Benefits of AI Classification in PatentSight
PatentSight is the only patent analytics tool to use AI and machine learning to map patents to technologies. Why does this matter?
AI Classification in PatentSight gives you accurate and up-to-date patent information on how you view the technology spaces you are operating in and allows you to visualize this data to make better decisions on your portfolio more effectively.
AI Classification allows you to build a custom taxonomy that is relevant to your business needs. You can then analyse your custom taxonomy in more detail with the powerful PatentSight features available – Patent Asset Index metrics, captivating visualizations, unparalleled flexibility, and superior data quality. Whether your analyses is for competitive intelligence, benchmarking, trend scouting, or portfolio optimization, AI Classification allows for these analyses in the technology space relevant to you.
Patent portfolios are strategic assets for your organization, and managing them to achieve your business objective requires accurate customized information that is easy to access.
So what is AI Classification?
AI Classifiers allow you to zone in on the patents that are relevant to the technology areas you operate in, by building a 'Classifier' that is defined to your technology area.
LexisNexis PatentSight+ uses AI Classification to read all the millions of patents globally and pull the relevant patents into your Classifier. The Classifier is defined by you and the machine does all the hard work of going and finding the right patents. The machine can read more than 60 million patents an hour and looks at 200,000 data points in the patent.
This scoring system enables precise, focused analysis of patent portfolios, technology landscapes, and innovation trends. By filtering based on classifier scores, users can quickly hone in on the most relevant inventions, streamline competitive intelligence, and make data-driven decisions with greater confidence.
We can assist you in the building of the AI Classifiers, or you can be trained to build them yourself. We find a solution that fits your requirements.
The Classifier is defined by you and the machine does all the hard work of going and finding the right patents. The AI Classifier in PatentSight+ transforms how users explore and analyze patent data by introducing classifier-based filtering and insights.
How do Classifiers work?
Bringing AI and machine learning to patent data - The AI Classification algorithm is unique and ‘reads’ over 200,000 data points in each patent and over 60 million patents an hour to classify the patents that you define you are looking for.
Benefiting from AI and machine learning - Defining the technology area can be done by anyone. Pulling the correct patents into that technology space using Boolean and searching can be challenging. Using AI and machine learning to do the hard work gives you a much more accurate, objective and repeatable alternative.
The founder of AI patent classification - Over 9000 classifiers are used by patent-owning organizations around the world. The Classification, powered by Cipher, has been building classifiers for 10 years and is the only algorithm that has been independently tested and academically peer-reviewed.
Where to find more information about Classifiers in PatentSight
If you have any questions about the new capabilities, please reach out to your customer success manager, who will be happy to help you, or send us a note at support@lexisnexisip.com. Further information can also be found on the following links: