Unlocking the Hidden Value of Your IP Portfolio with Automated Claim Charts

Oct 22, 2024

A transformative way to manage and assess patent portfolios is through automated claim charts. Claim charts are essentially devices that present data about a patent claim in an effective manner. In other words, they systematize the entire process of tracking and organizing claims, which leads to valuable and deep insights, thereby augmenting the value of your IP. IP professionals are able to make data-driven decisions concerning their IP strategies.

Claim charts have the ability to identify overlaps and discrepancies existing in an IP portfolio. Claim charts assess a plethora of patents or applications through which they point out areas where some claims cite fewer limitations while others cite more. This is a fruitful exercise because the identification of these areas helps avoid legal complications or missed opportunities. For instance, an automated claim chart might identify two patents in a portfolio that contain overlapping claims, suggesting that one of the patents is redundant or could be consolidated using a narrower scope.

Yet another benefit of automated claim charts is to recognize gaps in patent portfolios. Examining claims against industry standards or competitor patents results in identification of areas where an organization is susceptible to infringement as well as identification of areas that serve as prospective innovation opportunities.

To drive home our point, let us share an example. An automated claim chart can show that a competitor owns a patent involving a specific technology, which an organization is in the process of creating. Essentially, this information can help the organization in question to change the product or use other methods to ensure that it is unique and avoid infringement in the process.

To summarize, the automation of the creation and management of claim charts alleviates infringement risks and boosts innovation while consolidating the patent portfolios of IP professionals.

Our professional services offer training and support to minimise time-to-value on the Relecura platform and make more timely, confident IP decisions.