In today's competitive market, the importance of R&D is growing in order to constantly lead innovation and stay ahead of the competition. R&D can stay informed of new developments and make strategic decisions about where to focus staff and investments by tracking competitors' patenting activity, including where patents have been filed. In this point of view, one of the most necessary tasks for effective R&D is patent trend analysis.
Patent trend analysis is an important task for R&D to identify new trends, potential opportunities, and leading indicators to determine where to focus manpower and resources with more information. For this important task, wrong tools can make you miss opportunities or poor decisions. Then, what is the right tool? The right tool that should get answers to what is currently happening in the market or R&D area, what effects it has, and how recent events are changing patent trends, in other words, very helpful for quick and accurate R&D portfolio management and decision-making.
Features that your tool should have for patent trend analysis:
· Comprehensive coverage of contents : extensive
and reliable patent information from multiple jurisdictions
· Technical classification: high accuracy of specific
result
· Competitive Intelligence: Patent reviews and
related information based on close scans to identify potential areas of
competition and collaboration.
· Reliability of Results: Collect and transmit analysis results to share with key stakeholders.
WIPS recognized the importance of analyzing
patent trends based on years of customer research and needs, and launched an
analysis tool, Insight Plus that enables the entire process from automated
classification for patented technology to statistics – analysis – reports.
Insight Plus
is a tool that can easily handle data through AI automatic technical
classification on the web by reflecting the practical analysis process, apply
the latest patent information, and use quantitative analysis and report at
once. It is a great advantage that there is no difference in the quality of
work from beginners to experts as the whole process is handled only by the
system.
Then, let's take a look at Insight Plus from
now on.
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| wipsglobal.com> Insight Plus |
Projects can be created by importing a list of
search results or My Folder or by uploading an Excel file. Up to 5 projects can
be created, and 20,000 cases can be imported per project.
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| wipsglobal.com> Insight Plus |
2. AI automatic classification
The imported population is provided in the
status of deduplicated registered documents and patent family group. For a
population that has not been classified, tech tree can be created through
automatic clustering. Depending on the learning literature classified by the
user, AI automatic classification can be performed or classification can be
performed by selecting similarity(%).
(*AI automatic classification option- a certain
degree of similarity or all of the unclassified documents)
When the classification is complete, we can see
the result of each trained documents and AI classified documents.
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| wipsglobal.com> Insight Plus |
When AI automatic classification is completed, the classification value (%) of 3 depths is displayed for each document. If it’s judged to be misclassified, user can drag it to another technical category and correct.
On the left : the tech tree
In the center : prior arts classified by AI
On the right : ‘View Details’ page where you
can see the bibliography, abstract, claims, description of the invention of the
selected document.
At the top : extra detail features for selected
document – Sorting by similarity, Excel Download, Save as My Folder
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| wipsglobal.com> Insight Plus |
There are several additional features to review
the classified documents - Filter, Keyword clouds, My family applicant,
Timeline (save work time).
With the keyword cloud, you can check the
distribution of major keywords or the documents of selected keywords of
interest,
And can shorten the time for analysis work by
editing applicants or grouping applicants.
All work history is saved on the timeline, so
you can go to any point later.
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| wipsglobal.com> Insight Plus |
Statistic charts are generated when automatic
classification is run. The target of the chart analysis is the entire documents
(not a patent family group).
In the Charts tab, you can check itemized
charts for all documents in the project.
Individual editing such as chart type, data
range or section setting, legend, display, etc. can be done for each chart, and
chart images can be saved and downloaded in Excel format.
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| wipsglobal.com> Insight Plus |
· Country Perspective Analysis – Technology
development by country, domestic and foreign analysis to identify the leading
country in the relevant technology
· Company perspective analysis – status of
securing technology of top applicants, identify key players based on market
entry status
· Technology Perspective Analysis – Predict the
future R&D direction by identifying detailed technology trends and
whitespaces
Moreover, custom perspective analysis for each
user to make charts by themselves.
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| wipsglobal.com> Insight Plus |
4. Make a report
After reviewing the statistical analysis, next
step is to make a report.
Select the format (WORD, PPTX) first and select
chart items for quantitative analysis. You can select a chart that can show the
analysis of detailed items corresponding to the summary of application trends,
country perspectives, company perspectives, and technology perspectives.
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| wipsglobal.com> Insight Plus |
On the left, you can see a list of items for
each chart you selected, and you can change the order of the charts, or change
the number or layout of charts displayed per page.
With style settings, you can create a headline,
text, and chart titles that would be suitable for the layout.
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| wipsglobal.com> Insight Plus |
Detailed charts for each item can be edited or
modified by changing settings such as chart type, data range and range setting,
and sorting, and you can also check the statistics list. The date of saving the
data is displayed under the chart, and if there is a data update in the future,
click the button of ‘Update data’ to reflect the latest data on the chart.
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| wipsglobal.com> Insight Plus |
So far, briefly we have looked at Insight Plus, newly launched by WIPS Global. Easy and convenient analysis tool using AI automatic technology classification.
Try Insight Plus for complex and tedious patent analysis tasks.
You can contact, global@wips.co.kr for free trial!
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