Unlocking Innovation through Patent Classification
Whether you are trying to understand the competitive landscape, benchmark against it, review your portfolio, explore monetisation options or perform due diligence. It’s unrealistic to be able to read them all to find out.
Cipher can help.
IBM says that 90% of the worlds data has been created in the last 2 years
There are 89m patents in the world
In 2019 3.8m new patents were filed, up 35% from 2016
Because manually classifying patents is too painful.
Cipher was created to automate the manual process of sorting, tagging and classifying patents to your view of the world.
With Cipher’s Custom Taxonomies, you are able to see the world through your own technology lens.
Machine learning is a way to achieve human-like results, by training algorithms how to perform complex tasks instead of explicitly coding them.
Gmail have stopped 99% of spam through Machine Learning.
How can we see if the
Cipher Machine Learning algorithm
performs when classifying patents?
This is what we did to test the Cipher algorithm:
1. The patents from the data sets were manually sorted
2. A small section of the data sets were used to train the Cipher algorithm, then
3. The results delivered by the Cipher algorithm were compared against the manual results
Cipher hosted a webinar on Developing a Gold Standards for testing the accuracy of the Cipher Machine Learning Algorithm to classify patents in collaboration with Patinformatics LLC. Joined by the Managing Director, Tony Trippe, the webinar covered the following points:
How did Cipher perform in the test to classify patents?
Cipher sorted and classified a data set of 300 and got it 96% right.
Learn about the Cipher Platform
Book a 15-minute exploratory call with our team by viewing their diary and choosing a slot to suit you.
How can I spot differing patenting strategies and trends by geographic region?
How can I use consistent metrics to compare my portfolio against my peers?
How can I understand the litigation risk associated with my industry?
I need to cut patent budgets, how can I prune my portfolio with minimum impact?
Explore other ways Cipher can help you benchmark your patent portfolio.
Cipher’s monthly podcast, Cipher Vision is now into its third season. Each episode has co-hosts Nigel Swycher (CEO) and Francesca Levoir (Head of Marketing) and a notable guest discuss an IP or patents-related topic.
Guests have covered a range of subjects, from valuation and sustainability through to diversity and machine learning.
Cipher Vision episodes are under 25 minutes and are ideal to listen to during a short break or journey.
Ensure you have the right portfolio to meet your strategic patenting objectives.
Understand who’s doing what by automating patent to technology mapping.
Combine patent and revenue data to determine rational licensing outcomes.
Justify patent budgets and communicate the impact of your investment.
Automate manual reviews for efficient execution of M&A and licensing transactions.
Be prepared with evidence to create a fast and effective threat assessment.
Assess your portfolio in comparison to other owners through your technology lens.
Identify opportunities to create value through licensing or sale of patent assets.
Track new technologies and discover the unknown owners of future innovation.
Understand the materiality of your threats to define your risk mitigation strategy.
Speak to the Cipher team today.
