Perform a patent portfolio analysis in 5 minutes
When most people think of ‘patent portfolio analysis’ some words that come to mind might be outsourcing, time consuming, expensive and painful. These thoughts are all fair because historically the process has been all of these things.
Cue PatSnap Landscapes – a tool with the ability to perform such analyses in minutes as many times as you like. No more outsourcing with costs in the tens of thousands, no more back and forth when searches are incorrect, and no more waiting upwards of three weeks for the reports.
Simply create a competitive dashboard with the companies that you would like to view. In this case we are going to look at three competitors in the pharmaceutical space: Abbott Laboratories, AstraZeneca, and Novartis.
Assign each company you want to view to a group which is represented by a certain color. Finally, generate the landscape. As you can see below you will be presented with a 3D interactive landscape showing all of the patents applied for and granted by the competitors that you selected. Each patent can be clicked on and viewed to see its value as well as all of the information that exists surrounding it.
Even on this landscape above you can see where each company is innovating by the stand alone dots. You can also identify saturated areas of the market by the clusters and white space by the areas that are untouched. Within 5 minutes you have created a competitive landscape that allows you to draw all kinds of insight that would have otherwise cost you a fortune and taken ages to actually receive.
To find out more about how landscaping can benefit your organization, click on the link below.