LexisNexis® PatentSight® – the advanced business intelligence solution for patents.
Gain insight into any patent portfolio
Optimize your innovation through a clearly defined IP business strategy and gain insight into new entrants and potential partners.
Base your decisions on competitive factors and measured actual performance of patent portfolios. Use industry-proven KPIs to keep track of progress.
Find answers to key questions. Define your country strategy. Increase portfolio efficiency and identify competitive advantages and weaknesses.
Identify revolutionary innovations and promising startups to gain a competitive advantage.
Efficiently assess the value and risk of acquisitions or alternatives and analyze portfolios for key patents, the technology fit, and answers to critical IP questions.
Analyzing all patent portfolios in all technologies means you can assess your most valuable patents for licensing and identify potential licensees.
Competitive intelligence & benchmarking
Stay ahead of the competition and disruptive technologies.
- Monitor and analyze competitors’ R&D strategies as well as competitive and technological landscapes.
- Identify emerging competitors and new entrants early.
- Provide proactive recommendations for strategy to top management.
Disruptive technology scouting
Spot upcoming competitors and disruptive innovations early on. Stay up to date on current technology trends and explore the patent landscape in any way you find insightful.
- Identify disruptive technologies.
- Reveal R&D trends.
- Explore complementary technologies.
Sustainable innovation analytics
Get actionable insights into how sustainably focused you and your competitors are using the objective and forward-looking measurement of patents. An unprecedented mapping of the global patent system to the UN Sustainable Development Goals (UN SDGs) makes sustainably focused innovation identifiable, searchable, and trackable.
- Identify growth opportunities in emerging markets.
- Gain competitive advantages in future-oriented technologies.
- Support strategic decision making for sustainable investments.
- Increase stakeholder engagement and funding.
Successfully mitigate risks that can harm your IP department and business. Keep track of your competitors in your recent and potential technology fields and avoid:
- Being unaware of an up-and-coming competitor
- Missing out on important technological trends
- Threats from non-practicing entities (NPEs)
- Patent infringements, particularly on Standard Essential Patents (SEPs)
R&D and innovation
Improve your innovation performance through a deep knowledge of technologies, competitors, and partners.
- Gain a comprehensive overview of innovation landscapes.
- Identify growth areas.
- Monitor the actions taking place in your competitive environment.
Portfolio management & optimization
Determine your patent portfolio’s competitive strengths and weaknesses to better understand what strategies or actions are necessary to stay ahead of competition.
- Increase portfolio efficiencies.
- Define country filing strategies.
- Manage annuity costs.
- Uncover pruning potential and cost-saving opportunities.
Identify the companies building on your portfolio. Through high-quality subsequent art monitoring, find promising licensing opportunities that help you turn your patent department from a cost center into a profit center.
- Find your most valuable patents for licensing.
- Identify potential licensees.
- Pinpoint standard-relevant patents.
- Determine your leverageable position.
PatentSight advantages at a glance
- Our patent experts, economists and IT engineers ensure that our platform always stays in line with the latest IP management requirements.
- Harmonization of ownership and up-to-date information on the legal situation ensure you have an accurate picture of the patent landscape.
- We support you – and we aren’t satisfied until you are.
- Create workflows and save or share them with your colleagues as predefined workbooks.
- Export your analyses into a clear presentation with just a few clicks.
- Integrate data from internal lists or third-party software.
- Fast: There’s no limit on the amount of data you can analyze.
- User-friendly: Create filters, reports, and charts via drag and drop.
- Flexible: Analyze large portfolios or complete technology areas, or refine your research down to individual patents.
Assess patent quality using Patent Asset Index — an objective measure of global technological strength and impact.
Save time working with pre-corrected applicant data, including information related to recent M&A activity.
Rapidly distinguish between patent families that are in force, pending or inactive, allowing you to focus your analyses on active patent families only.
Conduct objective patent analyses against the United Nations Sustainable Development Goals.
Analyze technology fields of any size with unlimited processing power.
Drill down from technology landscapes to corporate portfolios to individual patents or patent families.
Impress colleagues and key decision makers with previously unknown insights.
Benefit from pre-defined technology fields.
Uncover cost savings in your patent portfolio.
Stay ahead of the innovation curve
Learn how others see you, and survey your market companions from a new perspective.
Patent Asset Index™
An objective measure of technological strength and influence worldwide
What is the Patent Asset Index?
The Patent Asset Index is a scientifically developed objective measure used to evaluate innovation in LexisNexis® PatentSight®. The Patent Asset Index™ in PatentSight considers both the number and quality of actively protected inventions. This scientifically developed and tested method has been used for years by leading companies across many industries. Numerous companies rely on the Patent Asset Index to illustrate the performance of their patent portfolios in annual reports and communications to shareholders.
Our research has shown that the value of a patent depends mainly on two factors: other patents being filed that build on the technology protected by the patent in question and the geographical scope of patent protection. Simply put, a patent is considered more impactful when it leads to further inventions and is protected in multiple authorities. Patent Asset Index is measured based on two separate indicators, Technology Relevance and Market Coverage.
The Patent Asset Index methodology
The Patent Asset Index of a patent portfolio is defined as the total performance of all patents included in the portfolio. The performance of each individual patent is measured based on Competitive Impacts™. The Competitive Impact consists of two measures: Technology Relevance™ and Market Coverage™.
