In the News
The tech world’s buzz surrounding the topic of autonomous vehicles has been growing in recent years. Major automakers like Ford Motor Company (NYSE:F) have announced plans to develop self-driving cars for consumer release within five years. Transportation services company Uber has recently unveiled a fleet of cars with self-driving capabilities, some of which are currently operating in Pittsburgh, PA. As of this January, traditional automakers like Toyota Motor Corp. (NYSE:TM) and Robert Bosch GmbH (NSE:BOSCHLTD) held the largest portfolios directed towards autonomous vehicles despite tech industry advances made by Google and Tesla Motors (NASDAQ:TSLA).
Thanks to the internet, we have techniques for patent searching that were once unimaginable, bringing mass efficiencies to traditional patent search and analysis processes. For attorneys today, greater access to online information has increased the value of counselors to their clients, providing rich opportunities to forge deeper relationships. It has also increased the challenge of filtering through the noise and irrelevant search results that can drag down patent filing procedures and dive up costly disputes and litigation.
New technologies enabling predictive analysis of big data provide IP professionals with a platform for better decision-making and vastly improved efficiencies. Tyron Stading, president and founder of Innography, a CPA Global company, spoke to WIPR.
A revolution is underway for Intellectual Property (IP). Never before has the IP organization had so many tools at its disposal, launching it from an essential back-office function into an indispensable business partner.
Over the past 18 months, our clients have begun to show greater interest in international patents (e.g. non-US). Increasing client interest in international patents corresponds with the general rise in importance of international patents (continuing ascension of the Chinese market, potential for unitary patent for Europe), more anti-patent owner decisions in the US, and greater patent litigation outside the US. Client interest spurred us to review our existing patent evaluation tools and methodologies for potential improvements.