Intellectual property (IP) management is a system that manages intangible assets such as designs, publications, inventions, computer software, and music and primarily encompasses copyrights, patents, and trademarks. These assets increasingly constitute a large proportion of company net worth and therefore the protection and management of IP has become imperative. When managed effectively, IP can be a critical growth driver for an organization, impacting branding, product development, revenue opportunities, processes, and more.
Like many business assets, IP is most meaningful when reviewed regularly to help an organization maximize its return on investment. For instance, evaluating how much an organization is spending on IP administration costs can reduce unproductive legal spend. Similar process reviews can help organizations optimize resources and streamline from ideation to commercialization while also identifying which assets are over or underperforming so that investments can be made flexibly. Data is crucial for an effective IP management strategy and to make faster and better decisions. However, this data is not always captured by organizations that deprioritize IP management leading to decision-making without any relevant information.
Automation streamlines IP management and reduces the opportunity for error while at the same time giving organizations more control over the details and frees up valuable time for IP teams to focus on strategic planning and execution. IP management software enables organizations to keep track of trademarks, copyrights, and patents. These solutions give more control through greater visibility of a company’s entire inventory of IP and its status, as well as analysis, reporting, and reminders. By using IP management services, organizations can see cost savings and provide additional revenue opportunities. IP services also help attorneys and IP law firms with preparing for and conducting IP fillings and litigation.
At this juncture, there is a wide variety of IP management solution providers are entering the market with a set of advanced offerings and novel ideas, intent on making their mark in the market. To help companies navigate through the best-of-breed IP management Consulting/Service providers, CIO Applications has compiled a list of ‘Top 10 Intellectual Property Management Consulting/Service Providers – 2020.’ The enlisted organizations are poised to increase their market presence by introducing innovative solutions that protect IP assets. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you CIO Applications’, “Top 10 Intellectual Property Management Consulting/Service Providers – 2020.”