Amidst the ongoing technological disruption, the latest sector that is gearing up to join digitalization is intellectual property (IP) management industry. Despite the initial uncertainty surrounding the impact of digitalization, many law firms and corporations today believe the sector to be on the verge of a renaissance. Being the first one to witness the power of digitalization through IP management software (also known as intellectual asset management software), law firms are among the prime champions of digitalization. They appreciate and understand the impact of digitalization trends. Now, many entities in the protection arena use IP management software to manage and protect patent portfolios.
Additionally, newer capabilities built into these software tools help to confer a strategic advantage to IP teams and corporations via research tools and analytics. For law firms managing designers, artists, inventors, and companies with patented products or services, it is imperative to centralize up-to-date client information, license agreements, and opposition filings in a single repository. Besides, many firms are also looking to integrate third-party case management tools with IP management software for streamlining the lifecycle of IP procurement and litigation. Simultaneously, some products in this category function solely as third-party services like patent search engines or filing assistants.
Alternatively, outsourced services for emerging technologies like blockchain, artificial intelligence (AI), big data, and holistic IP software are reshaping the intellectual property management tools and establishing themselves as the game changers of the field. Especially, integrated services around blockchain are helping performance rights organizations to issue their own blanket licenses to collect royalties for their members. Additionally, alternative means to protect IP and services-for-hire are finding popularity among law firms and corporations, while few corporations are looking at outsourcing of IP services for better management. From all this, it is evident that industry professionals are open to replacing administrative tasks such as monitoring, research and filing annuity payments with holistic IP software platforms, artificial intelligence, and blockchain technology.
With a comprehensive view of the different IP services, this edition of CIO Applications brings to you the leading IP management consulting and service companies. A distinguished panel comprising CEOs, CIOs, VCs, and analysts, along with CIO Applications’ editorial board has evaluated several IP service companies and shortlisted the ones that are distinctively prominent in the field. The companies listed here showcase extensive business knowledge and exhibit competence in delivering innovative services that meet the needs of the customers.
We present to you CIO Applications’ “Top 10 Intellectual Property Management Consulting/Services Companies – 2019.”