Navigating the future of IP through insights and expert interactions

INSIGHTS

The Intellectual Property ecosystem is undergoing a massive change. Technology itself is evolving at a faster pace than ever and the likes of AI and Blockchain will affect the tools and services landscape of the IP industry. Sagacious IP Analysts keep up and ahead of this change by working on cutting edge needs of our IP clients and synthesizing and digitizing our methodologies to deliver faster and better.

Read below some of our insights on the future of IP and also perspectives from the “Future of IP” Talks delivered by Global IP visionaries.

Humanoid Robot Related Patents – The Future of Robotic Evolution: The representation of a humanoid robot is not entirely alien to us. Also, sci-fi movies have played a big role in our understanding of such robots.

Colored 3D Marks: Trademarks of the Future: Three-dimensional (3D) trademarks are a specific and unique subset of a trade dress. Conventionally, a trade dress included packaging and labeling, however today, it also involves a complete commercial image of a product.

The digital age has reshaped almost every aspect of our lives, including how we live, through products that make our homes smarter. Bill Gates, founder of Microsoft Corporation, began building his smart home in 1988 and finished in 2005.

There was a time when people would wonder if meat could originate from plants. The mere idea to replicate the taste, texture, appearance, as well as protein intake found in meat, seemed unfathomable. Fast forward to today, when technological advancements in the food industry, have transformed this mere idea into reality.

F3 Analysis is an award-winning solution from Sagacious IP for Patent Portfolio Optimization. Effective patent portfolio management is the key to leveraging inventions to increase business value. Patent portfolios are normally full of high-value patents which help companies to unlock a new revenue stream and establish themselves as market leaders.

INTERACTIONS

Sagacious strongly believes in sharing its expertise in the field of IP through various interactive webinars involving the Global leaders of IP. Check out our upcoming webinars and past webinar recordings below.

Upcoming Webinars:

Why this topic is critical for the target audience? 500,000+ Patent & trademark (TM) applications are filed globally every year. Hence, it’s crucial to manage dockets that help in tracking applications by keeping a…

Past Webinars:

Mitigating ‘Climate Change’ is a major challenge and transition to renewable energy for reduction of GHG are critical for its success. Technology solutions deployments are still not at speed even though they are developed…

Day 1: IP & SMEs in Europe: Taking your Ideas to Market -Webinar: Europe’s economy relies heavily on small & medium-sized enterprises (SMEs), which make up 99% of all businesses in the EU region….

Patents being intangible assets pose a challenge in determining their true value. Companies or inventors cannot negotiate a deal, i.e., M&A, licensing, or sale of patents, without knowing their true value. Patent Valuation, therefore,…

FUTURE OF IP TALKS

How Patent Information Professionals Maximize Value Creation for Corporate IP departments

Guest Speaker – Mr. Hanns Hallesius

Moderator – Faiz Wahid, Regional Head, Europe

Other Major Attendees – President Tarun K. Bansal and CEO Anant Kataria

Key points covered:
Summary:

On June 3rd, 2021, we invited Mr. Hanns Hallesius of Hallesius Consulting AB as the second guest speaker on our exclusive series of Global IP Leadership Talks. At the outset, Faiz Wahid, Regional Head – Europe at Sagacious IP and moderator for the session, welcomed and introduced the guest speaker – Mr. Hanns Hallesius. Then, Mr. Hanns took over the session and began talking about IP departments in the corporate world and the different IP services managed by them, including renewals, translations, searches, filings, and prosecution. He then moved on to talk about supplier management where he explained the complete supplier ecosystem while also highlighting the role of service providers. To better explain the role of service providers, he further discussed search providers including IP law firms, search companies, and technology providers, as well as what is expected out of them. While on the topic, he shared some interesting insights from a test that was conducted to evaluate a set of search suppliers. Next, he discussed the management of different types of searches, especially landscape, freedom to operate (FTO), patentability, and invalidity searches in a product manufacturing company, while also highlighting the development phases in which these searches are conducted. He also added that there is a need to move from reactive to proactive approaches, i.e., IP departments need to be involved right from the beginning rather than being asked to review an invention or product after it is made. Lastly, he shared some useful tips on how service providers can manage their clients effectively. This data-driven and insightful session was followed by closing remarks from Mr. Hanns, a Q&A session, and a vote of thanks from President Tarun K. Bansal, CEO Anant Kataria, and the moderator.

The Future of IP

Guest Speaker – Mr. Ciaran McGinley

Moderator – Faiz Wahid, Regional Head, Europe

Session goals:
Key points covered:
Summary:

At the outset, Faiz Wahid, Regional Head – Europe at Sagacious IP and moderator for the session, welcomed and introduced the guest speaker – Mr. Ciaran McGinley. Then, Mr. McGinley took over the session and began by introducing the Oxford Scenario Planning Approach (OSPA), an approach that allows people to enhance their understanding of a specific situation and devise novel strategies. He highlighted that OSPA approach can be applied to IP and IP can be reframed in different ways depending on interests, perspectives, intentions, and values. Further, in order to navigate the turbulent, uncertain, novel, and ambiguous (TUNA) world, we need to attend to what is framed out, accept multiple framings will always exist and let go of unhelpful framings. Next, he discussed trends, issues associated with trends in general, viewing scenario planning as an outside-in approach and how the outside-in approach can be applied to Sagacious IP. He also added that scenario sets describe what might happen to us and are always about external contexts. On the other hand, strategies and options are about what we can do to be successful and this might differ in each scenario. Thereafter, he shed light on some IP trends wherein he discussed US patent filing data from 1951 to 2019. This included data of US 1st filings and foreign filings in the US. Notably, US 1st filings were affected by factors such as the Bayh-Dole Act (1980), patent licensing that took off with IBM (in 1990s) and the financial crisis thereafter. These filings, however, have been flat since the past 5-7 years due to no major changes. On the other hand, foreign filings in the US were driven by globalization. After highlighting this past data, he discussed how the IP system has evolved over the past 20 years using business, geopolitics, society, and technology as scenario lenses. Further, he discussed how the IP system will evolve in the next 20 years using business, geopolitics, society, and technology as scenario lenses while also highlighting some emerging IP drivers such as debt, increasing dominance of AI, global migration, UN’s sustainable development goals, virtual currency, Westlessness and emergence of India in the IP world. Lastly, he talked about how we can prepare for an uncertain future, wherein he stated that there are four plausible worlds driven by business, geopolitics, society, and technology. Therefore, we need to develop and test our strategy to check if it is robust against these four different worlds. This insightful session was followed by closing remarks from the key speaker, a Q&A session and the moderator’s vote of thanks.

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