Better patent searches allow organizations to make smarter, more cost-effective decisions about their entire innovation process. Companies have to be more thoughtful about which patents deserve the expense and resources of global coverage. Essentially:
- The cost for obtaining broad patent coverage continues to increase.
- There’s greater uncertainty and invalidation risk surrounding US patents.
- Most patents do not drive the ROI necessary to justify maintenance fees.
When searching through a mountain of complex patent and technical documents, you will want to come away with the right information – fast. The challenge is uncovering obscure but relevant information about the market landscape and your competition to help you make critical decisions around patentability and freedom to operate.
Keywords, Boolean search, and metadata all aid in this decision-making process, but machine learning technology understands the inherent similarities and ambiguities in search terms. Searching becomes smarter. For example, InnovationQ Plus’ semantic search engine understands that the two terms ‘car’ and ‘vehicle’ have different but similar meanings, while the single term ‘stream’ may have multiple unrelated meanings.
These may seem like minor intricacies but missing even a single document at the search stage can potentially lead to much time and money wasted on attempting to obtain and maintain a patent that eventually fails to stand up to scrutiny.
“The value of machine learning is rooted in its ability to create accurate models to guide future actions and to discover patterns that we’ve never seen before.”
— Wired Magazine
Over time, new terms will arise, like blockchain, and the meaning of certain terms may change. InnovationQ Plus can detect this “semantic drift” automatically through its learning algorithm, re-weighing concepts and topics accordingly. This enables it to powerfully and elegantly sustain high precision and recall in the retrieval task over time.
InnovationQ Plus allows organizations to save valuable time and money in the patent application process and informs organizations on how to protect and commercialize IP faster than ever.
Want to learn more? View The Importance of Intelligent Search Capabilities PowerPoint.