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Patent Mapping-A Landscape Analysis

Patent mapping is the patent landscape mapping methodology leading to the patenting activity in a particular technological field. It enables advanced business intelligence in the future R & D and investments.

Conducting patent mapping is having the following advantages:
•    To recognize the best suited R&D projects for the business
•    How, when, and where some body can let patents lapse
•    Areas of technology that are hotbeds for licensing opportunities
•    Identifying the untapped areas of technology

Patent mapping is therefore crucial in order to decide the forthcoming investments in the new development.  A patent map is produced by gathering related patent information of a target technology field, processing, and analyzing it.

Patent mapping typically is accomplished by experts who are adept at searching the high value relevant records and analyzing the results, which are presented visually in the shape of maps and graphical representation. Thus it helps to avoid unnecessary investment, obtaining the seeds for technological expansion and the applicable fields enclosed in the patent information. Subsequently, it analyzes the present corporate scenario and the companies’ competitors’ activity in the present market and near future in that particular technology.  In short, patent mapping is a means to analyze current IP to establish the pros and cons of being a part of a specified technology.   It explains the mechanics and back-up solutions that have been employed in a particular product class.   It also determines competitors and business rivals, their business strategy and pipe product portfolio. Patent Mapping facilitates a company’s scientific and fiscal management teams to identify the best fits for investment in chosen product vicinity, to set a protected business policy in order to come with a new product with improved efficiency and market value without being infringed by or infringing others product or business scope.