Planning/ideation of new and innovative features or concepts for new products/new services is a key concern and worry for many organizations, including technology/product planning organizations, R&D organizations, marketing organizations, etc. For this purpose, buzz, complaint/evaluation data is collected from social sources, and the demand of clients or market is constantly investigated and analyzed.
Global patent data is the culmination of collective technology intelligence; and, global patent documents are also an encyclopedia of methods of solutions to technical problems (SOLUTION); hence, patent data is the crown jewel of the technology field in comparison with anything else, as it contains the technical achievements of researchers/technologists/engineers from all over the world for more than 100 years.
As Isaac Newton once said, "If you stand on the shoulders of giants, you can see farther than they can," and we need to utilize the giant that is global patent data wisely.
Mining for co-occurring keywords that appear together in patent documents, such as the keyword Coronavirus, has yielded some surprising results, including a number of matches to candidate materials for coronavirus treatment from newspaper articles. This example hints at the possibility of finding clues to innovation in technology's collective intelligence - global patent big data.
On the other hand, patent data not only has the advantages of papers such as citation information/No. of patents related to government-funded R&D, etc., but also abundantly contains capitalistic elements that are not present in papers such as transactions/litigations/M&A/investments/standards/FDA approvals, etc. Therefore, if these elements are effectively utilized, differential performance can be achieved in i) technology sensing, ii) technology/R&D planning, iii) new product/new service feature/concept planning, and iv) utilization/convergence/application exploration.
https://whimsical.com/mp-report-mode-en-DfH8ymeiA38oF6xbtXHDDK