How Cipher identifies 'Similar' and 'Largest Relevant' organisations
When you perform an Organisation search in LexisNexis® Classification from the 'New Report' tile, and then add an organisation's portfolio to your report, you will then have access to the 'Show Similar Organisations' button.
Classification will make recommendations for Organisations with a similar portfolio that you may wish to also add to your report.
How does Cipher identify comparable portfolios?
- Classification considers both the degree of cross over in technologies between the portfolios, and also the overall size of the portfolios, in order to find organisations that can be most usefully compared to the reference organisation.
- Similarity is based on citation graphs and a similarity matrix i.e. asking how similar the reference company’s patents are to other patents and ultimately other organisations. If a patent directly cites another, we'd assign them a high similarity. If that 2nd patent cited a 3rd, we'd assign a slightly lower similarity between the 1st and 3rd patents, etc. So then once we have similarity scores between all patents, we then aggregate them by organisation.
- Classification creates two similarity lists in your report: “Similar size” and “Largest Relevant”. “Similar size” are organisations of roughly similar size with overlapping portfolios and “Largest Relevant” are the organisations with the highest number of overlapping patents regardless of size.
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