Fast Science™ – An Innovative Tool to Enhance Collaboration of IP Department with R&D and Business Over Specific Patents – Webinar
Fast Science is An Innovative Tool to Enhance Collaboration of IP Department with R&D and Business Over Specific Patents. R&D departments of organizations and individual inventors often find themselves in situations where they are unable to understand information disclosed in the patents. This usually happens when they are unacquainted with the different sections and technical jargons used in the patent documents.
R&D and inventor-friendly patent summaries not only help the R&D departments and inventors better understand inventions. Moreover, they are also an established approach to smoothen collaboration within teams of an organization.
Fast Science™ is a knowledge management and collaboration tool that provides access to free content, exclusive summaries and non-exclusive summaries depending on the type of User and Content license. This initiative by Sagacious IP is aimed at making IP intelligence simpler and accessible to all.
We invite you to hear our experts as they discuss the Fast Science™ tool, its unique features, and apply cases of the tool including:
- Patents and research paper summaries
- Collaboration within R&D teams
- Patent litigations
- Claim mappings
- Improve IDFs
- Make IP reports easy
- Increase SOA knowledge
- Other updates
Vineet Markan, CTO & Co-Founder, Fast Science
Tanmay Mittal, Head IP Solutions – India Region Sales
Submit Your Information to Watch the Webinar Video Recording
Tanmay Mittal speaking: Hi, everyone. I can see, many participants are still joining. I suggest that we begin the session after waiting for one more minute. To utilize this time, let me walk you all through the deck checks and the various systems. By default, all the participants are in listen-only mode. You can easily find the microphone icon on the control panel. Once the speakers finish their talks, you can unmute and ask your questions to them.
I hope I am audible and my screen is visible to all. For a better experience, we recommend that everybody uses headphones or earphones. We will begin the webinar in just a moment. You can quickly grab your coffee or a cup of water and be ready.
Welcome everyone to this webinar. This is Tanmay Mittal, Head of IP Solutions, India Region at Sagacious, signing in to welcome you all to our webinar today. In our endeavour to demystify IP information and contribute towards boosting IP awareness, Sagacious IP is happy to host today’s webinar on a one of a kind knowledge management and collaboration tool called Fast Science.
Fast Science- An Innovative Tool to Solve IP Problems
This tool is designed with the aim to smoothen collaboration between the R&D teams and speed up the innovation processes. Under our umbrella of IT for IP, which primarily focuses on solving IP problems through automation and tech-based solutions, Sagacious IP has been working closely with our current customers, and early adopters, of Fast Science. Hence, we look forward to making it a leading tool and help companies significantly boost their R&D ROI.
Before I go on to introduce the speakers for today’s session, I’m delighted to welcome all the participants from different countries. I thank them for taking out the time to join us today. Your participation is a wonderful encouragement to the effort and the attempt that we are making. Moreover, this will help to raise awareness about intellectual property through the knowledge that has been owned by Sagacious over several years of working with inventors, R&D organizations, IT departments, and IP law practices.
Hence, without further wait, let me introduce our speaker. Please welcome Mr. Vineet Markan. Vineet is the founder CTO of Fast Science. He’s heading product development and customer relations. He specializes in software engineering and creative content production. Welcome to the webinar, Vineet.
Vineet Markan speaking: Thanks Tanmay.
Tanmay Mittal speaking: I’m also happy to introduce Mr. Peyman to the audience. Peyman is the founder of Fast Science and managing author on-boarding and investor relations. He has a PhD. in chemical engineering from National University of Singapore. Unfortunately, Peyman would not be presenting today. However, we can all say thanks to him for giving us such a beautiful tool. Before we start off with the presentations, let me ask Vineet for his initial remarks on the intent of today’s webinar. Vineet.
Vineet Markan speaking: The intent is to give you the purpose and mission of Fast Science, or to kind of show you not only how the product work because it’s still evolving, but we really give you the idea what problems can it solve for R&D teams, even in the endeavor for learning faster.
Thus, the idea is that, we’re looking at a huge amount of patent literature, which is coming out every year. Out of all this patent literature, how do we distil the most important aspects of the knowledge, and then give it to the R&D team so that everyone can collaborate on and share ideas and so on. That’s what Fast Science is about.
