{"id":13638,"date":"2021-02-19T11:18:06","date_gmt":"2021-02-19T11:18:06","guid":{"rendered":"https:\/\/sagaciousresearch.com\/blog\/?p=13638"},"modified":"2024-11-13T08:57:31","modified_gmt":"2024-11-13T08:57:31","slug":"automated-patent-ranking","status":"publish","type":"post","link":"https:\/\/sagaciousresearch.com\/blog\/automated-patent-ranking","title":{"rendered":"Automated Patent Ranking: An Effective Way to Identify Quality Patents for Your Business"},"content":{"rendered":"\n<p>In this IP-driven age, companies are constantly trying to strengthen their IP portfolios, especially patent portfolios. This is to stay ahead of their competition and to avoid getting embroiled in patent litigations. To obtain a strong patent portfolio, companies not only need to evaluate their existing portfolios to identify and retain high-quality patents but also abandon the low-quality ones. Since identifying quality patents from a sizeable portfolio is often difficult for companies running on tight budgets and limited resources. Therefore, they usually look for solutions that enable them to identify such patents accurately and cost-effectively. Read on to discover <a>how companies can identify quality patents using an automated patent ranking tool<\/a>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e3725269993\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e3725269993\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaciousresearch.com\/blog\/automated-patent-ranking\/#Sagacious_IPs_Automated_Patent_Ranking_Tool\" >Sagacious IP\u2019s Automated Patent Ranking Tool<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaciousresearch.com\/blog\/automated-patent-ranking\/#Identifying_Quality_Patents_Using_Patent_Ranking_Tool\" >Identifying Quality Patents Using Patent Ranking Tool<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sagaciousresearch.com\/blog\/automated-patent-ranking\/#Case_Study_Ranking_Patents_of_the_Home_Automation_Industry\" >Case Study: Ranking Patents of the Home Automation Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/sagaciousresearch.com\/blog\/automated-patent-ranking\/#Final_thoughts\" >Final thoughts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/sagaciousresearch.com\/blog\/automated-patent-ranking\/#Having_Queries_Contact_Us_Now\" >Having Queries? Contact Us Now!<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sagacious_IPs_Automated_Patent_Ranking_Tool\"><\/span>Sagacious IP\u2019s Automated Patent Ranking Tool<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Despite the availability of numerous patent ranking tools in the market, most of them offer limited parameters for ranking. Understanding this limitation of the existing ranking tools, Sagacious IP built an automated patent ranking tool. This tool uses numerous objective parameters and assigned weights to assess the quality of patents. Some of the parameters used by the tool are forward citation count, backward citation count, number of family members. In addition to these,  prosecution time, pending life, big assignee count, type of assignee, and claim count are also there. This tool enables clients to use several parameters for ranking patents. And, also allows them to add and use more parameters in the future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Identifying_Quality_Patents_Using_Patent_Ranking_Tool\"><\/span>Identifying Quality Patents Using Patent Ranking Tool<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In Sagacious IP\u2019s automated patent ranking approach, all patents related to an industry are first extracted. Thereafter, a list of ranking patents parameters is set. These parameters act as quality indicators. Finally, the patents, as well as parameters, are fed into the patent ranking algorithm to get a set of ranked patents as an output (Fig. 1).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"933\" height=\"197\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig1.png\" alt=\"\" class=\"wp-image-13639\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig1.png 933w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig1-300x63.png 300w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig1-768x162.png 768w\" sizes=\"(max-width: 933px) 100vw, 933px\" \/><figcaption class=\"wp-element-caption\"><br><strong>Fig. 1: Overall Workflow of Sagacious IP\u2019s Ranking Algorithm<\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Case_Study_Ranking_Patents_of_the_Home_Automation_Industry\"><\/span>Case Study: Ranking Patents of the Home Automation Industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>IoT\u2019s home automation segment is rapidly gaining popularity due to rising innovation in the field and declining cost to the customer. Therefore, Sagacious IP chose this segment for patent ranking. For the study, our in-house team considered specific class codes and keywords that are pertinent to the home automation industry and identified more than 1000 patents for ranking. