Discussion of all things patent mapping and analytics.
Summary - Smart patent owners are long used to the concept of monitoring their competitive landscape by monitoring new patents. However existing methods could produce either too much data, or not enough. Ambercite now has the capability to provide a sophisticated and yet to use list of new and relevant patents similar to those of a portfolio, or even a single patent.
In this case study, Ambercite was used to produce a list of similar patents to the patent porfolio of Strava, all filed in the last five years. No risky assumptions about keywords, patent owners or class codes were required - and this analysis returned 281 patent families - as opposed to the 4 patent families that would have been returned by conventional citation monitoring.
Patent owners have long known that new published patent can be a valuable source of information about their known and not-yet recognised competitors:
Previously, patent owners could monitor new patents in their field by one or both of two methods:
So patents owners could end up with either too many patents to look at - or not enough (thereby key patents could be missed). Clearly, an improvement is required.
Ambercite is continually updating its processes, and recently has improved that they way we manage recent patent applications. This now makes it an excellent tool for technology monitoring, as it can monitor both known citations - and 'unknown' citations.
'Unknown' citations, in this case, are potentially relevant patents that are not yet recognised as citations - but which are found when our algorihms are applied to our network of 53 million patent families and 156 million patent citations.
And the benefit of our algorithms is that, when compared to conventional or semantic searching, the results delivered are much more precise - thereby saving your valuable time by ignoring irrelevant patents. And you can avoid the forced errors of running searches based on what could be quite risky assumptions about keywords, owners or class codes.
So how does this work in practice? The case study below might help explain this.
Strava is an app that can allow users to record their cycle or running trips with their smartphones, and then compare their performances with their friends and other people who use the same routes, as shown in the image below.
A search on Patentlens suggest that Stava have 45 patents in their name, falling into 7 patent families. We entered these 45* patents into Ambercite Cluster Searching, and looked for similar patents filed within the last five year, using the simple query shown below (only some of the Strava patents are shown in this list).
* Patent queries can contain anywhere between 1 and 200 starting patents, depending on your requirements.
This produced 281 results, representing 281 patent families - the five most similar results are shown below
These show the most similar patents. We can also look up the most recent applications, as shown below. Not surprisingly, at least one of these patents relates to vehicle analysis, but again this is route tracking. It is also interesting that two of these recent patents are from China, and one from Germany.
Note too that the results are a mixture of known and unknown citations. In fact, if we look for known citations filed in the last 5 years, there are only 4 such direct citations found - which clarifies the limitations of the normal citation analysis offered by other vendors.
In contrast, we also found 275 unknown citations, many of which may be directly relevant to Strava, such as the 5 most similar unknown patents shown below:
This now helps Strava identify some of the most similar and recent patents. But who is filing these patents? This are no surprises here, as shown in the figure below which counts up the number of patents filed the most prolific patent filers in the results. We produced this graph after downloading the table of results into an Excel spreadsheet.
This simple case study show how it easy it is now is to monitor the technology landscape using Ambercite. All you need is a list of your patents - this can be the whole of your portfolio, part of your portfolio or even just one or two of your patents. The patents returned by this process can be highly relevant to your company's objectives, and be
Are you ready to keep on top of the patenting activity of your competitors? If so, please contact us for a demonstration of what Ambercite can do for you.