IN THE SPOTLIGHT: RELECURA INC
“IT IS VERY
change their way of working and we provide APIs that can access data as well as analytics, and create custom tools integrated into their internal systems. We continue to look for ways to improve the experience of our customers and are ready to go the extra mile.”
Insights Koomullil recognises that
getting proper
insights into a patent or portfolio is a difficult task. Tis is perhaps why Relecura takes a different approach. He says: “We look at a portfolio at a few different
levels. We process every patent that is added to the tool by using machine learning algorithms and connect those through relations built in our topic ontology. Insightful analytics are then built on top of the curated information and ontology. It is very complex and time-consuming to review each patent manually but this approach brings valuable insights in almost no time. “We take a different approach in estimating
the quality of a patent as well. We take a list of patents that are proven to be of high value and identify the characteristics of a set of measurable parameters that differentiate them from the rest. Tese characteristics are then used to arrive at the star rating of the quality of each patent.” He
continues: “Getting insights into the
value of a portfolio is not complete without comparing it with competing portfolios, as well
www.worldipreview.com
COMPLEX AND TIME- CONSUMING TO REVIEW EACH PATENT MANUALLY BUT THIS APPROACH BRINGS VALUABLE INSIGHTS
IN ALMOST NO TIME.”
as tracking the commercialisation activities in the neighbouring intellectual property. With comparative Topic Maps and a tightly integrated system of patents and assignments, customers do not just get insights into the value of a portfolio but get the ability to identify potential licensees as well. Relecura users can easily find if a target company has commercialised any patents and, if so, the specific area of their interest.” But how does someone who is not an IP
professional navigate through the patent maze? “We do not expect an inventor or business analyst to know the technicalities of patents to get relevant information. We provide a semantic engine that will process any uploaded textual data, whether it is a research article or a product manual, and provide the IP and technology landscape of the topic addressed by the article,” he says.
What next? “Patent owners need to analyse potential scenarios rapidly, so they can be prepared for changing regulations and rulings such as Alice. This highlights the need for flexible and powerful tools like Relecura that provide the right insights required for strategic decision-making about their inventions and IP portfolios. “Relecura will continue to evolve rapidly in
terms of capabilities, features, flexibility and user experience to help our customers keep pace with the changing IP landscape. For example, our soon-to-be-released dashboard will present information in a manner tailored to the customer’s IP context. In future versions of Relecura, when the IP landscape changes through new rulings and events, the user will be able to set their context appropriately to evaluate any impact.” US politicians are currently debating
the latest attempts to reform the patent system aſter similar bids last year fell apart. Teir target is ‘patent trolls’, but one of the unintended consequences could be to devalue existing patents and leave valuable ideas unprotected.
It is therefore important that
inventors, patent professionals, and business leaders are equipped with the tools that companies such as Relecura provide so they can respond quickly to the ever-changing patent landscape.
World Intellectual Property Review May/June 2015 25
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