What is a monitoring profile?
What is a monitoring profile?
A monitoring profile, in the context of patent monitoring, refers to a customized set of parameters and criteria used to filter and target specific patents or patent applications. It acts as a blueprint that outlines the specific requirements and interests of a company, guiding the monitoring system to deliver relevant and actionable information. These profiles are typically created based on a company's technological focus, market segment, competitors, or any other specific areas of interest.
Why Companies Need Monitoring Profiles:
Efficient Information Filtering: Patent databases are vast and continuously expanding, making it impractical for companies to manually review every patent. Monitoring profiles help streamline this process by allowing companies to focus on patents that align with their strategic objectives, saving time and effort.
Targeted Competitive Intelligence: Monitoring profiles can include competitor-specific parameters, enabling companies to keep a close eye on their rivals' patent activities. By identifying new patents filed by competitors, companies can gain valuable insights into their competitors' innovation strategies and potentially detect any IP infringements.
Early Detection of Potential Threats: By utilizing monitoring profiles, companies can proactively monitor patent filings within their industry. This early detection enables them to identify emerging technologies or trends that may pose a threat or create new opportunities for their business.
Tailored Innovation Tracking: Monitoring profiles can be designed to track specific technologies, allowing companies to stay updated on the latest advancements and inventions in their field. This information can inspire new ideas, support research and development efforts, and help companies stay ahead of the curve.
Cost-Effective IP Management: Effective patent monitoring is an integral part of an overall intellectual property (IP) management strategy. By using monitoring profiles, companies can optimize their IP-related activities, such as identifying patents for licensing opportunities, avoiding infringement risks, or assessing the potential value of their own patents.A patent monitoring profile is a set of criteria or parameters which usually contains a list of keywords and phrases relevant to a certain technology or industry (i.e. patent classifications) and other information such as inventor, assignee and jurisdiction.
Monitoring profiles in PATOffice
A patent monitoring profile in PATOffice is used to set up an automated patent monitoring process that continuously monitors patent databases for new patent applications and updates that meet the specified criteria.
When a new patent is identified that meets the criteria of the monitoring profile, PATOffice informs the user respectively the defined team or workspace about the patent.
This patent may then be looked at, rated, commented and so on by the according users.
Updated on: 01/06/2023