Product Overview of IPlytics
IPlytics is a cutting-edge intellectual property (IP) intelligence platform acquired by LexisNexis, designed to provide comprehensive analysis and insights into the landscape of standards-essential patents (SEPs) and related technologies. Here’s a detailed look at what the product does and its key features:
Core Functionality
IPlytics enables users to analyze the past, present, and future of standards-essential technology, offering fast and intuitive access to SEPs, standards contributions, and standards documents. This platform is crucial for aligning SEP patent portfolio strategy and continuous portfolio development, understanding the SEP competitive landscape, and supporting various initiatives such as licensing, acquisitions, due diligence, and analysis of patent pools.
Key Features
1. SEP Analysis and Portfolio Management
- IPlytics allows users to align their SEP patent portfolio strategy and continuously develop their portfolios. It provides tools for SEP categorization, classifying SEPs into declared, pooled, and undeclared types, and offers insights into the SEP landscape.
2. Competitive Intelligence and Benchmarking
- The platform provides competitive intelligence by connecting patent data with information on mergers and acquisitions, product releases, standard-setting activities, memberships in industry alliances, litigation cases, patent transfer deals, and patent-licensing contracts. This helps users understand the competitive landscape and make informed decisions.
3. Predictive Analytics
- IPlytics has developed algorithms to predict the essentiality of patent claims and standards sections, as well as the value of a patent portfolio for standardized technologies. This predictive capability is invaluable for strategic planning and decision-making.
4. Dashboard-Driven Insights
- The ‘Dashboard Hub’ feature transforms complex patents and standards data into actionable insights. It includes a Portfolio Dashboard and a Technology Landscape Dashboard, which offer targeted technology selection, SEP categorization, data exploration, future projections, historical data, and detailed visualizations. These dashboards are customizable and enable quick report generation and integration into presentations.
5. Integration with LexisNexis Solutions
- IPlytics data is integrated into LexisNexis’s flagship IP analytics solution, PatentSight . This integration enhances transparency in SEP negotiations and licensing by providing accurate ownership information, up-to-date legal status, and point-in-time data.
6. Data Quality and Coverage
- The platform ensures high-quality data by incorporating multiple data types that are rigorously cleansed, quality-checked, and enriched. This includes accurate ownership information, up-to-date legal status, and comprehensive coverage of litigation data, non-practicing entities, and annuity fees.
Benefits
- Efficient Decision-Making: IPlytics supports efficient decision-making processes for IP departments, strategy departments, and technology and innovation management teams by providing in-depth IP analyses and long-term monitoring of particular technologies.
- Strategic Foresight: The platform equips users with the tools to navigate licensing, negotiations, and management with precision and strategic foresight, enabling better market positioning and competitive advantage.
- Streamlined Workflow: The Dashboard Hub feature streamlines workflow by allowing users to swiftly generate reports and integrate them into presentations, enhancing the narrative around IP strategy.
In summary, IPlytics is a powerful tool for companies operating in industries where standards and patents are critical. It offers a comprehensive suite of analytics and insights that help users make informed decisions, optimize their patent portfolios, and gain a competitive edge in the market.