How To Manage Your Corporation’s Intellectual Property In 2024

Ophir Katzir News

How To Manage Your Corporation’s Intellectual Property In 2024
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Ophir Katzir: CEO & cofounder of SenseIP. Technologist & intellectual property expert who's passionate about making business sense of IP. Read Ophir Katzir's full executive profile here.

Intellectual property is crucial for securing your corporation's competitive edge. Today, the significance of IP, particularly patents, is more pronounced than ever. Here’s why and how you should manage your corporate IP effectively.First, let's address a fundamental question: Should companies still prioritize intellectual property? The answer is a resounding yes. IP, especially patents, is essential for protecting your innovative breakthroughs and maintaining a competitive advantage.

Traditionally, companies rely on patent attorneys, engaging them at later stages of research and development , often after research concludes and product release is imminent. While these attorneys provide valuable insights into freedom to operate and conduct IP landscaping, their reports can be costly, time-consuming and quickly outdated. A newly published patent can change the landscape overnight, making traditional reports less reliable.

AI, particularly large language models trained on IP, can offer a more comprehensive and timely understanding of patents. AI-powered tools can analyze global IP databases in real time, providing you with the information needed to secure relevant IP. This not only enhances the accuracy and efficiency of your IP management but also empowers you with actionable insights for strategic decision-making.In 2024, effective IP management requires a proactive, integrated approach.

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