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"1077\" height=\"493\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig22-5.png\" alt=\"\" class=\"wp-image-13659\" style=\"width:1093px;height:518px\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig22-5.png 1077w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig22-5-300x137.png 300w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig22-5-1024x469.png 1024w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig22-5-768x352.png 768w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/02\/fig22-5-980x450.png 980w\" sizes=\"(max-width: 1077px) 100vw, 1077px\" \/><figcaption class=\"wp-element-caption\"><br><strong>Table 1: Patent Ranking<\/strong><\/figcaption><\/figure>\n\n\n\n<p>Next, the team considered certain parameters (green columns in Table 1), obtained relative scores for each parameter, and assigned weights to them. Thereafter, the team obtained an objective parameter score that enabled them to prioritize the patents. Notably, the high-quality patents were at the top of the patent ranking list. It is interesting to note that some of the leading companies of the world were ranked below some not-so-known companies and inventors in the patent ranking list. For instance, a patent from KIP Products (Rank 1) and an individual inventor\u2019s patent (Rank 2) held top spots due to their patent quality. Further, a patent from Samsung Electronics (Rank 4) is a litigated patent that companies themselves mine for enforcement. Inclusion of this patent in the list further validates Sagacious IP\u2019s patent ranking algorithm.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_thoughts\"><\/span>Final thoughts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Today, more than ever before, companies are looking for solutions that enable them to identify quality patents rapidly and accurately. This is because such patents help them to have a competitive advantage over others. Sagacious IP\u2019s proprietary automated patent ranking tool is a unique offering that helps in identifying quality patents and allows companies to side-step challenges associated with a sizeable patent portfolio. <a href=\"https:\/\/sagaciousresearch.com\/blog\/how-to-identify-the-gems-from-your-patent-portfolio-a-report\/\">Click here<\/a> to download our report on how to identify quality patents from your patent portfolio and <a href=\"https:\/\/sagaciousresearch.com\/blog\/identify-quality-patents\/\">click here<\/a> for our webinar on this subject.<\/p>\n\n\n\n<p>-Abhinav Mahajan (ICT Licensing), Dhananjay Kr. Das (ICT Sales) and the Editorial Team<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Having_Queries_Contact_Us_Now\"><\/span>Having Queries? Contact Us Now!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 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id='input_203_17' class='large gfield_select'    aria-required=\"true\" aria-invalid=\"false\" ><option value='' >Please Select Country<\/option><option value='United States' >United States<\/option><option value='Canada' >Canada<\/option><option value='United Kingdom' >United Kingdom<\/option><option value='China' >China<\/option><option value='India' >India<\/option><option value='North Korea' >North Korea<\/option><option value='South korea' >South korea<\/option><option value='United Arab Emirates' >United Arab Emirates<\/option><option value='Afghanistan' >Afghanistan<\/option><option value='Albania' >Albania<\/option><option value='Algeria' >Algeria<\/option><option value='Andorra' >Andorra<\/option><option value='Angola' >Angola<\/option><option value='Antigua and Barbuda' >Antigua and Barbuda<\/option><option value='Argentina' >Argentina<\/option><option value='Armenia' >Armenia<\/option><option value='Australia' >Australia<\/option><option value='Austria' >Austria<\/option><option value='Azerbaijan' >Azerbaijan<\/option><option value='The Bahamas' >The Bahamas<\/option><option value='Bahrain' >Bahrain<\/option><option value='Bangladesh' >Bangladesh<\/option><option value='Barbados' >Barbados<\/option><option value='Belarus' >Belarus<\/option><option value='Belgium' >Belgium<\/option><option value='Belize' >Belize<\/option><option value='Benin' >Benin<\/option><option value='Bhutan' >Bhutan<\/option><option value='Bolivia' >Bolivia<\/option><option value='Bosnia and Herzegovina' >Bosnia and Herzegovina<\/option><option value='Botswana' >Botswana<\/option><option value='Brazil' >Brazil<\/option><option value='Brunei' >Brunei<\/option><option value='Bulgaria' >Bulgaria<\/option><option value='Burkina Faso' >Burkina Faso<\/option><option value='Burundi' >Burundi<\/option><option value='Cabo Verde' >Cabo Verde<\/option><option value='Cambodia' >Cambodia<\/option><option value='Cameroon' >Cameroon<\/option><option value='Central African Republic' >Central African Republic<\/option><option value='Chad' >Chad<\/option><option value='Chile' >Chile<\/option><option value='Colombia' >Colombia<\/option><option value='Comoros' >Comoros<\/option><option value='Congo' >Congo<\/option><option value='Costa Rica' >Costa Rica<\/option><option value='C\u00f4te d\u2019Ivoire' >C\u00f4te d\u2019Ivoire<\/option><option value='Croatia' >Croatia<\/option><option value='Cuba' >Cuba<\/option><option value='Cyprus' >Cyprus<\/option><option value='Czech Republic' >Czech Republic<\/option><option value='Denmark' >Denmark<\/option><option value='Djibouti' >Djibouti<\/option><option value='Dominica' >Dominica<\/option><option value='Dominican