Why the Cipher platform is ideally suited to help you with all aspects of your patent portfolio.
Cipher has produced a number of reports, hosted industry webinars and carried out a major survey on the subject of patent risk. Whether it’s risk mitigation, or the broader need for risk management, Cipher’s classified patent data will meet your needs to analyse and implement a robust IP strategy. Classified patent data around your technology areas, allows you to assess the material patent risk to your organisation and develop mitigation strategies.
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Risk mitigation is the primary reason for having a patent portfolio. It is essential to understand where risks lie, how to quantify and communicate the material impact to your wider organisation.
Cipher provides a solution for risk assessment and mitigation by:
Over 90% of survey respondents identified the building of a strong portfolio as the best way to mitigate risk. Other strategies include contracts with suppliers and customers (65%) and licences and cross-licences (61%).
The crucial first step in risk analysis is the identification of potential threats.
Where are those threats more likely to come from? Cipher takes the following approach to identify threats:
Once you have your threat list, you can quantify the potential risk posed in monetary terms to your organisation.
You can then quantify how different mitigation strategies will materially reduce your risk. You also face increased risk in the longer term as your organisation grows and gains market share. Cipher can help you assess your risk exposure in the longer term to ensure this is part of your IP strategy .
This example uses the Cipher Universal Technology Taxonomy and a spoof company, Mars. It demonstrates how you can mitigate operating company risk and estimate the risk mitigated by its patent portfolio in dollar terms.
Cipher has created a 5 step risk management process. This framework would help you to put together a robust strategy for your business.
Cipher conducted a global survey and the key findings show, that nearly half of patent owners have a risk matrix or framework. However, they only use it when there is a significant issue.
The report covers:
What information best conveys to the CTO and CFO the value delivered by our patent portfolio?
Many companies cannot point to direct licensing revenue. There are, however, established ways to link the cost of your portfolio to the quantum of patent risk mitigated. Executives are alive to the substantial risk of paying away substantial royalties. Explaining the relationship between your patents and the ability to neutralise threats plays well before this audience.
How can I prepare my organisation for the patent risks ahead?
Many organisations use economic models (such as the Cipher Optimisation Model) to develop a patent strategy that anticipates and mitigate the risk posed by owners of ‘relevant to technologies’ you deploy.
Erik Oliver, COO, Richardson Oliver Insights
Our friendly team is on hand to discuss your IP challenges or to learn what issues you are facing in managing your patent portfolio.
Instantly book a 30-minute exploratory call with our team by choosing a calendar slot to suit you, in your preferred time zone.
What are the top areas of risk to your business? Use Cipher to understand where you may over or understocked versus your competitors
Categorise and rank the different risk areas. Use Cipher’s Portfolio Optimisation model and Benchmarking dashboard to quantify.
Use a Risk Framework and Cipher model outcomes to propose risk mitigation solutions to the C-Suite.
Measure the effect of risk mitigation strategies and amend as a new risk arises
Speak to the Cipher team today.
