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John Cronin is the author of "AI Enters the IAM and IP Space as an App Store? You’re Kidding!"
Artificial Intelligence (AI) goes back to the 1950’s, as defined by Minsky & McCarthy, to be “any task performed by a program or a machine that, if a human carried out the same activity, we would say the human had to apply intelligence to accomplish the task”. This being the case, a lot has happened in almost 70 years since that statement. The history of AI can be easily researched; however, a reasonable definition can also be extracted from examples of how AI is being used and what AI is being used for.
POSTED BY John Cronin AT 6:28 P.M. Oct 17, 2018
TAGS: Innovation | Invention | John Cronin | Process | Strategy | Artificial IntelligenceArtificial intelligence in IP/IAM space will come to us as an "App store"
There is no question that large artificial intelligence (AI) solutions to solve the numerous efficiency and quality needs in the intellectual property (IP)/intellectual asset management (IAM) space will fail. This has been seen with companies that have tried to bring in a generalized AI engine to solve a specific need. The reason for this is clear now, and becoming clearer every day. AI is coming into our IP/IAM space as an application (app) store type business model.
POSTED BY John Cronin AT 1:32 P.M. Sep 14, 2018
TAGS: IAM | Innovation | John Cronin | Process | StrategyArtificial Intelligence and the Future of Invention Disclosures
John Cronin, Managing Director and Chairman, and Jacob Rosen, Chief Executive Officer and Matt Osman, Chief Technology Officer of Legit are co-authors of "Artificial Intelligence and the Future of Invention Disclosures". Intro: Artificial Intelligence (AI), when implemented correctly, uses humans’ biggest weakness to its advantage: the management and analysis of huge quantities of data. Confronted with several million documents all containing different information, a legal practitioner's first goal will be to reduce that to a reasonable level. That is often what previous workflow technology has been previously used for, particularly in the legal realm. Document management systems filter by date, author and keywords, RSS feeds show only news stories pertaining to an attorney’s current cases and even the “find” function on PDFs documents help you ignore most of the target document. The performance of these tools does not improve when the amount of data it is tasked with handling increases, in fact in most cases it declines.
POSTED BY John Cronin AT 2:59 P.M. April 6, 2018
TAGS: Innovation | John Cronin | Process | Strategy | Artificial IntelligenceArtificial Intelligence Enhances Prior Art Search
Artificial Intelligence is no longer the stuff of science fiction. It's being used in a wide variety of industries to drive innovation and efficiency. In fact, Microsoft has just identified AI as a top priority and expects it to drive business in the future. In the world of Prior Art Searching, the industry is just beginning to move past keyword searching and semantic processing tools. Here at ipCG we recently began utilizing AI to improve the quality and relevance of search results that support FTO Opinions and Market Clearance Reports.
POSTED BY Ken Statler AT 12:51 P.M. September 29, 2017
TAGS: Innovation | Process | Strategy | Artificial IntelligenceAdam Bulakowski, Principal Partner, is the author of "The VC’s playbook: Diligence essentials for technology-based IP"
In this whitepaper, Adam discusses how VC investments can improve monetization options and mitigate risk when diligence considers IP assets from a holistic business perspective, beyond the traditional legal opinions.
POSTED BY ipCG Team AT 12:38 P.M. March 24, 2017
TAGS: Adam Bulakowski | ipCG Team | Disruption | Process | Strategy | ValuationThe Internet of Things (IoT) and Implications for Intellectual Property Part III: Alexa today, where tomorrow?
In our second installment of The Internet of Things (IoT), Data, and the Implications for Intellectual Property, we discussed the relationship of data and IoT devices. In this final installment, let's look ahead to the potential future of IoT.
The number of companies that are actively seeking IP protection in this area has rapidly increased. A chart created with ipCapital Group's patent research software, ipCG Innovation Integrator, demonstrates that from 2007 and 2016, there was a 1300% increase in patents related to the IoT.
POSTED BY Charles E. Root Jr. MS. and Nancy Edwards Cronin AT 8:07 P.M. January 20, 2017
TAGS: Innovation | Invention | Nancy Edwards Cronin | Process | Strategy | Charles E. Root Jr. MS. | IoT | Big DataThe Internet of Things and Intellectual Property: Who Owns the Data?
In our first installment of The Internet of Things (IoT), Data, and the Implications on Intellectual Property, we discussed the need to understand the full landscape of IoT, not just devices. In this second part, let's talk about "big data". All of these devices and the data they will create, hold, transmit and interact with raises a unique Intellectual Property (IP) question. Who owns the data?
