Are you fully realizing the hidden value in your patent portfolio? If you are not using patent analytics for portfolio and prosecution management, there is a possibility that the answer is no. Analytics can help you unlock hidden value by leveraging the data in your portfolio. Through this data, you can identify new avenues in which you can gain an advantage over your competition, determine the best strategies based on business value of your applications and even uncover new ways to get your applications to allowance more efficiently.

1. Discover Your Market Advantage

One way analytics can uncover hidden value in your portfolio is by tracking your competitor’s patent applications. Tracking a competitor’s applications can help you identify undiscovered footholds where you can expand your portfolio to create a market advantage. For example, by being able to predict what tech sector your competitors are focusing their resources on, you may be able to identify adjacent but unpursued tech sectors where filing applications would provide you with a competitive edge.

2. Find the Best ROI for Your Portfolio

Another way analytics can uncover hidden value in your portfolio is by identifying areas that give you the best return on your prosecution investment. You can easily pinpoint what art units are your best performing art units, and which applications can make it to allowance quickly with minimal cost of prosecution. Additionally, by being able to track the performance of your applications, you can eliminate applications that carry a high prosecution cost and are unlikely to make it to allowance. By freeing up the resources used to prosecute low business value applications that aren’t likely to grant, you can reallocate more time and money to high business value applications, decreasing your risk of wasted efforts while simultaneously increasing return on investment.

3. Reveal New Paths to Allowance

Perhaps most importantly, analytics can uncover hidden value locked in your portfolio by revealing new paths to allowance for applications during prosecution. While traditional metrics, such as art unit allowance rates, can provide insight into an application’s likelihood of allowance, new metrics, such as the average number of office actions before an examiner, can provide an even deeper and more nuanced understanding of the best way to get your application allowed. Additionally, you can see how certain elements of the prosecution process, like examiner interviews, can have a surprisingly large impact on the outcome. Moreover, information gained from analytics can be used to influence how you draft applications. For example, by digging into the art unit history of your application, you can identify the most common examiner rejections and draft your application with those in mind. This can increase your application’s chance of success even before the prosecution process begins.

These are just a few of the ways patent analytics can find hidden value in patent portfolios. LexisNexis PatentAdvisor® provides patent professionals with countless ways to analyze the data in their portfolio in order to enhance their prosecution outcomes and increase the value of their IP holdings.

LexisNexis PatentAdvisor®

Two-Day Trial

Get to know your examiner better with more context and a deeper understanding of your examiner’s behavior than ever available before.

With your free trial, you will gain instant access to:

Examiner Search allows you to search by examiner name for a filterable, examiner specific dashboard of patent analytics, including rejection specific statistics, appeal statistics, prosecution statistics, interview statistics, a backlog of RCEs and timeline.

QuickPair easily replaces the USPTO Public PAIR by providing the most robust application details anywhere, including examiner timeline, examiner allowance rate and the average time and number of office actions to allowance.

PatentAdvisor, the first-ever data-driven patent strategy tool, provides a systemic approach to crafting an effective prosecution strategy. Understand why certain patent applications take longer than others to reach allowance—then use that knowledge to devise better patent prosecution strategies.

Free Trial

Related Content

Setting the Tone of Prosecution with Patent Analytics There is no perfect formula for prosecuting a patent, but there is plenty of information out there that can be used to help anticipate a patent examin...
Patent Litigation and “The Ice Cream of the Future” Dippin’ Dots are enjoyed around the world. The delicious ice cream pellets can be found most commonly at amusement parks and have been known to hit th...
Webinar Recording: Prosecution Data for Profit: Five Tips for Making the Most of Prosecution Analyti... Listen as Megan McLoughlin, product director of LexisNexis PatentAdvisor® introduces you to some of the ways that more data savvy practitioners are us...

By continuing to use the site, you agree to the use of cookies. Cookie Policy

이 웹 사이트의 쿠키 설정은 "쿠키 허용"으로 설정되어 최상의 브라우징 환경을 제공합니다. 쿠키 설정을 변경하지 않고 이 웹 사이트를 계속 사용하거나 아래의 "동의"를 클릭하면 동의하는 것입니다.