Tanmay Mittal speaking: I believe you must be reading the minds of our listeners today, Vineet. Thank you for setting up the context of this webinar. Before we move ahead, I invite our listeners to keep sharing their questions as, and when they have it during the course of this session. They can share their questions via the GoToWebinar question box on the right side of this presentation window. I will pick up on those questions and ask them to Vineet after he finishes his talk.
Moreover, Sagacious is also offering a free trial of this tool all the participants of this webinar. The participants can drop us an e-mail later at email@example.com to get more information or to request a trial. Let us now get started with the main part of our presentation. For that, let me invite Vineet to showcase the capabilities of Fast Science. Over to you Vineet.
The Problems Fast Science Is Solving
Vineet Markan speaking: Hi everyone. The presentation that I’m going to give now is divided in three parts. I’ll just start off by playing a short two-minute video. This is just to give you a high level overview of what is the problem that Fast Science is solving. In the second part, I’ll take you deeper into some of the important features in our product. Third, I will take you to the demo.
I’ll start right away by playing the short video to give you an introduction of Fast Science.
Video Insights: Over three million patents are filed worldwide every year. Top product and tech companies reveal their innovations and future product plans through these patents. However, patents are hard-to-read legal documents. The ideas they describe are locked up in jargon in legalese. Thus, Fast Science publishes interactive and easy to read summaries of latest high value patents. This is so that you and your team can stay on top of advanced technology patent landscaping and developments.
Our technology scouts thousands of patents and uses machine learning to rank and simplify them. Additionally, the editorial team of experts and researchers uses our publishing platform to make these summaries available to our users. You can access the summaries on any device. Further, your team can collaborate to find inventions that are most relevant to you so that you can find collaborators and track competitors.
Our summaries can cut down the reading time for patents, from hours to minutes. Hence, this will help your team stay ahead of the curve. For enterprise clients, who are concerned about security and privacy, Fast Science offers secure collaboration features. This is so that your team can share information privately and make important decisions faster. Therefore, you must sign up at www.fastscience.tv, and get ready to live the future now.
Fast Science – Tool and it’s Components
Vineet Markan speaking: Fast Science is a platform where we publish interactive summaries of research papers. The idea is to cut down the time that is required in reading them by the whole R&D department. 10 25, 50 people are reading these documents and collectively, we can save a lot of time across all these people. Generally, the patent literature tends to be very dense in terms of information. There’s a lot of legal jargon and technical jargon kind of intermingled in these documents. Hence, this makes it hard to read. This density of information makes a lot of time and effort to kind of cut through.
What Fast Science does, it maps the important information. This may include patent claims and patent diagrams or the visual information within the patents. Moreover, it makes it relatively easier to consume. You can see the concepts in context of the diagrams of the patent. Thus, that’s what Fast Science is in a nutshell. Hence, these are some of the key features that I’ll be describing in the demo, which I will be giving next.
Each patent summary is divided into a set of highlights. We’ve broken them down into 5-10 bullet points or things that you should know about different patent. For each of the diagrams, we overlay interactive hotspots. This makes it easy for you to grasp the key concepts. It will tell you how to read the given graph or diagram from the patent.
Moreover, we also map it to a claim, so that you are sure that this is important information that we are covering. We’re giving you full coverage and accuracy in terms of the key takeaways of the patent.
Our summaries, unlike the PDFs that are generally published or patents are published, they are far easier to read on any mobile device. Moreover, they’re far easier to access on mobile devices so that you can read them while you’re on the move. Finally, the key takeaways from any summary, it’s very easy to take those ideas and then collaborate with your team. Furthermore, you can go back and forth to create new ideas out of them, or discuss them in the context of your IP innovation strategy.
Additionally, some of the other important features of Fast Science are – because the patent literature search tends to be discrete and huge. There are thousands of relevant patents that you could be looking at. Hence, we give you the option of compartmentalizing them in collection. This is so that different teams can focus on different set of patents, that they are interested in. Moreover, while other people are reading patents, or marking different things important, you can actually discover the reading list of other people of what they are interested in, what did they find important.
