New tool tracks and predicts IP costs more
accurately and efficiently
LONDON, Sept. 20, 2023 /PRNewswire/ -- Clarivate
Plc (NYSE:CLVT), a global leader in connecting people and
organizations to intelligence they can trust to transform their
world, today launched Forecast, the next generation artificial
intelligence (AI)-driven solution designed to enable intellectual
property (IP) professionals worldwide to confidently and
efficiently optimize their IP portfolios and strategy.
Forecast is an IP cost forecasting and budgeting tool that gives
IP professionals powerful capabilities for predictive budget
forecasting, and which is fully integrated with IPfolio, a leading
IP management system. This automates and simplifies the process to
enable faster budget approvals.
In today's knowledge-based economy, innovation is a core driver
of business growth and competitive advantage. Corporate value is
increasingly vested in intangible assets, including IP. This is
driving a dramatic expansion in IP portfolios, with the attendant
costs of securing, maintaining and protecting patent and trademark
rights in a global marketplace also increasing.
Gordon Samson, President,
Intellectual Property, Clarivate, said: "Managing IP as a
strategic asset and as a major cost center is an issue of
increasing importance, from corporate legal departments to the
C-suite, and it requires careful financial management."
"With empowering IP professionals at the center of our strategy,
Clarivate is utilizing AI technology and proprietary best-in-class
data assets to launch Forecast, and provide IP professionals with
new powerful capabilities for predictive budget forecasting. Our
continued investment in AI demonstrates our commitment to bring
clarity to the complex and support IP professionals in a rapidly
changing environment."
Powered by predictive AI, Forecast provides IP professionals
with the ability to track and predict IP costs across the entire
portfolio more accurately and efficiently. It can create budget
scenarios to make smarter filing and maintenance decisions, and
generate real-time reports and dashboards to collaborate seamlessly
with stakeholders and achieve faster approvals.
Clarivate also recently launched the Brand Landscape Analyzer
and announced the development of the Trademark Watch Analyzer.
These tools leverage AI on rich proprietary content and are trained
by Clarivate internal search experts to analyze and deliver
insights from more than 140 million trademark records and over 6.2
million trademark office and court decisions.
To learn more about Clarivate Forecast, visit here.
About Clarivate
Clarivate™ is a leading global information services provider. We
connect people and organizations to intelligence they can trust to
transform their perspective, their work and our world. Our
subscription and technology-based solutions are coupled with deep
domain expertise and cover the areas of Academia & Government,
Life Sciences & Healthcare and Intellectual Property. For more
information, please visit www.clarivate.com.
Media contacts
Sofía Nogués
Sr. External Communications Manager, Clarivate
newsroom@clarivate.com
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