{"id":10791,"date":"2022-03-22T06:57:55","date_gmt":"2022-03-22T06:57:55","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=10791"},"modified":"2022-03-22T06:57:57","modified_gmt":"2022-03-22T06:57:57","slug":"patent-mining","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/patent-mining\/","title":{"rendered":"All You Need To Know About Patent Mining"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Patent\nis an integral part of Intellectual Property Right (IPR) and it provides\nexclusive rights to the actual owner of an invention. Patent documents are the\nmost vital intellectual resources for safeguarding the interest of companies or\nindividuals, but due to the wide information contained in the Patent documents,\nit can be hard to anticipate owing to the length &amp; fullness of such\ndocuments. A new research field called Patent Mining, has come into the picture\nto help all Patent analysts in processing, examining &amp; researching Patent\ndocuments for this problem. Scroll down to check more regarding Patent Mining.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a54d092a09bc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a54d092a09bc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-mining\/#What_Do_You_Mean_by_Patent_Mining\" title=\"What Do You\nMean by Patent Mining?\">What Do You\nMean by Patent Mining?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-mining\/#What_is_the_need_for_Patent_Mining_in_India\" title=\"What is the\nneed for Patent Mining in India?\">What is the\nneed for Patent Mining in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-mining\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Do_You_Mean_by_Patent_Mining\"><\/span>What Do You\nMean by Patent Mining?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Patent\nMining is the process of examining, analysing, and researching Patent related documents\nto determine the most beneficial assets &amp; information linked with granted\nPatents.<\/p>\n\n\n\n<p>Big\n&amp; old companies that have been working for a long time tend to possess many\nIPs that are unaccounted &amp; the companies have no knowledge of such\nproperties. When they get into a Joint Venture or merger, all these\nIntellectual Properties that are unaccounted &amp; the companies have no\nknowledge or understanding of such properties. When they get into a merger\/in a\nJoint venture, all these IPs get lost amid the restructuring process. <\/p>\n\n\n\n<p>So, Patent mining aids these companies to examine and research the documents regarding <a href=\"https:\/\/swaritadvisors.com\/patent-registration\" class=\"text-primary\"><strong>registered Patents<\/strong><\/a> and after discovering all such IP or Intellectual Properties of the company, they estimate and create a portfolio of all the Intellectual Properties to recognise the best assets and valuable details which have the highest possibility of being violated. It&#8217;s very identical to the process of regular mining, where the miner uses their tools and digs the most valuable stones out of the minery.<\/p>\n\n\n\n<p>In\nIndia, Patent Mining is a very challenging &amp; difficult task in India\nbecause of the need of proper sources. There are not so many online databases\nin India that provide complete Patent documents and also lack effective search\nmeans.<\/p>\n\n\n\n<p>IPO or <strong>Indian Patent Office<\/strong><sup><a href=\"https:\/\/ipindia.gov.in\/\" class=\"text-primary\"><strong>[1]<\/strong><\/a><\/sup> doesn&#8217;t provide any comprehensive official database; a person or an individual or a person has to visit various sources to perform a Patent Mining task. Following are some different sources:<\/p>\n\n\n\n<ol><li>Online sources;<\/li><li>Patent Registry;<\/li><li>Official Gazettes.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_need_for_Patent_Mining_in_India\"><\/span>What is the\nneed for Patent Mining in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All\naround the world, organisations &amp; companies are trying their best to\nestablish their Patent Portfolios, and this is only possible because people or\nindividuals have initiated recognising the actual value of Patent Mining.<\/p>\n\n\n\n<p>Patent\nMining is still in the process of development in India. If Indian companies decide\nto take an interest in this area, then they will be capable to remove all the\nloopholes or gaps that can lead to the utilisation of all the technologies\nowned by our Indian companies.<\/p>\n\n\n\n<p>Patent\nMining can be utilised to help all the big &amp; old Indian companies or\norganisations in discovering key Patents from their huge stock of Patent\nPortfolios and propose various methods to earn money from these Patents via\nlicensing &amp; litigation.<\/p>\n\n\n\n<p>Companies\nor organisations use software tools to examine &amp; evaluate to classify and\ndetermine the most valuable assets of a company. Means, imagine how much wealth\nan Indian company will be able to generate by recognising all these high-rated\nPatents which can be monetised for all the company&#8217;s betterment.<\/p>\n\n\n\n<p>This\nmining process is also used to mine the Patent Portfolio of other companies,\nmostly in situations of cross-licensing\/in the Patent Due Diligence process.\nWith proper Patent Mining, companies or organisations can have leverage over\nthe other company or estimate all possible exploitations of violation by the\nother company.<\/p>\n\n\n\n<p>Most\nof the owners of Patent are not able to grasp the situation and are not even\ncapable of having a complete overview of what valuable assets the company owns.\nMostly, this is due to the reason for a huge Patent Portfolio\/due to multiple\nasset transfers due to a Merger and Acquisition (M&amp;A) or diversity of the\ntechnologies. However, in any given situation, it&#8217;s a must for them to obtain a\nprofessional assessment of their Patent Portfolios and Patent Mining can vastly\nhelp these companies to tackle such situations. The primary objective of Patent\nMining is to assemble the Patent Portfolio and pinpoint all the finest\ncompany&#8217;s assets. Even in conditions where there are many Patent documents to\ndeal with, with proper caution and care, Patent Mining can be used to\ncategorise and assess Patents to recognise the top of the line assets and this\nassessment can be made use of to make vital decisions regarding monetising the\nPatents via the process of litigation or licensing. The assessment of Patent\nclaims is vital as it will recognise all those top assets that in a\nmonetisation campaign and business decisions deserve the most time &amp;\nresources.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If\nwe observe the competition between the top companies, they have to invest new\nthings to stay strong in the competition, and Patents are the exclusive rights\nfor such inventions. Not only has this but if we see via IPs largely affected\nthe business value, which all the way makes Patents are important.<\/p>\n\n\n\n<p>Even\nIndian companies have started being attentive regarding the significance of\nPatents, but still, somewhere, it still lacks accountability. Even after having\nall the proper knowledge regarding new technologies in the country, they are\nnot able to safeguard these technologies from infringement by other companies.<\/p>\n\n\n\n<p>Patent\nMining can help in protecting these companies against such dangerous\nsituations, and if appropriately utilised, Patent Mining will create many\ninvention reports that the company didn&#8217;t know of.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Patent is an integral part of Intellectual Property Right (IPR) and it provides exclusive rights to the actual owner of an invention. Patent documents are the most vital intellectual resources for safeguarding the interest of companies or individuals, but due to the wide information contained in the Patent documents, it can be hard to anticipate [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":10793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[1002],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/10791"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=10791"}],"version-history":[{"count":10,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/10791\/revisions"}],"predecessor-version":[{"id":10802,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/10791\/revisions\/10802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/10793"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=10791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=10791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=10791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}