Hence, those key-takeaways are easy for the whole team to grasp. Third, it’s easy to have the contextual conversations in terms of the hotspots. They tell you what each part of the diagram mean. It’s easier to have the conversation like manage all those traits, which are focusing on different aspects of the invention. Then, finally, you can tag teammates starting conversations, even if they’re not in your project collection.
Maybe we’ll talk about use cases mode. However, these are some of them with which I can share with you right now. This means, first, it’s easy for idea groups to ideate collectively. If they’re solving a problem, they can kind of create a collection to look at all the literature that already exists in that segment. Moreover, they can go through them quickly, and then start bouncing off ideas. It’s easier to share knowledge. Further, it’s easier to keep top of what our competitors are up to. It’s easier to also present these ideas to business executives who might not be very familiar with the technical art.
Fast Science Demo – Website and its Components
With that said, I’ll take you to Fast Science website and show you a couple of sample summaries and what the collection’s look like. There is the website. On this you will see a set of summaries that are listed. Each summary represents a patent. In this case, what each summary consists of is a featured image. It contains a 12-word title which is simplified and a 60 words summary to tell you if you’re interested in reading further or not. Hence, this is basically to help you shortlist, and then map up with the category. Let me just dig into this summary right away.
Further, within a summary, you will see that there are the title and the description that I told you about earlier. It’s actually divided it into a set of highlights. This means that we have broken down the diagrams. We’ve taken the diagrams and mapped them into the highlights. This is so that they are easier to understand and you can walk through it step by step.
The first one is the introduction. I’m going to skip that. Coming to the second one, is a diagram from the patent. The diagram is actually overlaid with a set of hotspots. What that means is I can kind of walk through the different aspects of this invention by hovering on the on the hotspot. One refers to a certain explanation. This is telling me- what is ‘Figure 1’. This is basically explaining to me different parts and the different aspects of the invention.
Fast Science – Patent Summary Claims and Hotspots
I can also alternatively click on it, and walk through the hotspots step by step. I’m just going to quit this one for now and move on. There are different hotspots within the summary. I can click on them and navigate them easily to understand how they map with the claim. Then, there is the last section which is the claims. What we do is, we basically break down the claims and map them out to different highlights.
For instance, with different aspects of claim one can be mapped to highlight 2, 3, 4, and 5. In some of the other summaries, the claims are actually mapped more specifically. I will just quickly jump on another summary. For instance, if I go to the summary, you will see that the claims are mapped more specifically to each highlight. This is so that you can understand each aspect of the invention. Moreover, you can make sure that our summaries cover all the important things that are mentioned in the claims and they cover them accurately.
Fast Science – Patent Rating
If I click, it will take me back to highlight 3 and I can take a tour of the highlight 3 and continue to do that. Finally, to collaborate with your peers, after each summary, there’s a comments section. This is where you can rate the patent and say that how did you find it. For instance, if you’re unsure, you can type in a rating and then submit that rating. If that’s a live summary, the other people in your team will be able to see it.
Furthermore, let me very quickly show you how teams can use it to kind of a segment out different patent. It is the concept of collection that I explained earlier. I’m going to quickly jump into a demo account that we had set up. This is a demo account that we had set up to discuss some internal summaries. You can put in a password, and just jump in.
When you talk about collections, each collection is a set of patents that is relevant to a specific research team. There are some of the summaries that probably are requested by the client. There are 14 people who have access to the summaries. We also provide analytics on how many people have rated it. I’ll just show you like how the ratings work and how different people are submitting ratings. This is so that you know how important are the elements mentioned in this collection.
Fast Science – Patent Collections & Summary Requests
We show how many views does it have, and how many patents or papers this collection has and a short description. If I go within the collection, you will see that the summaries are listed. When I go inside it, it will pretty much be the same experience that I showed you a moment ago. It is the team with whom the collection is shared. It is the activity for each of the member or privileges, which I can explain later.
The one’s that can be seen are the members of the team right now. Thus, this is the activity within this collection. This means, I can see recently who viewed which summary and what did they say about it and so on and so forth. Finally, there are summary requests which if the client wants new summaries, they can directly order them to this interface. This is still under construction.
