Patent Portfolio Optimization
Being proactive on your patent portfolio strategy will ensure you are optimizing your patent portfolio and rightsizing it in key technology areas to optimize your budget and spend.
Why Portfolio Optimization is Essential
Strategically managing your portfolio so you optimize your budget to achieve your business goals is continuous and requires constant review.
New competitors, evolving or new technologies can all impact your portfolio. How can you make sure you are able to proactively manage your portfolio for budget cuts, changing landscapes to reduce risk and deliver value?
Only 19% of Patent Owners Think That Their Patent Portfolio is Optimized
This was a finding from a survey – “How Many Patents Are Enough?” – conducted by LexisNexis Cipher.
“It is generally accepted that an organisation can have too many or too few patents. While finding and maintaining the equilibrium will always be challenging, strategic patent intelligence offers the analysis required for evidence-based decisions which are capable of withstanding robust scrutiny.”
Are You Asking Yourself These Questions?
How strong is my
patent portfolio?
How can I ensure a strong patent portfolio in the right technology areas to enable business continuity?
How can I optimize international filing?
How can I develop a pruning strategy?
How can I demonstrate value for money effectively?
Am I spending too much on maintaining the patent portfolio?
How can LexisNexis PatentSight+ help you with Portfolio Optimization?
Data Quality
& Coverage
To address the challenges with patent data quality, including incomplete owner information and ambiguous legal status.
Get more accurate insights by incorporating multiple data types that have been rigorously cleansed, quality checked and enriched.
Actionable
Insights
To more efficiently navigate the complexities of IP and move beyond tactical management of patent portfolios.
Increase depth and speed to insights through powerful AI-driven analytical capabilities and proprietary metrics.
Impactful Visualizations & Communication Tools
To eliminate the perception of IP as a cost center and better communicate its value to the business.
Optimize workflows, boost efficiency, and elevate IP awareness and storytelling through powerful visualization tools.
LexisNexis PatentSight+ enables High value strategic decisions and is used by 100s of patent owning organizations by IP and patent teams and across the organization.
Frequently Asked Questions about Portfolio Optimization
Depending on the industry your company is in, and its overall business targets, you may find that that the status of your portfolio may be very different to those of comparable enterprises.
How strong is my patent portfolio?
Being able to determine your patent portfolio’s competitive strengths and weaknesses is key to understanding what strategies or actions will be necessary to stay ahead of the competition and identify if you are spending your budget in the right place.
How can I ensure a strong patent portfolio in the right technology area to enable business continuity?
Ensuring your portfolio is strong in the key technology and business areas you operate in, to enable a good defensive wall or cross licensing opportunities.
How can I optimize international filing?
Are you filing in the right countries compared to your competitors? Where can you save on international filings and where should you be growing?
How can I develop a pruning strategy?
Are you pruning your portfolio effectively enough to keep costs down while not sacrificing licensing potential? Where can you prune with the least impact? How should you respond to a budget cut?
How can I demonstrate value for money effectively?
Communicate your patent strategy to justify your patent budget and annuity fees through patent analytics that your CFO and Finance team will understand and buy into.
Am I spending too much on maintaining the patent portfolio?
After a certain amount of time, patents with no citations may no longer be technologically relevant. Identify technology areas where non-relevant patents are active and quickly identify patents that could be pruning candidates. Look at the annuity fees and find out how much these patents will cost you if you maintain them until the end of their lifetime.
More use cases enabled by patent analytics
Become more effective at managing your patent portfolio, identify worldwide relevant patents and technology trends, assess the competitive landscape, find partners and licensing opportunities.
R&D & innovation
Competitive intelligence
Technology scouting
Risk assessment
Licensing & monetization
Sustainable innovation
Uncover cost savings in your portfolio
PatentSight+ annuity fees help you to gain transparency about the costs your company is facing and enable you to make better-informed business decisions.
Portfolio Optimization: Customer Stories
Increasing Patent Portfolio Strength and Patent Income at Siemens
Learn how Siemens leverages LexisNexis® PatentSight® to increase their patent portfolio strength and patent income.
How PatentSight® Data Analysis Helps Han Santos Become a True Partner and Strategic Advisor to its Clients
Han Santos helps its clients advance their business objectives by protecting, maximizing and leveraging their IP assets.
How Skai Analytics Uses Patent Data to Find Market Trends Early
Skai Analytics develops a data tool for companies that are looking for profound insights on the latest market trends.
How an Entrepreneurial Law Firm Maintains Its Competitive Edge Using Patent Prosecution Analytics
Read how the LexisNexis PatentAdvisor®️ solution is allowing an entrepreneurial law firm to increase transparency, set expectations and win more clients.
Unlock the true value of your portfolio
Learn how to profit from sound patent analysis.
We would love to get to know you and show you some invaluable insights into the IP landscape. We can:
- Talk about your current priorities in IP analytics
- Give you an external view on your portfolio
- Show you how others see you and survey other market players from a new perspective
Submit the form, and we’ll be in touch.