Republic' >Dominican Republic<\/option><option value='East Timor (Timor-Leste)' >East Timor (Timor-Leste)<\/option><option value='Ecuador' >Ecuador<\/option><option value='Egypt' >Egypt<\/option><option value='El Salvador' >El Salvador<\/option><option value='Equatorial Guinea' >Equatorial Guinea<\/option><option value='Eritrea' >Eritrea<\/option><option value='Estonia' >Estonia<\/option><option value='Eswatini' >Eswatini<\/option><option value='Ethiopia' >Ethiopia<\/option><option value='Fiji' >Fiji<\/option><option value='Finland' >Finland<\/option><option value='France' >France<\/option><option value='Gabon' >Gabon<\/option><option value='The Gambia' >The Gambia<\/option><option value='Georgia' >Georgia<\/option><option value='Germany' >Germany<\/option><option value='Ghana' >Ghana<\/option><option value='Greece' >Greece<\/option><option value='Grenada' >Grenada<\/option><option value='Guatemala' >Guatemala<\/option><option value='Guinea' >Guinea<\/option><option value='Guinea-Bissau' >Guinea-Bissau<\/option><option value='Guyana' >Guyana<\/option><option value='Haiti' >Haiti<\/option><option value='Honduras' >Honduras<\/option><option value='Hungary' >Hungary<\/option><option value='Iceland' >Iceland<\/option><option value='Indonesia' >Indonesia<\/option><option value='Iran' >Iran<\/option><option value='Iraq' >Iraq<\/option><option value='Ireland' >Ireland<\/option><option value='Israel' >Israel<\/option><option value='Italy' >Italy<\/option><option value='Jamaica' >Jamaica<\/option><option value='Japan' >Japan<\/option><option value='Jordan' >Jordan<\/option><option value='Kazakhstan' >Kazakhstan<\/option><option value='Kenya' >Kenya<\/option><option value='Kiribati' >Kiribati<\/option><option value='Kosovo' >Kosovo<\/option><option value='Kuwait' >Kuwait<\/option><option value='Kyrgyzstan' >Kyrgyzstan<\/option><option value='Laos' >Laos<\/option><option value='Latvia' >Latvia<\/option><option value='Lebanon' >Lebanon<\/option><option value='Lesotho' >Lesotho<\/option><option value='Liberia' >Liberia<\/option><option value='Libya' >Libya<\/option><option value='Liechtenstein' >Liechtenstein<\/option><option value='Lithuania' >Lithuania<\/option><option value='Luxembourg' >Luxembourg<\/option><option value='Madagascar' >Madagascar<\/option><option value='Malawi' >Malawi<\/option><option value='Malaysia' >Malaysia<\/option><option value='Maldives' >Maldives<\/option><option value='Mali' >Mali<\/option><option value='Malta' >Malta<\/option><option value='Marshall Islands' >Marshall Islands<\/option><option value='Mauritania' >Mauritania<\/option><option value='Mauritius' >Mauritius<\/option><option value='Mexico' >Mexico<\/option><option value='Micronesia' >Micronesia<\/option><option value='Moldova' >Moldova<\/option><option value='Monaco' >Monaco<\/option><option value='Mongolia' >Mongolia<\/option><option value='Montenegro' >Montenegro<\/option><option value='Morocco' >Morocco<\/option><option value='Mozambique' >Mozambique<\/option><option value='Myanmar (Burma)' >Myanmar (Burma)<\/option><option value='Namibia' >Namibia<\/option><option value='Nauru' >Nauru<\/option><option value='Nepal' >Nepal<\/option><option value='Netherlands' >Netherlands<\/option><option value='New Zealand' >New Zealand<\/option><option value='Nicaragua' >Nicaragua<\/option><option value='Niger' >Niger<\/option><option value='Nigeria' >Nigeria<\/option><option value='North Macedonia' >North Macedonia<\/option><option value='Norway' >Norway<\/option><option value='Oman' >Oman<\/option><option value='Pakistan' >Pakistan<\/option><option value='Palau' >Palau<\/option><option value='Panama' >Panama<\/option><option value='Papua New Guinea' >Papua New Guinea<\/option><option value='Paraguay' >Paraguay<\/option><option value='Peru' >Peru<\/option><option value='Philippines' >Philippines<\/option><option value='Poland' >Poland<\/option><option value='Portugal' >Portugal<\/option><option value='Qatar' >Qatar<\/option><option value='Romania' >Romania<\/option><option value='Russia' >Russia<\/option><option value='Rwanda' >Rwanda<\/option><option value='Saint Kitts and Nevis' >Saint Kitts and Nevis<\/option><option value='Saint Lucia' >Saint Lucia<\/option><option value='Saint Vincent and the Grenadines' >Saint Vincent and the Grenadines<\/option><option value='Samoa' >Samoa<\/option><option value='San Marino' >San Marino<\/option><option value='Sao Tome and Principe' >Sao Tome and Principe<\/option><option value='Saudi Arabia' >Saudi Arabia<\/option><option value='Senegal' >Senegal<\/option><option value='Serbia' >Serbia<\/option><option value='Seychelles' >Seychelles<\/option><option value='Sierra Leone' >Sierra Leone<\/option><option value='Singapore' >Singapore<\/option><option value='Slovakia' >Slovakia<\/option><option value='Slovenia' >Slovenia<\/option><option value='Solomon Islands' >Solomon Islands<\/option><option value='Somalia' >Somalia<\/option><option value='South Africa' >South Africa<\/option><option value='Spain' >Spain<\/option><option value='Sri Lanka' >Sri Lanka<\/option><option value='Sudan' >Sudan<\/option><option value='South Sudan' >South Sudan<\/option><option value='Suriname' >Suriname<\/option><option value='Sweden' >Sweden<\/option><option 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