Corporate value today is now largely vested in intangible assets, including intellectual property (IP). This is driving a dramatic expansion in IP portfolios, with the attendant costs of securing, maintaining and protecting patent and trademark rights in jurisdictions worldwide.
Managing IP as a strategic asset — and a major cost center — is an issue of increasing importance. To improve their management of IP budgets, organizations need greater foresight to inform critical IP filing and renewal decisions.
In this report, we examine the need for improved budgeting and forecasting of IP costs and how Clarivate™ is answering the call with a new, artificial intelligence (AI)-driven solution that gives IP professionals powerful capabilities for predictive budget forecasting.
