{"id":22128,"date":"2022-03-14T01:20:00","date_gmt":"2022-03-14T01:20:00","guid":{"rendered":"https:\/\/sagaciousresearch.com\/blog\/?p=22128"},"modified":"2023-03-29T03:55:23","modified_gmt":"2023-03-29T03:55:23","slug":"patent-mining-unlocking-the-latent-value-of-your-patent-portfolio","status":"publish","type":"post","link":"https:\/\/sagaciousresearch.com\/blog\/patent-mining-unlocking-the-latent-value-of-your-patent-portfolio","title":{"rendered":"Patent Mining: Unlocking the Latent Value of your Patent Portfolio"},"content":{"rendered":"\n

Despite the disruption caused by the COVID-19 pandemic, the number of patent filings has been on an upswing. Almost 3.3 million<\/a> patent applications were filed in 2020, recording an increase of 1.6% as compared to 2019. This extensive patent data presents an unprecedented opportunity to derive actionable business insights out of it. Similar to the concept of data mining, we also have patent mining to make sense of patent data. Simply put, patent mining is the act of mining specific patents from an extensive database. It entails identifying IP assets to license, sell, abandon, or acquire to enhance the portfolio’s efficiency. Patent mining is done with business goals in mind and could be performed manually, or automatically with state-of-the-art tools.<\/p>\n\n\n\n

This article will discuss the concept of patent mining, its need, several tasks involved, and more.<\/p>\n\n\n\n

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Table of Contents<\/p>\n