POSTED BY Charles E. Root Jr. MS. and Nancy Edwards Cronin AT 1:48 P.M. May 17, 2016
TAGS: Innovation | Invention | Nancy Edwards Cronin | Process | Strategy | Charles E. Root Jr. MS. | IoT | Big DataIs "Ad Hoc" Innovation Good Enough?
As innovation consultants, we have a front row seat to watch (and help) companies learn how to be innovative. We've seen a lot of companies take a variety of approaches to innovation. One of the most common we see is what we call the "ad hoc" approach. This is a fancy way of saying "let's invent something and then see if we can sell it!" Although this approach is very common, it very rarely works well. We have a better approach. See how we helped a company in the health care industry apply four fundamental ingredients for a successful innovation strategy.POSTED BY Robert McDonald and Jeff Padgett AT 1:23 P.M. Apr 7, 2016
TAGS: Innovation | Process | Strategy | Robert McDonald | Health Care | Jeff Padgett | Ad hoc | Big DataCan Innovation Heal Healthcare?
To say that the healthcare industry is under intense pressure to change is an obvious understatement. But in a large and mature industry how do we begin to understand the scope and scale of the change needed? Working with our clients, and a review of the literature has made it clear that there are three broad areas that can provide a framework for change.
POSTED BY Robert McDonald AT 3:57 P.M. Mar 3, 2016
TAGS: Innovation | Process | Strategy | Robert McDonald | Health Care | Big Data | TelemedicineThe Internet of Things (IoT) and Implications on Intellectual Property
While the Internet of Things (IoT) is not new, we are now seeing the refinement of the devices, communication protocols, and data management that was not possible a few years ago. There is a forthcoming convergence of multiple product and technology spaces in this this new world of a predicted 50 billion "things," and the possibility for growth in markets and IP are enormous. IoT is a wide-ranging technological space. So we are publishing a short series on IoT and intellectual property (IP) to highlight some opportunities and challenges that we see, beyond the standard scope of everyday articles being circulated.
POSTED BY Charles E. Root Jr. MS. and Nancy Edwards Cronin AT 4:07 P.M. February 18, 2016
TAGS: Innovation | Invention | Nancy Edwards Cronin | Process | Charles E. Root Jr. MS. | IoT | WearablesThe Four Pillars of Implementable Innovation
One of the complex problems that we have been focusing on recently is how to make innovation more successful. We measure innovation success as a combination of both the number of new innovations and the rate of successful implementation. Innovation without implementation serves neither a company nor its customers. From our work with clients we have concluded that there are four major elements necessary to have any chance of creating focused, implementable innovation that meets your business needs: The Four Pillars.
POSTED BY Robert McDonald AT 4:55 P.M. Jan 28, 2016
TAGS: Innovation | Process | Strategy | Robert McDonaldBarriers to Innovation: The Greatest Idea in the World Is Only As Good as the Process that Put It Together
The Apple Watch is, as usual for Apple, a trailblazing product that not only showcases a new product, but opens up a path to grow a new area of technology. It is also another example of true innovation struggling against internal and external forces, all of which try to hamper innovation, harming sales and damaging the development of exciting technology. As with other examples, the Watch is proof that process is just as important as the innovation when it comes to implementing great ideas.
POSTED BY Chris Huffines AT 1:33 P.M. Sep 22, 2015
TAGS: Chris Huffines | Innovation | Invention | Process5 Reasons to Add Design Patents to your IP Portfolio
Based on recent trends, we expect an increase in strategic focus on design patents, which will likely include an influx of new design applications into the U.S. Patent & Trademark Office (USPTO), as well as other patent offices around the world. Here are the key reasons why we are advising our clients to increase their focus on design patents.
POSTED BY Justin Kunz AT 5:25 P.M. June 30, 2015
TAGS: Invention | Process | Strategy | Justin Kunz | Design PatentGetting a Patent? Consider a Trade Secret.
Would a patent really be an effective way to protect your IP? Owning a patent might actually work against your interests by disseminating your proprietary information. Enter trade secrets.
POSTED BY Bruce Story and Bill Petrow AT 1:45 P.M. Feb 4, 2015
TAGS: Bruce Story | Process | Strategy | Trade Secrets | Bill PetrowThe Role of Design Patents in an Overall IP Strategy
The recently concluded and highly publicized patent infringement trial between Apple and Samsung was significant because design patents have long been seen as less valuable and less strategic than utility patents. In reality, design patents do have strategic value, especially when used within the context of an overall IP strategy.
POSTED BY Justin Kunz and Nathan Doudera AT 1:25 P.M. Oct 30, 2012
TAGS: Invention | Nathan Doudera | Process | Strategy | Justin Kunz | Design PatentWhat is your IP and technology worth?
