OTTAWA, Ontario, April 25, 2014 /PRNewswire/ -- For World IP Day 2014, TechInsights, the leading provider of intellectual property consulting, patent brokerage and technical analysis services, takes a look at the significant issues impacting technology patent owners.
Intellectual property (IP) and patents continued to experience increased shareholder, media and public awareness throughout 2013, and this will be ongoing in 2014. Market pressures, and successes from IP trail-blazers, have led more businesses to focus on the role that their patent portfolios play in meeting their business goals.
Meanwhile, expect upheaval in the world of the patent assertion entities (PAEs) due to regulatory changes and the patent system review by the Federal Trade Commission. We have seen a veritable lobbying war developing in the US between PAE patent owners and the operating companies who develop and ship products, resulting in extreme scrutiny of the patent system. This may yield some strange bedfellows and most certainly many media column inches.
"Shortened technology cycles, the increase in patent monetization programs, combined with the pressure to drive business value mean that timely access to fact-based decision support is crucial to success," says Mike McLean, SVP IP Services, TechInsights. "Rigorous patent analytics supported by technical analysis can de-risk technology and patent investment decisions; improve the effectiveness of portfolio monetization programs and improve patent quality."
TechInsights' five trends shaping the patent space over the coming months can be read here.
TechInsights helps IP owners maximize the value of their patents through portfolio assessment, understanding cross-market applicability and advising on development, assertion and divestment strategies. We possess the world's most comprehensive technical body of knowledge gained from a quarter century of reverse engineering excellence in semiconductors, electronics and software. Our experts in understanding and mapping technology to patents have helped clients, including over half of the top 50 US patent holders, gain the most from their IP assets.
To learn more, visit www.techinsights.com.