Data Mining Tools for Technology and Competitive …
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.
3 Ruotsalainen, Laura. Data Mining Tools for Technology and Competitive Intelligence. Espoo 2008. VTT VTT Tiedotteita ΠResearch Notes 2451. 63 p.
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