Home > IP Solutions > IP Analytics & Intelligence > PatentSight > Risk Mitigation Risk Mitigation Understand the Patent Risk Your Organization Faces so You Can Mitigate It Patent Portfolios are primarily maintained to mitigate infringement risk. Being able to understand and quantify the risk your patent portfolio mitigates is key to developing your patent strategy. request a MEETING ChallengesMitigate RiskCustomer StoriesFAQsGet in Touch 82% of patent owners think it is likely that they will have to deal with patent risk in the next two years, with 40% saying it is inevitable Patent experts understand patent risk. However, over half of patent owners do not report on patent risk until there is a significant issue. Many reasons are given for this, including the absence of reliable data and the lack of an understanding of patents at the board level. Download The Survey REport Are You Asking Yourself These Questions? What level of risk is my patent portfolio mitigating? How can I demonstrate the risk mitigation value of my portfolio? Can I identify the real threats to my Patent portfolio, especially NPE (Non-Practising Entity) risk? How can LexisNexis PatentSight+ help you with Risk Mitigation? PatentSight+ enables you to make high-value strategic decisions on your patent portfolio to demonstrate risk mitigation. Understand your risk profile through: Data Quality & Coverage To address the challenges with patent data quality, including incomplete owner information and ambiguous legal status. Get more accurate insights by incorporating multiple data types that have been rigorously cleansed, quality checked and enriched. Actionable Insights To more efficiently navigate the complexities of IP and move beyond tactical management of patent portfolios. Increase depth and speed to insights through powerful AI-driven analytical capabilities and proprietary metrics. Impactful Visualizations & Communication Tools To eliminate the perception of IP as a cost center and better communicate its value to the business. Optimize workflows, boost efficiency, and elevate IP awareness and storytelling through powerful visualization tools. LexisNexis PatentSight+ enables High value strategic decisions and is used by 100s of patent-owning organizations . Risk Assessment: Further Reading Management of Patent RiskLearn how patent owners deal with patent risk and why patent risk management is crucial to protecting your organization’s greatest asset.Read more Pulling Back the Curtain: Calculating ROI of Patent PortfoliosMeasure the return on an organization’s greatest and most expensive asset calculating the ROI of patent portfolios.Read more Managing PAE Patent RiskKen Seddon, CEO of LOT Network, shares with us the risks that PAE companies pose to innovation, as well as solutions to this growing problem.Read more Episode 7: Red Hat – Stewarding Open SourceIn this episode we explore how open source and IP fit together and the community around open source innovation.Read more Identify Non-Practicing Entities (NPEs) Patents held by NPEs indicate a potential threat for companies who are citing them. PatentSight+’s unique search filters allow you to quickly identify NPEs and evaluate the size, focus and importance of their patent portfolio. “Cipher (Classification) gave us the ability to understand the technology landscape and was an important foundation layer in creating a strategy for protecting our innovations whilst enabling us to understand how best to deal with others in potential conflict areas.“ Lucy Wojcik,Head of IPOcado Frequently Asked Questions about Risk Mitigation Where will my threats come from? Understand the technology areas you operate in and the strength of competitors and NPEs to have a focus on key threats. How can I view my risk landscape? Use patent analytics to analyse the potential risk you face and then develop mitigation strategies from cross-licencing to joining organizations like LOT Network or taking out IP insurance Which competitors are ‘more’ risky? By understanding the technology areas you operate in and the propensity to litigate by your competitors you can start to put your threats into order. I don’t want to be blindsided – have I identified all the risks? Understand the technology areas you operate in and the strength of competitors and NPEs to have a focus on key threats. Regularly review your threat list as the landscape changes. How can we be risk-ready? Use Patent Analytics to understand your threats and develop scenarios around what you would do if a threat became real. What does a risk mitigation strategy look like? Use patent analytics to analyze the potential risk you face and then develop mitigation strategies from cross-licensing to joining organizations like LOT Network or taking out IP insurance. Jared Engstrom, Head of Patent Development, Red Hat Customer Case Study You need to understand where your risk is as a company – for many companies, it’s tied to your products and offerings and the revenue you generate. Understanding that risk naturally helps you understand where to build fortifications and defenses. Assess Your Risk Profile Now Learn how to profit from sophisticated patent analysis. We would love to get to know you and show you some invaluable insights into the IP landscape: Let’s have a conversation about your current priorities in IP analytics. Get an external view of your portfolio. Learn how others see you and survey other market players from a new perspective. Submit the form, and we’ll be in touch. Risk Assessment: Customer Stories Unlocking the Competitive Intelligence Hidden Within Patent PortfoliosDiscover how Merck KGaA utilizes LexisNexis® PatentSight® to measure and disclose the sustainability impact of its intellectual property by aligning its core business activities with the United Nations’ Sustainable Development Goals.Read more Semiconductor Company Uses Patent Classifiers to Manage Patent BudgetsDiscover how Merck KGaA utilizes LexisNexis® PatentSight® to measure and disclose the sustainability impact of its intellectual property by aligning its core business activities with the United Nations’ Sustainable Development Goals.Read more Ocado on Balancing IP Protection With Mitigation of Patent Risk and ConflictDiscover how Merck KGaA utilizes LexisNexis® PatentSight® to measure and disclose the sustainability impact of its intellectual property by aligning its core business activities with the United Nations’ Sustainable Development Goals.Read more How McBee Moore & Vanik IP Crafts Persuasive Prosecution Arguments Using LexisNexis PatentAdvisor®With LexisNexis PatentAdvisor®, MMVIP is able to leverage key insights to identify appropriate prosecution options and ultimately, build trust with clients.Read more More use cases enabled by patent analytics Become more effective at managing your patent portfolio, identify worldwide relevant patents and technology trends, assess the competitive landscape, find partners and licensing opportunities. R&D and innovation Improve innovation with a clearly defined IP strategy that is connected to the business goals and alerts for new entrants and potential partners. learn more Competitiveintelligence & benchmarking Base decision-making on true patent portfolio strength and quality indicators, while relying on industry proven KPIs to track your competitors’ progress. learn more Portfolio optimization Answer key questions to define international patent filing strategy, increase portfolio efficiency and identify competitive strengths and weaknesses. learn more Disruptive technology scouting Identify disruptive innovations and promising startups with patent analytics to help you gain a competitive edge. learn more Licensing & monetization With analytics on all patent portfolios in all technologies, you can both evaluate your most valuable patents for licensing and even identify potential licensees. learn more