Over the past year, ipCapital Group has seen a dramatic increase in requests to value IP portfolios. The engagements range from advising on high-profile deals to supporting capital raises for small, private companies who have few assets other than IP. We continue to use these experiences and lessons as feedback to our methodology, which is critical as the landscape evolves. In our latest video, we highlight a few of those lessons.
POSTED BY Adam Bulakowski AT 11:15 A.M. Oct 24, 2012
TAGS: Adam Bulakowski | IAM | Process | Strategy | ValuationStrategies for Filing Patents in China
For patents specifically, the best IP strategy for China balances the use of both Utility Model and Invention patents. For a comprehensive IP strategy, foreign companies should not just look at the term of protection and assume that Invention patents offer all the protection they need. Companies should use the full range of IP protections including not just patents but also trade secrets and know-how, black boxes, and defensive publications.
POSTED BY Bruce Story and Nathan Doudera AT 2:28 P.M. Aug 29, 2012
TAGS: Bruce Story | IAM | Nathan Doudera | Process | Strategy | ChinaReboot Your Innovation Strategy
Is your business strategy aligned with the current market? Or, are you exhausting resources on innovations for a bygone market opportunity? Reboot your innovation strategy with a broader perspective.
POSTED BY Adam Bulakowski AT 5:45 P.M. Jul 25, 2012
TAGS: Adam Bulakowski | Innovation | Process | StrategyOvercoming Barriers to Innovation and IP Creation - PART 5: FINDING BUDGET
This final article in a series of five on barriers to innovation and IP creation explores ideas for overcoming having no resources or budget. Learn how an effective “ROI story,” communicated to executives, can help you obtain dedicated budget to invest in staff, infrastructure, and tools needed to drive your innovation and IP initiatives.
POSTED BY Jed Cahill AT 8:02 A.M. Jun 19, 2012
TAGS: Innovation | Jed Cahill | ProcessOvercoming Barriers to Innovation and IP Creation - PART 4: MOTIVATING ACTION
Having a dedicated innovation or IP leader responsible for managing execution according to a documented process is essential for putting strategy into action. But even a well-defined strategy and process and won’t run itself. People make the strategy go. So, how can you help your organization motivate action by the teams and individuals needed to achieve your innovation and IP goals? How can you incentivize value creation?
POSTED BY Jed Cahill AT 8:03 A.M. Apr 23, 2012
TAGS: Innovation | Jed Cahill | ProcessHow To Find Great Ideas and Get Them Funded
Great innovation is not just about great ideas. To get new ideas off the ground, you need executive buy-in and funding. You can increase the likelihood of success by building the executive buy-in for the innovation process, and by knowing what the CEO and other stakeholders are seeking in order to approve and fund your ideas. Here's how you can find great new ideas and establish rigor in the process that will win support and funding.
POSTED BY Kate Shore AT 8:17 A.M. Mar 19, 2012
TAGS: Ideation | Innovation | Kate Shore | ProcessOvercoming Barriers to Innovation and IP Creation - PART 3: DEFINING YOUR PROCESS
Strategy is only as valuable as your ability to execute - an imperfect strategy that is well executed will generate much higher returns than a glossy white paper strategy that is poorly executed. So, how can you help your organization turn innovation and IP strategy into business value? This third article in a series of five on this subject explores ideas for overcoming the barrier of having no defined process.
POSTED BY Jed Cahill AT 9:15 A.M. Feb 9, 2012 TAGS: Innovation | Jed Cahill | Process | Training and Incentives
Overcoming Barriers to Innovation and IP Creation - PART 2: DEFINING & MEASURING SUCCESS
Establishing a clear direction for innovation and IP creation starts with consensus on an overall corporate strategy that defines the vision, specific business goals, and tactical actions that serve the vision and goals. Unfortunately, Executive and Board level consensus on the strategy is not enough.
POSTED BY Jed Cahill AT 8:10 A.M. Jan 19, 2012 TAGS: Innovation | Jed Cahill | Process
Overcoming Barriers to Innovation and IP Creation - PART 1: ESTABLISHING DIRECTION
The innovation and IP leader who is able to overcome the barriers has an opportunity to advance the company's competitive position with better products and services, faster time to market, more efficient operations, stronger IP, and the resilience necessary to respond to rapidly changing market conditions and critical business problems.
POSTED BY Jed Cahill AT 10:00 A.M. Dec 13, 2011 TAGS: Innovation | Jed Cahill | Process
How to Encourage Joint Creation in Open Innovation without Losing IP Rights
In the September issue of Intellectual Property Magazine, Kate Shore discusses how to address IP issues before the relationship to help create a culture of co-invention and collaboration, how to rev up your innovation engine to generate many potential inventions, and ways to maximize the value of the inventions created for both parties.
