A new instrument for technology monitoring: novelty in patents measured by semantic patent analysis |
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Authors: | Email author" target="_blank">Jan?M?GerkenEmail author Martin?G?Moehrle |
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Affiliation: | (1) Institute of Project Management and Innovation (IPMI), University of Bremen, Wilhelm-Herbst-Str.12, 28359 Bremen, Germany |
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Abstract: | Given that in terms of technology novel inventions are crucial factors for companies; this article contributes to the identification
of inventions of high novelty in patent data. As companies are confronted with an information overflow, and having patents
reviewed by experts is a time-consuming task, we introduce a new approach to the identification of inventions of high novelty:
a specific form of semantic patent analysis. Subsequent to the introduction of the concept of novelty in patents, the classical
method of semantic patent analysis will be adapted to support novelty measurement. By means of a case study from the automotive
industry, we corroborate that semantic patent analysis is able to outperform available methods for the identification of inventions
of high novelty. Accordingly, semantic patent information possesses the potential to enhance technology monitoring while reducing
both costs and uncertainty in the identification of inventions of high novelty. |
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