Knowing the value of patents enables the formation of a more effective strategy for portfolio management, renewal decisions, licensing or selling patents and litigation. Finding the valuable patents is critical for these strategies, however when a portfolio size reaches hundreds or thousands of patents the task is extremely challenging. The common practice is to hire a team of SMEs and patent experts to read and analyze each patent and its claims. This entails a significant amount of time, exacerbated by costly patent analysis tools and is prone to potentially costly errors.
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