Patents are the biggest supply of technological information. Patent are given to the inventor as a reward for its innovation in the form of the exceptional correct of the monopoly for a interval of twenty years from the priority date of the invention. As a result of advancement in the IT sector and internet, now these useful records are within the reach of most people. Someone expert in the artwork can go by means of quite a lot of patent databases and after a search can get the patent record of their need. There are different patent databases viz, USPTO, EPO, JPO, and so on freely open for the public entry. If we go through the patents concerning a specific technological field, we will be capable to search out the tons of knowledge in regards to the existence cycle of the technological innovation viz.,

o evolutionary direction of a unique technology,
o technological development,
o technological diversification,
o technological know-how merges,
o fundamental players in precise technological field,
o key aspects of the exact technology,
“the sector intellectual Property organization (WIPO) published that 90% to ninety five% of all the world’s inventions will also be observed in patented records.”
Patent analysis can exhibits very useful informations, which isn’t on hand wherever. After patent search the central section is the patent evaluation, and one must be very concise about their function of the be trained. The know-how in the patent documents can be utilized in one of a kind type according to the necessity and mapped for that reason to get the snapshot of the whole evaluation in snapshots.
Patent information can be used for the guidance of technological landscapes. Logistic mathematics and circle arithmetic may also be very useful within the plotting of the technological panorama. It will possibly expose the evolutionary development of a technology, how it’s evolved from a basic science, together with the interval of the technological diversification and its nature. These maps will also provide the certain overview of the merging of the extraordinary applied sciences to present upward push to break-via applied sciences. These varieties of maps can be very useful for the R&D personals to assess the position of their study and science, and also they’ll to find strategy to extra innovate extra developed and priceless technology.
In the state-of-the-art world context corporations have to understand what applied sciences can rivals choke with no trouble, and may be trying to. They also need to know the areas in technologies the place competition is excessive, and the areas where rivals are concentrating their IP development and their R&D efforts. They ought to be competent to track patent acquisition and progress strategies and chart out the aggressive panorama. To evaluate technology earlier than making any investment decision, organizations have to understand the percent of patenting activity in the technology, which patents embody foremost suggestions within the technological know-how and the way vulnerable the corporation’s applied sciences are to patent infringements. This may increasingly provide them much needed know-how in finding out between technology development and technology acquisition.
The capacity to extract significant know-how from patent literature is a critical success element for someone concerned in technological innovation. The science mapping method’s that can be used to convert patent knowledge into knowledge that may influence selection-making.
Patents are an essential source of technological intelligence that firms can use to gain strategic abilities. Science Intelligence is a can be utilized for gathering, examining, forecasting, and managing external science associated information, including patent information. Computational patent mapping is a strategy for the development and software of a technology knowledgebase for technological know-how and aggressive intelligence. The fundamental deliverables of patent mapping is within the type of potential visualization via landscape and maps. These maps furnish priceless intelligence on technology evolution/revolution, nature of various forms of pioneering; gigantic; pure; and rising players, brand new assessment, and so on.
These varieties of technological maps will show to be a priceless multiplier in R&D and commercialization events, in various approaches together with the next:
o developing additional insights in accordance with strategic standards and coverage formula in the institution
o Forecasting and determining technological pursuits and traits in the enterprise
o aiding in the visualization of substitute progress and progress paths available to the institution
o Enabling pre-emptive recognition and action on talents licensing opportunities
o determining potential companions and customers
o determine technological know-how discontinuities and areas of opportunities of their chosen applied sciences
o monitor and evaluate the technological system of opponents and advantage competitors
o aid decisions on foray and investment into distinctive applied sciences and sub-applied sciences
o Surveillance of technological progress of opponents as good as to alert oneself to new entrants to the discipline
o spotting of white areas or opportunity areas within a dense technological area
o creative tool to simulate new ideas and create new IP
o Complementing corporate IP submitting approaches
o aid science proposals for significant scale countrywide and worldwide stage projects
o help investment and technology due diligence on companies
Patent mapping can be an critical part of IP management. It can uncover priceless expertise hidden in patents and may provide useful indications for technical tendencies, market tendencies, opponents changes and technological profile and innovation competencies of a company. Patent maps are visible representations of patent know-how that has been mined and aggregated or clustered to spotlight targeted aspects. There’s a high measure of flexibility in visualization, which is also within the form of time-series or as spatial maps. We furnish a extra market and technological know-how oriented analysis of the entire set of patent portfolio belongings by way of our patent mapping offerings. Patent mapping can be used to ascertain the great of patents with admire to prevailing technological know-how and the extent to which patents impact the technology. This can be a priceless input in technological know-how sourcing/progress and R&D selections. Patent mapping may also be critical for each corporations which have an underneath-utilized patent profile and are watching to license/assign it at the most favorable phrases, as good as to firms which might be looking at developing patent portfolio force in a targeted technological discipline.
Mere discipline specialization will not be ample for this, however analytical pondering and improvements are very major. In these days plenty of software resources are available for mapping the patent knowledge, however virtually all are restrained to bibliographic informations. The computer work are not able to be compared with that of human intelligence. Patent mapping requires many competencies. First and fundamental amongst these is an capability to comprehend the complicated scientific ideas protected by way of the patents themselves. Although it is possible to create a patent map by using analyzing the relationships between patents without figuring out the field subject, this type of map is generally vain and wants to be sophisticated by way of any one who understands the intricacies of the certain scientific self-discipline that’s the basis of the invention. Consequently, I anticipate that the necessity for people with scientific (and engineering) abilities in the field of patent mapping is on the increase. That is why at present tons of KPO firm are watching for the correct man or woman and there is a massive demand in these days, in order to absolutely develop within the close future