Patent Metrics - Value metrics

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Value Metrics

Advantages

• Objective measures of strength to rank individual patents & portfolios
• Identify companies (players) with strong portfolios 
• Litigation data is used to refine our algorithms
• Average score of all patents is 1 > a score that's higher than 1 is above average for all metrics
• Unlike some of the other metrics, these can be displayed in the search Hitlist.
  

Definitions

Technology Impact: 

• It assesses the technological impact of patents and patent portfolios by attempting to overcome the biases introduced by simple citation counts
• Its a score based on the number of forward citations received by the analyzed patent families, corrected to account for age and technical domains
• Results are normalized so that an average patent family has a score of 1, making it easy to identify whether the portfolio has above or below average scores
• Includes:
  • Age of the patent (in days, using earliest application date)
  • Technical domain of the patent 
  • Count of the forward citations ; nature of citations (self or non-self)

Market Strategy: 

• Scores are based on the GDP of the countries where the analyzed patent families are granted or pending
  • Countries with expired patent rights are kept in the calculation, as long as they were granted at some point
  • Using the percentage of the global market which was or could be protected by this family a 40% reduction is applied to pending countries
  • WO/EPs figures are calculated based on the statistical chance of patents being granted in the different authorities given that a pending WO/EP exists 

Patent Strength: 

• Single score which combines the results of the Technical Impact and Market Strategy indexes
• Provides a combined score for both dead and alive patents
• Includes GDP of countries normalized by age, technical domains and citations

Patent Value: 

• Score based on the number of forward citations and GDP of the countries where the analyzed patent families are granted or pending and the REMAINING LIFE of those patents
• Calculation is weighted based on the maximum possible remaining life of the patents within the family
• It combines the Patent Strength index with a weighting based on the remaining life of the patent
  

Search results in the hitlist display

• Value metrics can be displayed in the search results hitlist
• Value metrics can be used to sort the hitlist
• Begin by using the pulldown menu in the Display function at the top of the center panel display of the search results
• Scroll down and click into the 'Edit' function:

• Move the Value Metrics of your choice into the 'Fields to display' section. 

         Hit Ok to confirm your choice

• This changes the display to a Custom display
  
• It updates the values at the top of the search results center panel

NB: You can sort by value metrics by clicking on the column: