Predicting Innovation Through Patent Data From Nexis® Data as a Service

12 May 2021 00:00

Predicting Innovation

Why is patent data so valuable to organizations? Patents aren’t just about who invented what and who owns the rights to it. They have high predictive power since the average time from patent to product is between 2 and 5 years. Data modelling is one of the most powerful applications of patent data for today’s data scientist, allowing organizations to remove language barriers and empower their systems for sophisticated, nuanced learning.

Wouldn’t it be invaluable to know what is coming next in technology? Gain unparalleled innovation insights with LexisNexis IP data. Nexis Data as a Service offers users access to comprehensive and easy-to-use data for patent analytics and patent research. Our combination of data sources and cutting-edge technology helps bring transparency to the global innovation landscape.

The LexisNexis® IP Data Direct - Patents (IPDD) offers access to comprehensive patent data from 100+ authorities spread over a 30+ year archive, which lets users analyse patents across a particular market or portfolio. This comprises all the latest patent data (over 100 million documents), with images, available from major authorities.

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