Why Cipher Created the Universal Technology Taxonomy (UTT)
How we delivered an insight into all the world’s patents at a technology level.
The background to the UTT’s creation
Classifying every patent in the world into manageable, sensible groupings would be helpful to many working in patents and intellectual property.
With this level of access and transparency, you can compare companies and technologies objectively and consistently.
The growth in a modern economy is driven by investment in innovation, and by disruptive technologies. Patents are a great way to track these new technologies.
Viewing the world through a patent lens provides insight into an underlying technology and an organization which owns it.
Is there anything that could deliver that insight into all the world’s patents at a technology level?
Don’t get fooled that CPC codes could give you this answer, there are over 300,000 of these – too many to get your head around or to provide any form of meaningful comparison.
Our solution – the world’s first Universal Technology Taxonomy
The UTT is the first to map global patent data to a defined set of technology areas. The guiding principles that drove the design are:
- Accessibility – achieved by having a manageable number of classes
- Relevance – as the classes are constructed from active patents, with broadly similar coverage for all technologies
- Speed – responding to the issue that patent intelligence needs to be faster and more expensive to create. Cipher’s UTT results are instant.
The Universal Technology Taxonomy delivers against the need to know what’s going on from two fundamental perspectives.
- What technologies does a company own, and how do other companies compare?
- Global and regional trends relating to one or more technology areas.
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