Data Mining Tools for Technology and …

← Back to document page

VTT RESEARCH NOTES 2451 data Mining Tools for Technology and Competitive IntelligenceESPOO 2008VTT RESEARCH NOTES 2451Approximately 80 % of scientific and technical information can be foundfrom patent documents alone, according to a study carried out by theEuropean Patent Office. Patents are also a unique source of informationsince they are collected, screened and published according to internationallyagreed standards. In addition to being an extremely valuable source oftechnology intelligence, patent documents offer a business competitiveintelligence. Being aware of the state of the art of relevant Technology areasis crucial for a company's innovation process. Knowledge of developedtechniques and products forestalls overlapping R&D projects and therebyprevents unnecessary investment. Equally important is the recognition ofother actors operating in the field. Benchmarking and evaluating acompetitor's R&D and market strategies aids in managing one's ownprocesses and locating possible parties for collaboration or the patent system was established, more than 60 million patentapplications have been published.

4 This study took the point of view of a patent analyst with a basic understanding of patent data but no special knowledge of data mining techniques or the tools tested.

  Technology, Data, Tool, Mining, Technique, Data mining techniques, Data mining tools for technology and