PatSnap unveils cloud collaboration platform for R&D teams

Published On : 02/21/2018

PatSnap, the world’s leading provider of research and development (R&D) analytics, has publicly unveiled PatSnap Workspaces, a cloud platform designed to encourage and enhance collaboration within R&D teams, and between R&D and other business units.

R&D teams, Intellectual Property (IP) departments and other innovation stakeholders such as senior management must have a collaborative understanding of their company’s R&D strategy, the IP portfolio which underpins it, and review and tweak their strategies accordingly.

PatSnap Workspaces enables R&D teams to manage work, set up automatic alerts for technology areas and competitors, track patent reviewing, capture important patents and annotate them. Observations can be shared amongst colleagues, enabling teams to work from the same dataset, and avoid duplication of efforts. Lists of patents can be marked with comments and custom fields, shared, and edited by anyone in an organisation with a PatSnap account.

Other features of PatSnap Workspaces include the ability to:

• Assign relevant patents to specialist reviewers using a fully trackable workflow
• Set due dates and task priorities for patent reviewers
• Add specific instructions for complex tasks or different reviewers
• Create and include custom data dimensions or fields for personalised analyses

“Communication and collaboration between R&D and other business departments is often extremely poor. They tend not to communicate with each other effectively and therefore miss out on opportunities. Sales, marketing, finance, HR and other departments all have their set of dedicated software tools which help them track progress and measure what different parts of their organisation is doing. R&D is, for the most part, flying blind – they haven’t got their metrics in place, leading to communication breakdowns and inefficiencies,” said Markus Haense, CTO at PatSnap.

Mr. Haense continued “R&D teams need a platform where people can share one space, and collaborate on projects. PatSnap Workspaces will invite R&D teams, IP teams and other project stakeholders to manage their projects within a sandbox in the cloud. We are delighted to be offering real solutions to the problems faced by innovators around the world.”

R&D investment was estimated to top US$2 trillion in 2017, and with today’s economic pressures, businesses are being forced more than ever to make intelligent investment decisions. In the past 40 years, R&D productivity has dropped by an estimated 65%, and PatSnap’s over 3,000 global customers understand the need to ‘look before you leap’ and make use of PatSnap’s solutions to accelerate their innovation.

PatSnap, which is experiencing rapid growth and is offering a large number of career opportunities, has offices in Singapore, China, the UK and USA. It has brought together the world’s most comprehensive R&D dataset. By adding over 125 million patents, licensing and litigation data, economic data, patent valuation, non-patent literature and image and chemical formula search, PatSnap provides the world’s most innovative organisations with a new, intuitive source of information for use during research. The launch of PatSnap Workspaces provides a platform for collaboration to be facilitated and encouraged, leading to the alignment of teams and successful execution against business goals and targets.

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.