Artificial Intelligence Tool Promises to Revolutionize Patent Analysis

December 3 2018, 00:55
Aistemos, a London-based company in the field of harnessing artificial intelligence (AI) to analyze patents, announced the launch of its Cipher n / d service, a new approach to analyzing patent information designed to increase rational licensing and reduce patent litigation. Aistemos developed Cipher n / d as a new approach to IP analytics in collaboration with AST, the member-driven collaborative and leading provider of proactive patent defense solutions, which provided Aistemos with access to AST’s rich taxonomy and data of classifications of technologies and patents to develop Cipher n / d.

AST, a not-for-profit cooperative whose Members include some of the world’s largest technology companies, has developed a comprehensive taxonomy based on market research conducted over the past 10 years and has analyzed more than 100,000 patents. AST’s classified dataset is the largest one of its kind and over five times the average portfolio size of the top 20 US patent holders.

Cipher n / d uses AST’s product taxonomy and data to help calculate the number of patents in various technologies that are owned by one company (the numerator) and the total population of patents in those technologies (denominator). By applying AI and machine learning to comprehensive IP data, Cipher n / d is optimized to provide objective and rational evidence to support companies with their strategic IP decisions.

Cipher n / d brings transparency to the task of balancing royalty payments attributable to patent rights owned by multiple owners. In today’s world of a million patent owners and over 100m patents, this is a problem that has defeated consistent human analysis.

“By incorporating the latest in AI tools and comprehensive data, Cipher n/d enables operating companies to make more informed, rational decisions when evaluating their patent portfolios,” says Nigel Swycher, CEO of Aistemos. “Our collaboration will provide an unbiased view of companies’ patent portfolios by using an industry-accepted taxonomy that can be used as a reference point to add rationality to licensing negotiations. AST has created an industry-accepted taxonomy and has taken a rigorous approach to patent classification, and we are grateful for their support and participation.”

Aistemos is a leading provider of patent analytics based in London. Cipher was launched in 2014 and is an accessible source of online business intelligence that analyses patented technology to reveal global trends essential to the strategic M&A, licensing and litigation decisions. Cipher supports many of the world’s leading innovators including BAE Systems, ABB and ARM.

AST is member-driven cooperative and the leading provider of proactive patent mitigation solutions. AST’s Members include top global companies from a wide range of industries including Cisco, Ford, Google, Honda, IBM, Intel, Microsoft, Oracle, Philips, SAP, Sony, Spotify, Uber, and Verizon.

“As a not-for-profit cooperative, AST has the luxury of being able to consider and support initiatives that help the entire IP marketplace,” says Russell W. Binns, Jr., CEO of AST. “We are always looking for innovative ways to make the patent markets more transparent and efficient, and are excited by the potential that Cipher n / d presents to advance these goals. We believe that Cipher n / d is an important step towards a more comprehensive and standardized visualization of the patent landscape for the entire industry.”

Cipher n / d is available as a subscription service or for use on specific transactions. |
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