Friday, June 12, 2009

Market Intelligence from Patent Information: RFID Case Study

Can we have a market intelligence for a specific technology field from patent information?
It is usually assume that the patent information only provide technology intelligence.
There are, however, no such restrictions in patent information. We can extract any business and technology intelligence from patent information depending on how we mine the patent information: nearly all patented inventions and innovations are, if not all, motivated initially by some business outcomes.

As a case study, we analyzed the RFID application patents.

As of Feb. 1, 2009, US issued patents analysis for RFID application market shows that the asset management market is the most active field of application technology innovations followed by security, retail, and healthcare etc.

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