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Beyond portfolio optimisation - calculating the value of rightsizing

Cipher

Description

Only 19% of companies report that their patent portfolios are the right size – this is one of the key findings of a new report from Cipher. Join this webinar to hear more about this and other findings of the Cipher Report on Patent Portfolio Optimisation, and to learn how statistical models are being used to optimise patent portfolios. 

The report is the result of the first global study specifically focussed on analysing the approaches taken to balancing patent portfolios at a time when both patent strategy and cost are both under increased scrutiny.

The webinar will cover the four key findings of the report:

  1. Over $40 billion is spent on patents each year, but less than 20% of companies report that their portfolio is the right size.
  2. Most patent experts believe that a well-balanced portfolio reduces the threat of patent litigation. 
  3. Patent strategy is scrutinised by the CTO, CFO or board in most organisations.
  4. Organisations spend on average 9% of their patent budgets on strategic patent intelligence.

Many organisations are facing scrutiny from senior executives across finance, technology and, in many cases, the board. Companies are now using sophisticated models to help optimise their portfolios, and the approaches discussed in this report suggest use of both patent and revenue data.

 

Speakers

Nigel Swycher, CEO

Nigel Swycher is the CEO and founder of Cipher (www.cipher.ai), the market-leading patent analysis software. Prior to Cipher, Nigel had a long career in the law and led the IP practice at leading law firm Slaughter and May in London. Nigel is a regular speaker and commentator on the significant benefits of AI for the legal and IP profession. Nigel is also an advocate for openness and transparency and is a director of the Open Register of Patent Ownership (www.oropo.net), committed to building a global database of who owns the world’s patents. Nigel has been recognised by the IAM Strategy 300 for many years as a leader in the field.

 

Steve Harris, CTO

Steve Harris is the CTO of Cipher. He was previously CTO of another UK-based start-up and prior to that an academic at the University of Southampton, specialising in artificial intelligence, information extraction and graph databases. Steve also advises the UK government and European Commission on issues of information security and artificial intelligence.

 

 

Niall McMahon, head of research

Niall is head of solutions at Cipher. In this role he leads the team that works directly with IP teams on integrating strategic patent intelligence into their workflows. This includes understanding key technologies and challenges to develop scalable and efficient solutions powered by Cipher. Niall has over 20 years’ experience in research and analysis, specifically covering upstream oil and gas, energy markets and above ground risk. Before joining Cipher in January 2020, Niall was senior vice president head of research with Verisk Maplecroft, the leader in development of environmental, social, governance and political risk analytics.  Previous to that Niall was head of investment research with energy research firm Wood Mackenzie in New York.

Details

Date
28 April 2020
Time
14:30 - 15:25 UTC
Duration
55 min
Language
English
Location
Online