PatSnap, provider of research and development (R&D) analytics, has unveiled PatSnap Workspaces, a cloud platform designed to encourage and enhance collaboration within R&D teams, and between R&D and other business units.
R&D teams, Intellectual Property (IP) departments and other innovation stakeholders such as senior management must have a collaborative understanding of their company's R&D strategy, the IP portfolio which underpins it, and review and tweak their strategies accordingly.
PatSnap Workspaces enables R&D teams to manage work, set up automatic alerts for technology areas and competitors, track patent reviewing, capture important patents and annotate them. Observations can be shared amongst colleagues, enabling teams to work from the same dataset, and avoid duplication of efforts. Lists of patents can be marked with comments and custom fields, shared, and edited by anyone in an organisation with a PatSnap account.
Other features of PatSnap Workspaces include the ability to:
- Assign relevant patents to specialist reviewers using a fully trackable workflow
- Set due dates and task priorities for patent reviewers
- Add specific instructions for complex tasks or different reviewers
- Create and include custom data dimensions or fields for personalised analyses
"Communication and collaboration between R&D and other business departments is often extremely poor. They tend not to communicate with each other effectively, and therefore miss out on opportunities. Sales, marketing, finance, HR and other departments all have their set of dedicated software tools which help them track progress and measure what different parts of their organisation is doing. R&D is for the most part flying blind – they haven't got their metrics in place, leading to communication breakdowns and inefficiencies," said Markus Haense, CTO at PatSnap.
Mr. Haense continued "R&D teams need a platform where people can share one space, and collaborate on projects. PatSnap Workspaces will invite R&D teams, IP teams and other project stakeholders to manage their projects within a sandbox in the cloud. We are delighted to be offering real solutions to the problems faced by innovators around the world."
R&D investment was estimated to top US$2 trillion in 2017, and with today's economic pressures, businesses are being forced more than ever to make intelligent investment decisions. In the past 40 years, R&D productivity has dropped by an estimated 65%, and PatSnap's over 3,000 global customers understand the need to 'look before you leap' and make use of PatSnap's solutions to accelerate their innovation.
PatSnap, which is experiencing rapid growth and is offering a large number of career opportunities, has offices in Singapore, China, the UK and USA. It has brought together the world's most comprehensive R&D dataset. By adding over 125 million patents, licensing and litigation data, economic data, patent valuation, non-patent literature and image and chemical formula search, PatSnap provides the world's most innovative organisations with a new, intuitive source of information for use during research. The launch of PatSnap Workspaces provides a platform for collaboration to be facilitated and encouraged, leading to the alignment of teams and successful execution against business goals and targets.