Patent Landscape Reporting: A Valuable Instrument For Effective Business Practices

As international and local markets are becoming increasingly interwoven, it is important to appreciate that any sector is more and more susceptible to disruptions resulting from local and foreign technological innovation, directly or indirectly related to a sector. In allowing an understanding of, and anticipating these disruptions patent data provides a critical source of information.

Reasoning for this lies in the fact that the prosecution of a patent to grant can be, and most often is, an expensive process, and therefore pursued at substantial cost to the applicant. Accordingly, it is generally recognised that patent activity by an applicant is an indication of high interest and potentially significant investment in the technology falling within the scope of the patent and the jurisdictions in which a patent is sought. By the logic above, if extrapolated to aggregated broader patent filing trends across a technological field, one would be able to identify