Google is a large company that has plenty of technology and many innovations, and in turn they hold plenty of patents on those technologies, but they still fell behind other big name tech companies last year for the biggest earners of U.S. patents. According to Fortune though, Google did rise up the list to reach being the company with the 8th largest amount of U.S. patents being awarded to them last year, gaining around 38% more patents in 2014 than they had the previous year which totaled a number of 2,566 U.S patents in all. With such a large portfolio it must seem like a daunting task to keep up on all the information related to patents in Google’s portfolio, and that may be true, but Google’s legal team has more than a few tools at their disposal to get the job done and one of those is an analytics software called PatentIQ.
The software is a product of a company called Innoagraphy which was founded by a former IBM worldwide industry Solutions Manager, Tyron Stading. With PatentIQ, Google’s legal team is able to access a large directory of 100 million patents with 48 million of those patents being full-text in English, while also including 14 full-text translated jurisdictions with collections from Japan, Germany, South Korea, Russia, Great Britain, Australia, and India. The idea behind PatentIQ is to empower company leaders to make more informed business decisions on their innovations, and according to Google’s Jeremiah Chan who is a senior member of the global patent team, you can use PatentIQ to see real-time data for various companies.
PatentIQ’s IP dashboards are reportedly always up to date, feeding that data in a specialized format to users made specifically for them all through simple email access. Although this isn’t the only tool that Google’s legal team uses to manage and prioritize their patent portfolio, it’s said to be extremely robust and one of their most heavily used, as it can assist them in visualizing new patent trends and determine the order of importance of new incoming patents awards, as well as determine whether they should file for renewal on patents that are about to expire.