Organisations can mine and use information in scientific literature and patents
IBM has introduced new analytics software and services designed to help companies understand and effectively use intellectual property, scientific literature and molecular data to advance their business.
IBM’s cloud computing-based business analytics and optimisation strategic IP insight platform (SIIP) can enable organisations to quickly mine and use information in scientific literature and patents by bringing together much of the world’s body of patent information in one place and applying advanced analytics.
Using the IBM SmartCloud, deep analytics tools are applied against patent documents from the United States Patent and Trademark Office, European Patent Office and World Intellectual Property Organization and the public domain portion of scientific abstracts from the US National Library of Medicine’s MEDLINE database to expose valuable insights about the competitive landscape.
IBM SIIP can be used to help identify new market opportunities and potential collaboration partners. The solution also enhances the ability to manage and monetise Intellectual Property portfolios, and helps companies pursue stronger, higher quality patents.
The IBM SmartCloud enables high-speed analytics in the cloud, allowing sharing across multiple organisations, something especially important as cross-company collaboration grows among research and development organisations and also makes massive amounts of data updated and available in near real-time.
IBM Global Business Services global partner and vice president, business analytics and optimisation leader Chris Moore said IBM SIIP was designed to help transform the innovation process across a range of industries by making it feasible to look at all the information that exists today and all the research that has already been carried out.
"It provides a new approach to finding and correlating critical information through the combination of underlying data, deep analytics, delivery via the cloud as well as customized services to help research and development organizations fundamentally change their business," said Moore.