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Showing posts from April, 2023

The Top Reasons Why You Need to Subscribe to a Commercial Patent Database

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  Patents serve as an early indicator of new technology, and businesses can gain valuable insights from patent searching and analytics from creation to monetization. Every year millions of patents are filed. According to a search conducted in PatSeer, 5.36 million patent applications were filed globally in 2018.   Patents enable you to identify new trends, how to maintain competitive standing in the market and quickly introduce new products.   Patent information is available for free in national and regional patent office databases. However, a commercial patent search software reduces the hours you spend searching different sources and allows you to access better data quality, translations, coverage and search functionalities. So it easier for you to discover meaningful relationships and make actionable reports with detailed insights. We will examine the main reasons why investing in a commercial patent database is useful for various stakeholders. Innovators – For c...

Trends in patent filings for digital biomarker technology companies worldwide

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  Digital biomarker technology is used to collect and measure behavioral & physiological data to predict or influence health outcomes using implantables, digestibles, or wearables. Devices which use digital biomarkers include Apple Watches, FitBits, and Oura rings. According to recent research reports, the digital biomarker market is projected to be worth USD 24.5–25 billion by 2030 with a growth rate of 36–37% in the forecast period. To get a better impression of this fast-growing technology, we carried out a study to assess the country-wise dispersion of companies’ patents over the last 12 years. We constructed a search query in PatSeer using keywords for digital biomarkers and the pertinent CPC & IPC classes. The final search query yielded 3000+ patent families which were analyzed further to comprehend the top players and patent filing trends in every country. Patent filings of top companies across various jurisdictions We used PatSeer’s Geo-protection Growth Chart to vi...

AI as an inventor — What sparked it and where are we today?

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  Artificial Intelligence (AI) is present in every field today, from art to music to finance to medicine. However, there is still resistance to AI being officially recognized as an inventor. Let's take a closer look at the latest developments concerning this topic. Inventions created with the help of AI over the last 4 years 1.       DABUS Stephen Thaler filed 2 European patent applications in 2018, which he said DABUS (Device for the Autonomous Bootstrapping of Unified Sentience), an AI system, had invented. The DABUS case questioned traditional patent laws of inventorship. According to University of Surrey law professor and author Ryan Abbott, “We’re moving into a new paradigm where not only do people invent, people build artificial intelligence that can invent.” In 2019, USPTO rejected the patent applications saying that only humans can be recognized as inventors under the Patent Act. Between 2018 and 2019, Thaler filed patent applications in o...