HORSHAM, Pa., May 15, 2019 /PRNewswire/ -- LexisNexis IP has integrated its comprehensive full-text patent data into LexisNexis PatentSight, a premiere patent analytics solution. Customers of PatentSight® business intelligence solution can now access:
Over 100 million patent documents in English
Approximately 700 million drawings and images of inventions
Nearly 100 million PDFs that are searchable (OCR) and fast to download
PatentSight evaluates worldwide patents using a scientifically developed proprietary methodology, the Patent Asset Index™. This index differentiates high value patents from less important ones, which is critical for reliable patent analysis. PatentSight customers can identify opportunities, threats and new areas of technology by analyzing the patent portfolios of competitors, suppliers and customers. In addition to the full-text search feature, PatentSight comes with a similarity search tool that uses artificial intelligence to find similar patents. Pre-defined trendsetting technology fields such as autonomous driving, blockchain, machine learning, robotics and others are also directly accessible in PatentSight.
Because of its innovative approach, PatentSight has been nominated as a SIIA CODiE finalist in the Best Big Data Reporting and Analytics Solution category. "The integration of full-text data into PatentSight will efficiently streamline the patent analytics workflow process for patent departments, R&D groups, innovation centers, investment companies and other patent-driven companies, as well as law firms. There will be no need to switch between multiple software tools. Customers will find the patent search information matched with the analytical tools needed to reveal strategic insights," said Joe Froehlich, Vice President and Managing Director of Global Commercial Markets at LexisNexis IP.
Nils Omland, founder and CEO of PatentSight, added, "We are delighted to offer full-text content; this is just a first step to integrate more valuable content from LexisNexis into our solution. This will give us the opportunity to continue developing tools that provide unique, reliable and relevant insights into the patent landscape and take patent analytics to the next level."
LexisNexis IP is the provider of best-in-class information-based solutions and services to meet the broad needs of the global Intellectual Property market. Our customers include the U.S. Patent and Trademark Office, IP-driven companies and law firms across the globe. The corporate culture is driven by a commitment to excellence, innovation, and a strong dedication to its customers, employees and community. LexisNexis IP is a division of Reed Tech, a LexisNexis company. Reed Tech has been recognized as an innovator in the patent arena and has electronically captured and prepared for publication two-thirds of all U.S. patents ever granted by the U.S. Patent and Trademark Office (USPTO).
About LexisNexis Legal & Professional
LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 130 countries with 10,000 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.