The Technology Relevance is based on forward citations. Patent offices examine all patent applications to determine which prior patents new inventions are based on. If a patent is relevant to technological development in a particular field, subsequent patents will build on it and the original patent is often referred to by patent offices as prior art, or state of the art in Europe and Australia.
Technology Relevance measures whether a patent has been cited more often than other patents in the same technology area from the same year. The total number of patent citations received depends not only on the relevance of the patented invention, but also on the time that has passed since the patent was published. Patents that have been published more recently tend to have much fewer citations than older patents. The influence of time on the number of citations is corrected for by dividing the number of citations of a patent by the average number of citations of all patents published in the same year.
Technology Relevance also takes into account how international patent offices follow different citation rules.
Market Coverage measures the total size of the world market for which patent protection exists. The more patents companies own in key markets, as indicated by high Market Coverage figures, the more valuable the patents are, as innovators spend more on patent protection in multiple markets when they believe an invention is more valuable.
This makes the degree of international patent protection an important indicator of the value of a patent. Market Coverage is calculated based on the number of patents granted and applied for, i.e., valid patents per country, and is adjusted based on the size of each market. The size of each market is estimated using the countries’ gross national income (GNI) relative to U.S. gross national income, as the largest economic power. Alternatively, Market Coverage can be calculated based on industry-specific market size data.
Competitive Impact is calculated at the patent family level and represents the relative business value of each patent family. Competitive Impact is the economic value of patents as measured by multiplying the Technology Relevance and the Market Coverage of each patent family.
It is stated in comparison to other patents in the same field. For example, a value of three means that the patent is three times more important than the average patent in that field.
The Patent Asset Index is the measure of the overall performance of the patent portfolio, calculated as the sum of the Competitive Impacts of all patents in the portfolio.
Streamline your IP analytics workflows
Empower all the stakeholders in your workflow with user-specific access to your analyses on PatentSight. Share entire workbooks and analyses with the broader team, allowing them to review the insights without fear of anyone introducing unintended changes to the search criteria or charts.
Access controls to enable seamless collaboration
These restrictions allow a seamless flow of analyses, insights and feedback between various levels of stakeholders in an organization. Industry leaders take advantage of these access controls to significantly reduce redundancies and improve organizational workflow performances.
Permissions to share workbooks with team members and grant individualized access rights. Workbooks can be shared by enterprise users with stakeholders and offer three levels of access control to them.
Access workbooks that are ready for review and include comments or adjust search criteria according to the insights needed.
Directly access all the insightful analyses created by your team within PatentSight. A reader account is best suited for the following roles in an organization: Head of IP/R&D/technology, CTO etc., internal consultants/analysts, and other organizational decision makers interested in technology insights.
LexisNexis® PatentSight® answers key IP questions
Compare IP development over time and examine both quantity and quality in any patent portfolio. You can use historical analysis to gain insight into your competitors’ strategies. Analyze a company’s entire patent portfolio, a specific technology field, or individual patents.
Identify leading or disruptive technologies among the enormous number of patents worldwide. This applies regardless of whether you are analyzing an established technology field dominated by multinationals or an up-and-coming market pioneered by startups. Small startups can be spotted early, even when other stakeholders in the same space are filing many more patents.
Don’t neglect the current patent situation in mergers and acquisitions. Preparatory patent research should include the following questions:
- Is the target company dependent on another competitor?
- Could this possibly lead to a legal dispute?
- Does the target company own intellectual property that is influential in its industry?
- Are its patents of interest to a specific competitor?
With PatentSight, you can find answers to these and other IP questions, and gain insight into critical patent situations or unexpected profits. You’ll find ample information that goes far beyond what you would find on company balance sheets.
Identify patents with a high external and low internal relevance by analyzing the prior art. This can help you to determine which patents may be suitable for licensing. You can also profile potential licensees to investigate the way they work and their potential willingness to pay.
While patent data is publicly available and can be sourced from patent offices worldwide, the quality of the raw data is often insufficient for decision making.
A common reason analysts struggle to work with patent data is incomplete ownership information. Patents do not necessarily state the entity ultimately controlling them. They might be filed under various names such as subsidiaries or inventors, making it almost impossible to create a holistic company profile. Without knowing which company has the commercial power over an invention, analyses become void.
Enhancing raw, global patent data with value-add data and data enrichments enables businesses to get a better understanding of patent portfolios—their own and those of competitors, partners, potential licensees or M&A targets.
Another challenge with the raw data is ambiguous legal status information. Patents usually have a lifetime of 20 years but may go inactive well before they reach their maximum lifetime for reasons such as invalidation or lack of fee payments.
Companies sell individual patents, entire business units, and even merge or get acquired. Therefore, complete tracking of ownership changes and the remaining lifetime of patents is required to produce reliable insights from patent data analytics.
Industry leaders trust LexisNexis® PatentSight®
More PatentSight benefits
Improve your workflows with alerts
Leverage interactive and customized charts.
Export your analysis with just a few clicks to a board-room-worthy PowerPoint presentation.
Enjoy enterprise-ready collaboration and workflow features.
Watch the IP landscape developing over time.
Integrate external data from internal lists or third-party software.
Identify NPEs in your technology field with ease and spot all non-practicing entities’ threats.
Get faster and more reliable answers by effectively prioritizing the results of your FTO search.
Identify standard essential patents in your competitive environment.
Want to learn more about LexisNexis® PatentSight®?
Then please fill out the following contact form. We will contact you to arrange an appointment, online demo or trial access.