The best way to see who your competitors are is to to look at the patents within your technology space. Landscaping is a great way to do this and allows you not only to search for patents but to look for infringements, renewals, and abandonments as well as to assess potential partners. In this infographic PatSnap covers all four of these capabilities using screenshots from the landscaping tool.
Litigation can be very daunting but there are various ways in which firms can lessen the dangers by assessing and analyzing the risk of litigation within specific sectors and by watching out for patent trolls. The best way to do this would firstly be to be aware of litigation in the space and to recognise all competitors.
When most people think of ‘patent portfolio analysis’ some words that come to mind might be outsourcing, time consuming, expensive and painful. These thoughts are all fair because historically the process has been all of these things.