Listen to this articleLexisNexis IP specializes in patent analytics, data analytics, citizen services and management of your regulatory data. Patent analytics enable companies and their legal counsel to visualize trends on a scale and depth that were never possible before. They do this by allowing professionals to grasp key data points and capitalize on trends that were previously hidden. It is now possible to see and understand significant patterns far more clearly and adapt patent strategies accordingly. The result of all this is that IP decision makers can better manage entire portfolios as well as individual applications to optimize their decision making process for patent drafting, prosecution and protection. Below is our interview with Chris Holt, Vice President of Patent Analytics, LexisNexis® and Brian Elias, Director of IP Product Planning LexisNexis:
Q: What are your thoughts about patent analytics and their potential to assist IP practitioners with patent prosecution?
A: Before the introduction of patent analytics, patent professionals had to essentially work from the gut. For example, there was no concrete data about which art units were relevant, how their rejections compared to the industry average or where the potential weaknesses might be with each patent submission. Now, patent analytics allow for more strategic patent prosecution which can result in lower prosecution costs while facilitating the prosecution of higher quality patents. For example, knowing your patent examiner generally grants patents quickly and has a low average number of office actions, can tell you not to negotiate too heavily but rather to work to retain broader claims. Moreover, patent drafters can quality check their patent claims and analyze specific claim elements so that they can find items within their claims that are too vague, lack sufficient support in the disclosure or have been adjudicated in a patent related decision. In addition, patent analytics are useful for patent prosecutors because they can provide automated detection of claim anomalies, improper recitations and suggest better, more appropriate language. Another application for patent analytics is it can also help companies evaluate how their legal counsel is performing against their peers. Firms can use this information to compare their performance against competitors when marketing their services. These examples are just a few of the growing list of ways to apply patent analytics. In short, patent analytics are a breakthrough in the patent world because they help drive better, more predictable outcomes while decreasing costs.
Recommended: TrenData Delivers Actionable People Insights To Help Companies Optimize The Performance Of Their Workforce
Q: What specific products do you offer to help patent professionals leverage patent analytics?
A: We offer LexisNexis PatentAdvisor®, a suite of tools that helps patent professionals improve prosecution performance. PatentAdvisor helps users understand why certain patent applications take longer than others to reach allowance — then use that knowledge to devise better strategies and manage an entire patent portfolio, and evaluate both in-house and outside IP counsel. It is a data-driven patent strategy tool that provides a systematic approach to guiding an effective patent prosecution strategy and better manage an IP portfolio.
To provide patent professionals with a critical quality control tool for patent drafting, we offer LexisNexis PatentOptimizer®. Created by patent attorneys for patent attorneys, PatentOptimizer® patent drafting technology streamlines patent analysis, enables superior word choice and language selection and serves as a quality control check when drafting patent applications or dissecting issued patents. The service allows users to identify the best language for their applications, check their claims for proper antecedent basis and support in the disclosure, review relevant court rulings, confirm part labeling and numbering and optimize their filings to avoid Section 112 rejections.
Q: Can you provide our readers with a brief introduction to LexisNexis IP Solutions?
A: At LexisNexis IP Solutions, we are driven to provide best in class tools to assist IP professionals across the patent workflow with tools that support better patent research, patent prosecution and patent drafting. We are committed to continually improving our solutions with ongoing investments and innovation for the products and services we deliver. In order to ensure our tools delight our customers, we provide ongoing customer support and training.
As an organization, LexisNexis is fully committed to advancing the rule of law globally. Patents are “a vital first step in lifting nations out of poverty.” LexisNexis IP is committed to using its expertise in IP to support the LexisNexis mission to bring the percentage of people living outside the umbrella protection of the rule of law down to zero.
Recommended: Pienso Raises $2.1M Seed Funding To Help Non-Programmers Interact With The Machine Learning Algorithms Directly
Q: Can you give us a glimpse into your future product development plans at LexisNexis IP Solutions?
A: We have a number of product enhancements and new tools on the way that will make our offerings even more robust and valuable for patent professionals. For example, now that we’re seeing a little bit of a thaw for Alice applications, we’ve developed LexisNexis Custom Reports for Alice. These are custom reports that review a company’s Alice applications and suggest ways to help patent prosecutors overcome §101 objections.
In addition, we have some exciting product launches in the pipeline right now and expect to be rolling those out in the months to come. So stay tuned, we’ll be sharing those details soon!
Activate Social Media:
