Patent data is a unique and invaluable source of information, but the insights it contains can be challenging to refine and even harder to distribute to the stakeholders who will benefit from them. The information needs of a HR team recruiting talent, a corporate development department identifying M&A targets or an R&D unit making investment decisions are highly distinct. Nevertheless, patent data can be a powerful ingredient in supporting successful decision making within these and many other stakeholder groups.
In this white paper, Shayne Phillips of Six Points Consulting proposes a simple six-step approach to creating a patent monitoring program that connects the right insights to the right stakeholders. Shayne outlines the people, process, and technology inputs that are necessary to create a successful patent monitoring program, providing real-world examples taken from over two decades of experience at some of the world's most successful technology companies.