Olympus had one patents in big data during Q1 2024. Olympus Corp filed a patent for a system and method using artificial intelligence for patent valuation. The method involves obtaining patent classification codes, forming training vectors for each patent, and training a machine learning model to predict value metrics based on the classification codes. GlobalData’s report on Olympus gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Olympus had no grants in big data as a theme in Q1 2024.
Recent Patents
Application: Patent valuation using artificial intelligence (Patent ID: US20240020642A1)
The patent filed by Olympus Corp. describes a system and method for using artificial intelligence to value patents. The method involves obtaining a master list of patent classification codes, forming training vectors for each patent based on these codes, and training a machine learning model to predict value metrics for patents based on their classification codes. The model can also incorporate additional information from patents, such as numeric and non-numeric data, to further refine its predictions.
The claims associated with the patent detail the steps involved in training the machine learning model, including extracting additional information from patents, updating the model with new patent classification codes, and determining confidence levels for predicted value metrics. The method also outlines the use of various machine learning models, such as Support Vector Regression and Deep Neural Networks, to enhance the accuracy of patent valuation. Additionally, the patent discusses methods for handling unpublished patents and storing the trained machine learning model and master list of patent classifications efficiently. Overall, the patent aims to provide a comprehensive and efficient system for patent valuation using artificial intelligence and machine learning techniques.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
