Information on patent data is an important window to understand technology trends, market developments and how companies operate. Last week experts from leading universities among others Berkeley, Stanford, Northwestern and institutions such as the USPTO or the US Census Bureau gathered at the 3rd annual roundtable on innovation economics in Chicago to discuss new data sets on patents and methodologies of linking patent data to other databases e.g. company data, standards data or information on product markets. The biggest challenge to leverage insights on patent data is to extract and link the bibliographic and textual information of patent documents. The aim of the roundtable was to discuss the latest research on how to clean, harmonize and link patent data. In this regard, patent data can be a powerful source of information to understand the strategic behavior of companies or the impact of new technology developments.

On April 9th and 10th IPlytics participated in the 3rd Annual Conference on Patent and Technology Standard Data Sets held by the Searle Center on Law, Regulation and Economic Growth and the U.S. Patent and Trademark Office in Chicago. The conference introduced major new data sets based on the latest findings of empirical research in the field of innovation. Leading research institutions introduced their latest findings on patent data, markets for invention or strategic standard setting and discussed new methods of data cleaning, data linking, patent market monitoring and patent examination.

IPlytics Managing Director Dr. Tim Pohlmann was invited as an expert on patent data and one out of twelve selected speakers for the conference. During a specific session on “Technology Standards and Standards Organizations” he presented the latest methods on the mapping of standards to patents using databases of declared standard-essential patents and systems of technological classification. Both patents and standards documents describe, define and codify technologies. The role and scope of patents and standard documents are however very different. Patents describe new inventions and they constitute a temporary legal right to exclusively use practices and products that are novel and original. Standards on the other hand define commonly accepted techniques. They reflect an agreement between different individuals, firms or other entities to use a particular method which may be novel or not. Standards may also govern the access to technology, because Standard Setting Organizations (SSO) often require their members to license proprietary technology that is necessary for the implementation of a standard on specified terms.

The roundtable was a great success in terms of understanding how to professionally process patent data. The goal of the roundtable is to establish a platform for patent experts to regularly meet and exchange data, methods and best practices in order to shed light on the research of patent information.

Introducing the all-new Semantic Essentiality Score (SES)