Patent Classification
Define your view of the technology area you operate in with Classification powered by Cipher.
Bring clarity to innovation by exploring the world of Patent Classification. Discover how the power of machine learning can help you to gain valuable insights for your IP strategy.
Why Classification?
In order to effectively manage your patent portfolio, it is crucial to have a comprehensive understanding of the technology areas in which you operate. This knowledge allows you to analyze your competitors, compare your performance against theirs, and optimize your portfolio accordingly.
To achieve this level of understanding, it is necessary to develop your own definition of the technology landscape. You can utilize Classifiers to obtain a comprehensive view of this landscape without having to manually tag patents or construct complex boolean queries. This is an essential tool for any IP team, as it ensures that no key patents are overlooked.
What is Classification
With 44+m active patents, how can you zone in on the patents that are relevant to the technology areas you operate in? By building a classifier that is defined to your technology area will allow you to do this.
LexisNexis PatentSight+ uses Classification powered by Cipher, which uses AI to read all the 44m+ patents globally and pull the relevant patents into your classifier. The classifier is defined by you and the machine does all the hard work of going and finding the right patents. The machine can read more than 60 million patents an hour and looks at 200,000 data points in the patent.
How does Classification work
Firstly, you define the scope of the technology area for your classifier.
Secondly, the classifier is trained by using a training set of patents that should be in the classifier and those that shouldn’t be included.
Thirdly, you review and use extra information such as similar families or suggestions to refine the classifier.
Finally, you evaluate the results and build your patent landscape and report in PatentSight+.
Classification powered by Cipher is used by many companies
LexisNexis Cipher has built over 9000 classifiers for Patent owning organisations and they are all actively using their view of the technology space to proactively manage their patent portfolios.
LexisNexis Cipher Essentials
On-Demand Webinars
Please fill out the form with your details, and we will get in touch to schedule a demo.
We are excited to show you an alternative to manually tagging patents and building long boolean queries to get your view of the technology landscape. With the automated classifiers, you can:
- Pull through all the latest patents in the technology area
- Analyze the results to understand new technology trends
- Benchmark your portfolio against your competitors
- Optimize your portfolio for monetisation or risk management
Submit the form, and we’ll be in touch.
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