine Learning from a Patent Perspective

November 4, 2019

In business, much like in any other competition, it is imperative to keep your competitor’s progress in mind while making decisions for the future. Benchmarking has been a proven method for this. A major issue that decision makers face with organizational benchmarking is that if the right targets are not set, your organization runs the risk of achieving mediocre or unintended results. This is true for all the metrics that are benchmarked, as is the case with the value of patent portfolios, so patent portfolio benchmarking is needed

The Patent Asset Index part of LexisNexis® PatentSight®, has been developed based on extensive scientific research. Based on our model, the value of a patent is assessed by measuring two main quality indicators, Technology Relevance, and Market Coverage. These values are scientifically calculated and further adjusted, by considering various dissimilarities, to ensure overall uniformity and reproducibility.

In this white paper, we compare active patent numbers and revenue generated from Intellectual Property, of IBM and Qualcomm – two of the leaders in the IT industry. By using the PatentSight® business intelligence platform to conduct patent portfolio benchmarking it becomes obvious why an in-depth analysis of patent information is irreplaceable when benchmarking the best practices in IP management.

Read the full patent portfolio benchmarking white paper

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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