IntelliSort Usage Scenarios
IntelliSort is the first custom patent classification service designed specifically for the IP market. With IntelliSort, Innography users can "train" the software to make intelligent decisions based on different business objectives, such as cataloging a broad spectrum of patents by a predetermined classification system. IntelliSort is ideal for the following:
Portfolio Acquisition
Challenge
In today's fast paced economy, more and more organizations are acquiring patents to further product development, rather than depending upon slower and more costly organic growth. A representative Company is looking to expand its business into a previously unexplored market. Instead of growing organically through conventional R&D, it would like to purchase an existing patent portfolio that covers the technologies of its strategic growth area in order to save time and money on development, and to speed time to market. Although several portfolios available for purchase are received on a regular basis, the Company does not have the time or resources to accurately examine every portfolio to determine if it is a good fit for its growth trajectory.
Solution
By using Innography's IntelliSort, the Company manually classified a small set of its own patents based upon the attributes it was looking for. It then trained IntelliSort to automatically categorize the patent portfolios that were available for purchase. And thus, identified which portfolios were suitable for acquisition.
Benefit
Using Innography's IntelliSort, the Company realized significant savings in dollars and hours by automating the portfolio classification process. This enabled them to make an informed decision in less time and ensure the Company's future growth goals are met.
Monetization and Licensing
Challenge
Being first to market does not necessarily decide the market leader. A rising number of organizations are opting to license others' technologies, rather than develop internally, which can be a timely and expensive process. In this scenario, a high tech company is looking to license a technology to enhance its current product offering, as well as monetize its own portfolio. The Company wants to quickly identify potential licensing partners for both in-licensing and out-licensing opportunities that will be both cost effective and time sensitive for the Company.
Solution
By using Innography's IntelliSort, the Company is able to manually classify a small set of its own patents specific to particular products and technologies, and then train IntelliSort to automatically categorize the remainder of the portfolio based on those predefined parameters. Once the portfolio has been categorized appropriately, IntelliSort can then be aimed at certain market segments and product specific landscapes in order to identify potential in and out licensing candidates.
Benefit
Using Innography's IntelliSort, the Company was able to quickly identify potential licensing candidates in the specific technologies of interest. This ultimately enabled them to make faster decisions and get to market sooner with a proven technology and solid licensing agreements in place.
Competitive Benchmarking
Challenge
It seems as if every product available today is a "new and improved" version of its predecessor. In order to maintain a leadership position, insight into the plans of competitors, as well as increased speed to market is imperative to success. In this scenario, a typical company wants to explore opportunities inside a growing space. Currently, there are literally hundreds of products on the market within this space and the Company is interested in how its current portfolio stacks up, as well as identifying potential growth opportunities.
Solution
By using Innography's IntelliSort, the Company is able to manually classify a small set of its own patents, and then train IntelliSort to automatically classify hundreds of other patents in the portfolio. Once the portfolio has been categorized appropriately, IntelliSort can then be aimed at competitors' portfolios to compare the strength of technologies.
Benefit
Using Innography's IntelliSort, the Company was able to realize a significant savings in dollars and hours, as it did not have to manually classify its patents, or the patents of its competitors. This ultimately enabled them to make faster decisions and speed time to market on their latest product offering.
Mergers and Acquisitions
Challenge
In order to further product development, a representative Company has just completed an acquisition and would like to quickly categorize its newly acquired patents, and map them to current and future product lines in order to enhance productivity and streamline new business efforts. The Company currently uses an internal tagging system to classify its extensive patent portfolio. However, with the recent acquisition, it does not have the time or resources to manually review each patent to determine which classification the patent will receive.
Solution
By using Innography's IntelliSort, the Company can input its own classifications into the software, and "train" it by providing a sample set of patents from each category. Once that process has been completed, the Company can then feed the newly acquired patents into IntelliSort and have them categorized in minutes.
Benefit
Using Innography's IntelliSort, the Company was able to quickly classify its newly acquired patents and decipher which internal categories they align the closest with. This saved the Company time and resources required to manually tag its new patents to ensure compliance with company classification standards.
Portfolio Maintenance and Management
Challenge
In today's down economy, companies are forced to cut costs at a higher rate of urgency than ever before. In order to shave a considerable amount off its maintenance budget, a typical company's IP department has been tasked with identifying which patents are core to current business strategies, and which patents can be let go. The Company has a growing patent portfolio and a shrinking IP budget. They currently have to make a decision regarding over 200 patents that are up for renewal in the next 3 months. Not only is this task costly and time consuming, but there are concerns about letting patents go that could protect the strategic goals of the company.
Solution
By using Innography's IntelliSort, the Company is able to train the system using recent patents that have been tagged according to its new strategic areas of business. They can then tag patents that are currently up for renewal to ensure that highly valuable patents do not lapse.
Benefit
Using Innography's IntelliSort, the Company has insured that they are not losing valuable assets while pruning their non-core patent portfolio. This saved the Company time and resources required to manually tag its entire portfolio and handpick those deemed valuable for future endeavors. |
