OTTAWA, Ontario, Jan. 10, 2013 /PRNewswire/ -- In 2012, intellectual property and patents became headline news as lawsuits, sales, and competitive gamesmanship resulted in an increasing number of firms actively employing intellectual assets as viable tools for building their businesses.
With the likes of Google, Samsung, Kodak, Apple and Marvell being linked to million (and billion) dollar litigation, we expect on-going growth in the number of entities seeking to enhance an IP position and to leverage those rights aggressively. Moreover, as smart phones, white goods, consumer electronics, personal health devices, and automobiles are designed to be always on, always connected, and always richly interactive, our research shows an increasing variety of competitors seeking to capitalize on product, design and intellectual innovation. The growing use of IP to differentiate and compete in these markets dictates leaders modify their plans accordingly.
Reviewing your firm's patent portfolio should be on the agenda of every boardroom discussion. As such, companies wanting to use intellectual property to establish their firm's position, defend their business, and create new revenue streams, all parts of the IP Lifecycle, must regularly evaluate their portfolios and promote partnerships amongst leaders in product, financial and legal roles. "Formalizing the responsibility for capturing innovation, valuing the resulting product and the related IP, and protecting the company's investment in today's global markets will yield long term financial benefits and deter undue risk," says Mike McLean, SVP of Intellectual Property Rights & Professional Services.
For 2013, we have identified five trends which we expect will continue to shape the intellectual property and patent space. These trends will impact those firms with an IP strategy in place and those that are currently formulating one.
TechInsights is a leader in the intellectual property market with over 20 years of experience working with firms in the semiconductor, handset, hi-tech, consumer electronics, automotive and medical industries. As the usage of patents for competitive advantage is still evolving, we encourage firms to invest in developing robust IP strategies to protect their own innovations and shareholder value.
About UBM TechInsightsUBM TechInsights is the preeminent firm for the provision of sophisticated information and advice to technology companies. Our foundation of technical expertise and analysis tools, combined with years of experience on all aspects of the IP / Technology Lifecycle allow us to deliver the highest ROI to the client. Our leadership position is sustained by our commitment to the upmost integrity, and the ongoing investment and acquisition of knowledge and capabilities necessary to meet our clients' evolving needs. If you need assistance in managing your most complex technology or IP challenges, turn to UBM TechInsights for assured results. Visit http://www.ubmtechinsights.com.
SOURCE UBM TechInsights