Gain Competitive Advantage: Benchmark Foreign Patent Filings with AQX

In the world of intellectual property (IP), knowing where to file is only the first step. The real challenge is being able to quickly gather data related to your foreign patent filings and turn it into actionable insights is time consuming. And then being able to share those insights with colleagues in dynamic visual reports.

Using integrated analytics in your foreign patent filing processes, lets you gain a full view of competitors' activities. It also helps protect your most valuable assets in key markets.

The Foreign Filing Report in AQX® helps patent owners quickly and conveniently surface any issues with their priority filing prior to making secondary filing decisions. The report is also used to analyze claims and benchmark related patents and where they have been historically filed.

Use Analytics to Benchmark Against Competitors

A key consideration when making foreign filing decisions is understanding where you are filing today, and where your competitors are filing. The Foreign Filing Report on the AQX platform allows you to compare your foreign filings to where your competitors are filing. This interactive report shows where similar patents have been filed in the past, allowing you to target regions or individual jurisdictions to prioritize filing.

Filing a few key patents in small market jurisdictions where your competitors typically file, can give your company a competitive advantage. As this often indicates that they have manufacturing and/or engineering facilities in those countries. Here is one example:

Table 1. Compare your Foreign Filing history in specific geographies against your key competitors

Communicating with Stakeholders

With these visualizations, your IP team can confidently identify countries for secondary filings to strengthen coverage and maintain global competitiveness. Good foreign filing decisions don't happen in isolation and must involve the business to determine how broadly to file and to improve the quality of your overall portfolio. Technology and tools enable IP teams to make decisions throughout the foreign filing lifecycle.

In summary, the AQX IP management platform allows you to:

• Make informed decisions with dynamic charts, graphs, and tables of your company’s filings, or a competitive market landscape for a given product.
• Review a company’s IP position across jurisdictions by running a report that provides the raw data and a visual representation of the patent portfolio. With this information, you can quickly make decisions to expand or reduce international coverage based on available budget, time, and foreign patent filing strategy.
• Provide reporting to company decision-makers based on classifications like technology, brand, and existing prior art within a given jurisdiction.

Determining which patents and markets need global protection is a strategic process that requires careful consideration and integrated tools. With the AQX® IP management platform, organizations can make informed decisions that are aligned with their budget, time, and foreign patent filing strategy.