Global organizations cite patent innovation as key to
increasing competitive advantage amidst the pandemic
LONDON,
Jan. 18, 2022 /PRNewswire/
-- Clarivate Plc (NYSE: CLVT), a global leader in
providing trusted information and insights to accelerate the pace
of innovation, today released a new report which highlights global
insights into how organizations are using patents and patent data,
challenges and opportunities, and the role of patents in driving
the lifecycle of innovation.
As revealed in the Clarivate™ Patent Trend Report 2022, the
organizations surveyed overwhelmingly view patents as a business
driver, with the majority (75%) saying the primary purpose of their
patent strategy is to enable further innovation. The results also
show that the majority (69%) of patent portfolios have increased in
the last 12 months, driven by increases in budget, greater C-suite
buy-in and changes in business focus.
Key findings include:
- Nearly half of respondents (45%) say their organizations have
missed out on opportunities because the C-Suite was not engaged
with their patent strategy.
- More than half (57%) also say it has become harder to implement
their patent strategy in the last 12 months with the top reasons
being insufficient staff, data, budget and time.
- Many are turning to outsourcing, with 45% already outsourcing
between 26% to 50% of their patent activities.
- Nearly half (44%) saying they will outsource more in the next
12 months.
There is positive change on the horizon, as these organizations
say they think technology could provide better data analytics
capabilities, better efficiency to enhance productivity and a
real-time view of data. They also see AI adding the most value in
patent analysis, search and licensing.
Gordon Samson, Chief Product
Officer, Clarivate said: "The findings in this report reveal that
patent protection and its role in the innovation lifecycle remain
critical to businesses around the world. Despite the turbulent
times faced over the course of the pandemic, organizations
recognize the opportunities and value to be gained by usage of
patent data. Clarivate is proud to be an experienced patent
intelligence and lifecycle partner that can provide the insights to
inform patent strategy – which could prove key to successfully
navigating ongoing uncertainty and accelerating innovation in
organizations around the world."
Methodology
Clarivate commissioned research into patent trends across key
global regions, carried out by independent survey firm Vitreous
World. The research sought the views of 275 IP and patent
professionals, both in-house and external counsel, across seven
countries/regions: the United
States, United Kingdom,
France, Germany, Mainland China, Japan and South
Korea.
About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate
the lifecycle of innovation. Our bold Mission is to help customers
solve some of the world's most complex problems by providing
actionable information and insights that reduce the time from new
ideas to life-changing inventions in the areas of science and
intellectual property. We help customers discover, protect and
commercialize their inventions using our trusted subscription and
technology-based solutions coupled with deep domain expertise. For
more information, please visit clarivate.com.
Media Contact
Rebecca
Krahenbuhl, External Communications Manager
media.enquiries@clarivate.com
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