Launching AI-Powered LexisNexis® TechDiscovery
AI-Powered TechDiscovery Tool to Make Patent Discovery Quick and Intuitive for All
A New Component of the LexisNexis® PatentSight+™ Platform, LexisNexis® TechDiscovery Enables Comprehensive Patent Searches Using Simple Words and Phrases
NEW YORK, October 1, 2024 – LexisNexis® Legal & Professional today introduced LexisNexis® TechDiscovery, an AI-powered tool designed to simplify patent research. As a new module to the LexisNexis® PatentSight+™ platform, LexisNexis TechDiscovery makes patent searches fast and intuitive, allowing both IP experts and business partners to find relevant patents using simple inputs. Users can conduct searches based on single words, brief descriptions, or excerpts from patents, articles, or non-patent literature—as well as reference patent numbers.
“LexisNexis TechDiscovery makes one of the world’s most comprehensive patent datasets accessible to everyone,” said Andrew Matuch, President for LexisNexis® Intellectual Property Solutions. “Using LexisNexis TechDiscovery, IP teams can deliver insights faster and more efficiently to support their internal stakeholders, while business partners across other functions like engineering, R&D, and business development can run quick searches to evaluate inventions, explore licensing opportunities, or assess M&A prospects—without the need to immediately involve their IP departments.”
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LexisNexis TechDiscovery uses Generative AI (GenAI) to expand simple search queries, then Extractive AI compares over 200 data points, based on a unique “fingerprint” for each patent. Supported by machine learning algorithms that have been tested by over 100 global companies and constantly improved for more than a decade, LexisNexis TechDiscovery refines its directional results within seconds to surface the most relevant patents. Users can further improve results by marking patent families as relevant or irrelevant, gaining detailed insights into a technology field in under three minutes.
“The combination of AI and proven technology enhances both the accuracy and efficiency of patent research.” added Matuch. “LexisNexis TechDiscovery is just the beginning. We’re committed to expanding AI capabilities within PatentSight+™, enabling even faster insights and providing more intuitive tools to help our customers innovate effectively.”
LexisNexis TechDiscovery is designed to make patent research easier and faster across the organization:
- Patent professionals can use LexisNexis TechDiscovery to reduce their workload and stress by getting quick insights into new business areas and supporting other parts of the business with rapid and accurate patent insights.
- Other business functions such as engineering, R&D, and business development can use LexisNexis TechDiscovery for quick and simple patent research to evaluate concepts for new inventions, explore licensing or partnership options, or investigate M&A opportunities.
LexisNexis TechDiscovery is the latest addition to the AI-driven features of PatentSight+, further solidifying LexisNexis leadership in innovation and patent analytics. Developed in accordance with RELX Responsible AI Principles, LexisNexis TechDiscovery upholds standards of transparency, bias prevention, human oversight, and data privacy, ensuring its ethical use and making a positive real-world impact.
To further strengthen and innovate around its AI solutions, LexisNexis Intellectual Property Solutions also announced its new AI-Insider Program designed to support the IP community and provide insights into LexisNexis latest AI developments.
For more information on LexisNexis TechDiscovery, the AI-Insider Program, and LexisNexis PatentSight+, visit www.LexisNexisIP.com/TechDiscovery
About LexisNexis® Legal & Professional
LexisNexis® Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,800 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About LexisNexis® Intellectual Property Solutions
LexisNexis® Intellectual Property Solutions bring clarity to innovation for businesses worldwide. We enable innovators to accomplish more by helping them make informed decisions, be more productive, comply with regulations, and ultimately achieve a competitive advantage for their business. Our broad suite of workflow and analytics solutions (LexisNexis® PatentSight+™, LexisNexis® Classification, LexisNexis® IPlytics™, LexisNexis PatentOptimizer®, LexisNexis PatentAdvisor®, and LexisNexis TotalPatent One®, LexisNexis® IP DataDirect), enables companies to be more efficient and effective at bringing meaningful innovations to our world. We are proud to directly support and serve these innovators in their endeavors to better humankind.
Media Contact:
Andrew Weinstein
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LexisNexis | Intellectual Property Solutions
Bringing clarity to innovation