In statistics it is known as "the law of large numbers": the larger the reference quantity, the smaller the differences, individual outliers disappear in the mass, deviations disappear in a background noise. A new study examines the relationships between the number of living patents in a patent portfolio and the values. It is obvious that there is a global correlation, but on a closer view it is surprising how heterogeneous this correlation is and to what wrong insights the mere counting of patents can lead to. Two recently published studies of InTraCoM GmbH impressively prove how deceptive correlation analyses on large data sets are. With aa appropriate segmentation, e.g. by company size, s
Today, the major part of the value of a company - on average over 80% - consists of intangible assets. Patents are among the "most tangibles among the intangibles": they can be borrowed, sold, licensed, for example. Companies use them to protect innovations from imitation and as a strategic instrument to keep competitors out of the market or to ensure a strategic balance of power.
Accordingly, patents also allow a deep insight into the R&D activities of companies and reveal much about the planned future and potential capabilities. However, this requires a quality measurement or, even better, a value assessment in order to obtain reliable information. The sustainability efforts of companies can also be supported, substantiated or questioned with patent value analyses.
Our Patent-Insider-Blog compiles interesting information, tips, news and hints extracted from patent values for you.