Last year Cipher conducted a global survey in collaboration with IAM to ascertain whether organisations believe they have too many patents, too few or both, whether their business strategy is aligned with their portfolio and indeed, what strategic purpose their portfolio serves. And the results have been eye-opening. Uncovering some hidden truths around patent portfolios, the Cipher Report on Portfolio Optimisation has finally gone viral.
Four key findings have come to light:
- Over $40 billion is spent on patents each year, but less than 20% of companies report that their patent portfolio is the right size
- Strategic investment in patents mitigates exposure to damages and royalties, an estimated 5% of company revenue
- Patent strategy is increasingly being scrutinised by the C-suite and Board
- Improvement in AI and machine learning means that on average 9% of their patent budgets are invested in Strategic Patent Intelligence
In a world where economic growth heavily depends on technology and the IP rights that protect those investments, Cipher has put forward a suggested model to optimise your portfolio, so that you might have confidence that your portfolio is, indeed, fit for purpose at all times.
For more information visit Portfolio Optimisation, or contact us directly to discuss whether this approach might be beneficial to you.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