POSTED BY Kate Shore AT 8:15 P.M. SEPTEMBER 8, 2011 TAGS: Innovation | Kate Shore | Outside Publication | Process | Open Innovation
Missing Trade Secrets?
If you are like most technology managers, you know you have trade secrets in the organization, but you don't know what they are. You know you have to protect "them" from loss, but what are "they"?
POSTED BY Bruce Story AT 3:45 P.M. SEPTEMBER 8, 2011 TAGS: Bruce Story | IAM | Process | Trade Secrets
Missing Inventions?
If your R&D department is like most, you have very creative people working diligently to solve problems. However, you may wonder why you don't see more invention disclosures coming from such bright, creative people.
POSTED BY Bruce Story AT 5:00 P.M. SEPTEMBER 2, 2011 TAGS: Bruce Story | IAM | Invention | NPD | Process
Know What to Pay: Evaluate the Market Value of an Acquisition through Comparables
Comparables are vital to determining what the market would likely pay for a company, technology, or Intellectual Property (IP) asset. While the market value is not necessarily what the asset is worth to your company, it gives you an idea of what competitors may be willing to pay and can provide insight that will inform your bidding strategy.
POSTED BY Rachael Schwartz AT 12:45 P.M. JUNE 1, 2011 TAGS: Commercialization | Outside Publication | Process | Rachael Schwartz | Valuation
A Triangulation Approach to Valuation Delivers the "Right" Price
A Triangulation Approach to valuation looks at value in three ways: 1) modeling the value that the technology and IP provides for your company's intended use; 2) reviewing, risk-adjusting and use-adjusting the target's valuation, and 3) understanding market comparables.
POSTED BY Rachael Schwartz AT 1:00 P.M. MAY 26, 2011 TAGS: Commercialization | Outside Publication | Process | Rachael Schwartz | Valuation
Sustaining the IP Strategy Execution Process
As has been shown, ICM processes are needed to successfully execute the IP strategy. If a company does not have all the processes needed, or needs to improve their processes they typically call upon outside experts in the field to help. This can be very helpful by comparing with best practices in the industry.
POSTED BY Bruce Story AT 4:30 P.M. MAY 13, 2011 TAGS: Bruce Story | IAM | Process | Strategy
Measuring and Extracting IP Value
The value of any IP is dependent on the context. Valuation of the IP in context and targeted marketing is important to gain returns on the licensing effort.
POSTED BY Bruce Story AT 2:15 P.M. APRIL 29, 2011 TAGS: Bruce Story | IAM | Metrics | Process | Licensing
Protecting IP
The protecting phase includes the legal processes for creating a patent application, filing in the appropriate jurisdiction and prosecuting the application through to the grant of the patent.
POSTED BY Bruce Story AT 3:30 P.M. APRIL 15, 2011 TAGS: Bruce Story | Defensive Publishing | IAM | Process | Trade Secrets
Reviewing IP Strategy
Organizations that do not use the IP strategy reviewing process generally file patent applications on everything that is deemed patentable coming from the R&D staff. There is no one "minding the store" to ensure that the IP strategy is followed. This is a very expensive way to create a low-value patent portfolio!
POSTED BY Bruce Story AT 3:30 P.M. APRIL 1, 2011 TAGS: Bruce Story | IAM | Process | Strategy
Documenting
Documenting is an important step on the path to successful execution of IP strategy, however inventors are often more interested in solving technical problems and inventing than in documenting their inventions.
POSTED BY Bruce Story AT 9:30 A.M. MARCH 18, 2011 TAGS: Bruce Story | IAM | Invention | Process
Creating and Acquiring IP
Facilitating invention, acquiring technology and IP from outside the company, and inventing around patents are key processes for creating and acquiring IP. Many companies have adopted the best practices of conducting proactive invention extraction sessions and directed invention brainstorming.
POSTED BY Bruce Story AT 9:15 A.M. MARCH 04, 2011 TAGS: Bruce Story | IAM | Invention | Process
Planning & Motivating IP Strategy
All the Intellectual Capital Management (ICM) processes focus on implementing IP strategy. The strategy must clearly articulate what the desired business objective is and how IP supports that.
POSTED BY Bruce Story AT 1:45 P.M. FEBRUARY 18, 2011 TAGS: Bruce Story | IAM | Process | Strategy
IP Strategy Execution and Process Implementation
The first step in implementing IP strategy is to thoroughly evaluate which processes you have that are working well and which processes are absent or are not yielding the desired results. It is important for a company to consider the best practices used by other IP leaders, both inside the company's industry as well as in other industries.
