The Benefits of custom software development for Intellectual property data management

Most businesses running the Intellectual property and data management circuits generally use a number of generic software applications that is available in the market. There are some really great products within available and for most organizations, they serve well. In fact, we have developed solution like PatSeer and PatentInsightPro which our customers have loved. However, in organizations that work with a considerable amount of IP data, the process of analysing and working with patents and IP data involves downloading information from multiple patent databases, searching and filtering using tools, working with data in other  applications, using various filtering, analysis and reporting tools and there is often a lot of juggling multiple software through the process. This results in some amount of inefficiency, additional time consumption and adds to cost. There is a “way things are done” within the organization and then a number of different software applications to aid the process.

Having custom software developed for intellectual property data management helps integrate all the software applications to “the way things are done” within the organization so you have software built to match your process and not the other way around. It makes work easier and eliminates the unnecessary amount of energy and time that is otherwise spent on organizing fragment s of applications and tools to suit your specific needs.

The major benefits of custom software development for Intellectual property data management are:

  • Efficiency: Efficiency is the key word for any business to thrive and succeed. A custom software solution is developed around your way of working and identifying how to make processes simpler and more efficient.
  • Integration: Developing custom software for your IP data management helps integrate functions and eliminates the need to switch between several data sources, applications, and software tools. It allows you to make the entire process more cohesive.
  • Reduced cost: With a well developed solution that integrates the various processes of IP management within the organization, comes greater efficiency, quicker lead times, less waste and effectively, reduced costs in the longer term.

 

While using multiple software for IP data management can get the job done, when it comes to getting exactly what you need from your software, exploring custom software services to tailor your technology to your organization can give you the additional edge required to function better.

Launch of new Gridlogics.com portal and blog

We are excited to announce the launch of the new Gridlogics.com portal that help showcases the work we have been doing in the Intellectual Property Space over the last 10 years. We have come a long way from being an analytics tool company to being a IP Solutions provider with multiple products. This blog will help showcase some of the Custom Intellectual Property solutions that we have been providing to large Research focused companies globally.

Whether it is a Open Innovation Collaboration challenge, a IP knowledge Management Solution or even an “algorithmic” data mining challenge, give us a shout to learn how we could help provide an efficient, cost effective solution in least possible time.

-Gridlogics Team

Interactive Intellectual Property Research Delivery – and Paperless too

A very recently published article by David Flint and Valerie Surgenor titled “United Kingdom: Innovators Encouraged To Go Paperless” emphasizes the calls from various governments around the world in recent times to cut down on paper intensive work processes. This measure in the UK comes just as Gene Quinn’s IP Watchdog carried a post titled “President Obama Call USPTO Filling System Embarrassing” where Gene points out:

“Essentially, President Obama said that the way the Patent Office handles electronically filed patent applications is to print them and scan them. Sadly, that is not true, or is at least extremely misleading. It is certainly true that the Patent Office used to do things that way, but since the new EFS Web system was unveiled on March 16, 2006, electronically filed patent applications are not printed and then scanned.”

The Intellectual Property research process, albeit different from patent office work, is also a data intensive one and in recent times appears to be moving towards electronic and interactive outputs as opposed to paper based reports or static PDFs.

At Patent iNSIGHT Pro, we see a similar trends. Analysts who used the product two years back to prepare reports in Word/Excel/PDFs/PowerPoint are now asking for enterprise class implementations where they can set up online dashboard for the information consumers. This is as true for in-house counsels, as it is for service providers who want to give secure access to such interactive dashboards to their clients.

When it comes to IP research, speed is of the essence as is access to those within an organization who need it. Whether needed by management, product development teams, legal team or business development teams, the need to get the information required and a live dashboard with built in analytics features of drill-down and filtering goes well to serve the needs of multiple different people. While working with static reports this is severe road block.  Usually when CxOs are presented with the research output they would have further questions and its very convenient and effective if they can quickly answer that right then from a real-time interactive dashboard.

All taken into consideration while reducing paper usage is a good enough reason to start shifting towards more automated means of managing all the research being done, it’s not the only reason to consider it. Automated delivery of research output and interactive analytics at the front end is clearly the way forward and cannot be achieved if the research is scattered across in physical documents, PDFs, spreadsheets and other documents