Value Of Patent Information For Decision Makers

March 28th, 2008

Planning the next generation technology and product thereof is an intricate problem. There are different ways to select a technology or improve an existing technology according to the consumer demand. The selection of right technology and methods is a very high risk proposition and has great impact on the future of any organization. Another way to get technology supremacy is through licensing, or acquisition and merger decisions. Intelligent mining and integration of patents, research literature and market information could provide highly valuable information and help strategic decision makers in reducing risk in technology selection, licensing or acquisition decisions.

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