What do patent analytics tell us about the competition and the technology area?

Steve Lundberg explains what patent analytics tell us about the competition and the technology area.

Contact Steve Lundberg

Email: [email protected]

Phone: (612) 373-6902

Transcript:

Patent profile analytics are helpful to determine whether or not there’s a growth in a particular patent area. So if the area is showing a sharp increase in the number of filings, that indicates that there is a great deal of growing interest among the industry in that particular technology. If there’s a fall off in the number of patents being filed, it indicates that it’s a decaying or dying technology area. And then you can – by looking at how sharp the increase is across different companies, you can determine which companies are throwing more resources into a particular technology area.