IPMM 508: Patent Analytics and Landscape Reports provides details on the stages required for performing patent analytics and for the preparation of a patent landscape report (PLR). Patent analytics and PLRs support informed decision making and are designed to efficiently address the concerns associated with making high-stakes decisions in technologically advanced areas with a maximum degree of confidence.
For many years, IP decision makers operated based on personal networks and intuition. With the institution of patent analytics and PLRs, it is possible for these critical decisions to be made with data-driven approaches that deliver informed choices and that lower risk profiles. Working with patent data can be complicated due to the nature of the subject matter and the lack of standards in the way it is delivered from the offices that generate it. Best practices for working with patent data and for performing patent analytics for organizational decision making will be covered in detail. Specific steps for the generation of patent landscape reports will also be covered.