POSTED BY Bruce Story AT 10:45 A.M. FEBRUARY 4, 2011 TAGS: Bruce Story | IAM | Process | Strategy | Ad hoc
Value of a "Business-Driven" IP Strategy
To achieve value effectively, IP-savvy companies have learned to create business-aligned IP strategies. The IP strategy must be integral to the business strategy to create maximum value.
POSTED BY Bruce Story AT 11:15 A.M. JANUARY 21, 2011 TAGS: Bruce Story | IAM | Process | Strategy
Degrees of Patent Analysis: Which Approach to Use and When?
Good preparation for a patent search can lead to successful and effective patent analysis, whereas the lack of preparation can lead to the disappointed stakeholders, missed IP opportunities, or wasted time.
POSTED BY Kate Shore and Sarju Bharucha AT 12:45 P.M. FEBRUARY 16, 2010 TAGS: Kate Shore | Process | Sarju Bharucha
Measuring, Managing, and Communicating Intangible Asset Value
Intellectual property (IP), such as a patent portfolio, is a critical intangible asset for innovative companies. However, IP presents management and communication challenges because few companies catalog their IP strategically or link its development to value creation, i.e. increased revenues or decreased costs.
POSTED BY Adam Bulakowski AT 3:00 P.M. JANUARY 18, 2010 TAGS: Adam Bulakowski | Commercialization | Process | Valuation
Cost-Effective IP Strategy Investment
Whether a company uses its IP offensively or defensively, a company's investment in IP strategy can be implemented cost-effectively in both the short and long term. Four practices to consider are: an IP portfolio audit, strategic foreign filings, defensive publications, and strategic portfolio development.
POSTED BY Bruce Story and Adam Bulakowski AT 2:45 P.M. NOVEMBER 23, 2009 TAGS: Adam Bulakowski | Bruce Story | Defensive Publishing | IP Fees | Process | Strategy | Ad hoc
Leading Companies are Integrating Product Development, IAM, and IP Processes
"It is only a matter of time before the integration of IP and product development becomes part of the mainstream business process. Companies have to decide whether they want to be leaders or laggards as this happens." John Cronin, Managing Director & Chairman of ipCG, and Brad Goldense President and CEO of Goldense Group, Inc. are the authors of "Integral IAM and new product processes are the future," published in the November/December 2009 issue of IAM Magazine. Their article stresses the importance of becoming an early adopter to the growing trend of merging intellectual property and business goals.
POSTED BY Jed Cahill and Ted Anderson AT 10:20 A.M. NOVEMBER 17, 2009 TAGS: IAM | Jed Cahill | John Cronin | NPD | Outside Publication | Process | Strategy | Ted Anderson
Intellectual Asset Management Best Practices for Small Companies
Small companies can face large financial hurdles on the way to securing intellectual property (IP) protection, particularly with patents. Accumulated patent lifecycle costs can exceed $125,000 for one US & one PCT filing. This cost may include prior art searching, patent drafting, patent prosecution, and maintenance fees.
POSTED BY Nancy Edwards Cronin AND Adam Bulakowski AND Sarju Bharucha AT 4:00 P.M. SEPTEMBER 4, 2009 TAGS: Adam Bulakowski | IAM | IP Fees | Metrics | Nancy Edwards Cronin | Process | Sarju Bharucha | SME | Training and Incentives | Ad hoc
Grow Patent Quality with Reverse Engineering in Mind
Any company that files patents as part of its intellectual property (IP) strategy should be actively thinking about the end use of these assets. In order to maximize business leverage, a patent holder must be able to demonstrate that a third party is using or may have a desire to use the patented invention.
POSTED BY Jed Cahill AT 3:35 P.M. JULY 7, 2009 TAGS: IAM | Jed Cahill | Process | Strategy
Minimize Loss of Intellectual Assets When Downsizing
Is your company planning to layoff employees in response to a tougher economic environment? Do you have a process for preventing valuable intellectual assets from walking out the door along with your exiting employees?
POSTED BY Jed Cahill AT 2:05 P.M. JUNE 23, 2009 TAGS: IAM | Jed Cahill | Process | Trade Secrets
Innovation Protection Through IP Strategy
In a recent article, "Is the recession suffocating American Innovation?," Deb Riechmann of the Associated Press describes some trends that may be negatively impacting the success of innovation in the US. There has been a decline in the new patent applications at the US Patent and Trademark Office because some companies...
POSTED BY Bruce Story AT 10:10 A.M. MAY 12, 2009 TAGS: Bruce Story | IAM | Innovation | Process | Strategy