Finally, I can go back to collection and switch to a different collection if I want to view summary from a different collection. Hence, this would be it. These are the different aspects of the Fast Science experience, right now. Although, we’re still improving some of the features- adding, making it easier to have threaded conversations and so on. However, this is where the part stands right now. Over to you, Tanmay.
Fast Science Solving IP Roadblocks: Know How?
Tanmay Mittal speaking: Thank you, Vineet for the illustrative demo. Certainly the points you have captured are relevant, effective and, of course, result oriented. All the information presented here has caught me thinking about the numerous use cases of this tool. Thus, why not in the next part of our presentation we take few examples. This will help us to understand how this tool is equipped to solve various roadblocks faced by R&D organizations during their innovation journey. For that, let me just share my screen and move over to the slides.
I hope my screen is visible to all. We have seen how patent summaries and collaboration features make this tool smoothen dissemination of IP information, and foster collaboration. Let’s take a look at how FastSceince impacts each of these pointers that I haven’t mentioned on the screen. Talking about the R&D team, optimizing the time of your R&D teams is of utmost importance now.
Furthermore, through patent summaries on Fast Science, average time required for reading a patent is reduced from hours to minutes. We have seen through our internal study that for an average – sized patent an inventor generally spends 2-3 hours reading that information. However, when we provided them with a summary on the same patent using Fast Science we got feedback that we could do it in less than 10 minutes. Hence, I think this is pretty self-explanatory. Now inventors have the flexibility to focus on innovating. Instead of preparing presentations and, record keeping, through the collaboration features, inventors can pinpoint their thoughts on a particular element of a patent. They can also start threaded conversations with their peers or reviewers.
Moreover, they can get quick answers and they can quickly design around in an efficient manner. Not only this, but cross-functional collaboration and innovation witnessed a boost. This happens once you’ve tagged people who can scout alternative application areas of a particular element or concept that is highlighted in a particular patent. You can choose to summarize your own patent or your competitor’s patent. Either way, your R&D team would not find it difficult to read volumes of documents.
Stay Aware – Always
This tool has made reading scientific information an interesting activity rather than a task. You can expect that the R&D team will be better equipped with patent information and will be updated on the deck. If you choose to summarize patents involved in litigation, you get a third party interpretation of the claims under question. Therefore, this will help your in-house patent attorneys to understand and appreciate the broadest possible interpretation of the patent and prepare their arguments accordingly.
Make IP Reports Easy
I believe getting IP analytics done is just one part of the journey. The other part of the journey is to understand that report, and making inventors appreciate the results found in that report. Hence, with the use of Fast Science, making IP reports easily understandable is a cup of tea. Just get your top references or the top findings of a novelty search study or FTO search study or invalidity search study summarised on Fast Science. Moreover, your inventors will find it very easy to understand them, very easy to interpret the technology and design around it easily.
Not only the IP reports, one may also choose to get your IDF’s summarized. This will not only help decrease the ideal review timelines. Moreover, it will also provide opportunity for others to contribute in making the IDF stronger and more innovative.
As Vineet mentioned, with the platform’s agnostic architecture, you can review or read scientific information anywhere. Be it your daily commute to office, or a lunch break, anywhere. All the information is accessible to you everywhere on any platform, based on your organization’s security policy. Moreover, claim mapping has always been a trouble for the IP teams. You can make it easier through this. Mapping claims and making them easily understood by the R&D teams is quite easy using this tool.
Furthermore, there are numerous other ways where this tool can be used. Consider this tool as a whiteboard where you can draw your imagination and we can help you materialize that. In view of time, I have explained only a few in the hope that you will find them interesting. Therefore, I think we can move on to the questions part, now. This has been a wonderful session. I’m sure our listeners have great takeaways from this session and will be able to use several of these pointers when working on managing innovation for their businesses.
I hope we were able to cover most of the questions that were received. However, the one which we were not able to answer, we will publish them in the post webinar host. Thank you again for being a part of this presentation and sparing your valuable time with us. As already mentioned, Sagacious is offering a free trial of this to all the participants of this Webinar. The participants can drop us an e-mail firstname.lastname@example.org to get more information or to request a trial. Lastly, I would like to thank Vineet, for his illustrative demo and presentation. I also want to extend a big thank you to all our listeners who helped us start on time and stayed with us in the end of this presentation.