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Technology Trends

Predicting the future through a lens

Patent Technology Trends

Patents are the largest library of scientific information in the world and provides compelling insight into the future outlook for technology. Cipher automates the monitoring of the technology landscape enabling you to track the technologies of today and discover unknown owners of disruptive innovation. This Innovation Intelligence can support your portfolio optimisation and be the key to your patenting strategy.

With improvements in AI technology and other analytics platforms like Cipher, today we are able to understand the numbers of patents that are relevant to certain technology areas at a push of a button.

Jeremiah Chan, Head of Patents, Facebook

Have you ever asked these questions?

How can we use patents to predict the future?

Predicting the future is notoriously hard. That said, patents are filed well ahead of products and services being launched. For this reason, there is a correlation between trends in patented technologies and the technology and product roadmaps of their owners.

How can patent data be made actionable for the CTO office?

The CTO must choose which technologies will best enhance an organisation’s revenues. Substantial resources are invested in technology scouting and forecasting to both direct the selection of technologies and to assist the associated “buy v build” decisions. Trends in patented technology can support scouting and provide invaluable competitive intelligence to support this activity.

How can we identify new technology trends from patent data?

It is tempting to believe that because all patents (by legal definition) must be new, then all patent data reveals technology trends. While this is somewhat true, it’s not actionable. There are two dimensions to this. First, when an organisation moves into a new technology area. Patenting trends help forecast these strategic changes in direction. Secondly, when there is a notable trend in an established technology area. Cipher has developed new Machine Learning approaches to spotting what’s new from more of the same.

If these are your issues, Cipher can help you.

Cipher 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 IP, Ocado

Explore how Cipher can help you to…

Patent data structured, cleansed and classified

Deep-dive into technologies

How can I quickly, efficiently and thoroughly understand a new technology area?

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Patent data structured, cleansed and classified

Spot competitor patenting trends

How can I identify new patenting areas to influence my patent strategy?

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Want to find out more?

Explore other ways Cipher can help you spot technology trends.

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Cipher has been world class for us. It’s easy to use, it provides very powerful visual representations of what we own and importantly what our competitors have.

Dr. Bobby Mukherjee, Chief Counsel, Intellectual Property and Technology Law, BAE Systems PLC.

Case Studies

Seagate on keeping up with technology changes

Chief Intellectual Property Counsel at Seagate, Bob Pechman explains the pressures of supporting the business during a period of rapid technological change and how Cipher helps see the patent landscape through Seagate’s own technology lens.
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BAE Systems on the importance of competitive intelligence in disruptive technology environments

Chief Counsel for Intellectual Property and Technology Law, Dr. Bobby Mukherjee, explains how his IP team uses Cipher to help communicate the importance of IP internally and to navigate complex technology landscapes.
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Richardson Oliver Insights on the challenges of IP Teams

COO of Richardson Oliver Insights, Erik Oliver, talks about the challenges faced by IP teams with managing high value portfolios and the increased demand for both better data and better ways to communicate the value of patents.
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Insights and Events

 

Disinfection and Sterilisation

The global outbreak of novel coronavirus (COVID-19) has trigged a spotlight on disinfection and sterilisation solutions, attracting interest and investment from companies looking to develop new technologies. Who owns the patents?
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Next Generation Batteries

Who are the key technology players when it comes to the Energy Transition and Battery technologies
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New payment technologies leading the way towards a cashless society

As society gradually hands in its cash-filled wallets in exchange for digital versions innovations around payment technologies are skyrocketing. With this rapid influx of new payment methods, never before has it been so important to understand who is doing what in this space and where.
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Automotive Safety and Security

There are four key trends driving change across the automotive industry and its supply chain. These are loosely categorised as diverse mobility, autonomous driving, electrification, and connectivity.
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Technology Trends

How can I spot a trend when I don’t know where to look?

This is classic Rumsfeld “known unknowns”. This is where Cipher’s ability to read 61m patents an hour comes into its own. The “unknown” is simple; the patent universe minus what you already know. By combining Cipher’s Machine Learning classification (using technologies you define) and Cipher’s clustering to analyse the rest, Cipher enables you to reveal the unknowns.

What’s the best way to track our competitors?

If you have a technology or product taxonomy and a known competitor set (or threat list), then Cipher has the capability to automate alerting and forecasting, so that you are always aware of the outlook for new patenting activity. Because Cipher filters out the noise from messy patent data, Cipher alerts can be directed straight to the subject matter expert responsible for that technology or business area.

How will we know if there is a new entrant into our key markets?

It is inevitable that your competitors of tomorrow will be different from today, not least in this era of disruptive technologies such as cloud, AI/ML, robotics and the internet of things (IoT) more generally. The solution is to automate the scanning of the global landscape by reference to your technology taxonomy. Cipher alerts include the patenting activity of both the companies you know about and the new entrants and start-ups from around the world that you would never have known about otherwise.

How can I track trends in emerging technologies that are new to me and my organisation?

The solution is one of definition. Our experience indicates that the question is never “what’s new in the world” but can be articulated as a technology scope. At this point Cipher’s ability to classify (tag) and monitor patenting trends and outlook, provides an objective and repeatable way of accessing data and analytics.

What’s the workaround to deal with the 18-month blind spot?

There isn’t one. That said, many technology trends take years to develop and much longer before products and services appear on the market. Monitoring patenting trends improves your understanding of the market, and often needs to be combined with other sources of competitive and market intelligence such as scientific literature, trade shows, etc.

With Cipher you can also…

Competitive Intelligence

Gather competitor intelligence

Understand who’s doing what by automating patent to technology mapping.

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Model cross licensing

Combine patent and revenue data to determine rational licensing outcomes.

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Manage your budget

Justify patent budgets to CFOs and others to communicate the impact of your investment.

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Portfolio Optimisation connecting cogs

Optimise your portfolio

Ensure you have the right portfolio to meet your strategic patenting objectives.

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Tackle inbound patent assertion

Be prepared with evidence to create a fast and effective threat assessment.

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Benchmark your portfolio

Assess your portfolio in comparison to other owners through your own technology lens.

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Monetise your portfolio

Identify opportunities to create value through licensing or sale of patent assets.

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Conduct Due Diligence

Automate manual reviews for efficient execution of M&A and licensing transactions.

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Why Cipher

Trained by humans, built by machine to give you independently verified accuracy

“Cipher’s classifiers enable you to understand the patent landscape or analyze a portfolio. Combining expertise in both IP and data science, Cipher provides you with solutions to the strategic problems patent owners face, with quick and accurate results.” Erik Oliver, Richardson Oliver Insights

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Improve your patent strategy now

Speak to the Cipher team today.