The innovation landscape is constantly changing as new technologies and trends emerge and existing ones evolve. This constant change requires organizations to be adaptable, agile, and proactive to stay ahead of the curve and capitalize on new opportunities. There are many questions of particular interest concerning future technologies: Who is leading the innovation race? What are the most forward-looking patent developments across industries? And how can companies compare the dynamics of their innovative strength with those of their competitors?
Innovation is becoming increasingly complex as technology and society continue to evolve. Advancements in fields such as artificial intelligence, biotechnology, and nanotechnology are creating new opportunities for global innovation and new challenges. For example, the increasing interconnectivity of systems and devices brings unknown security risks and the need for more sophisticated data management.
With the growth of big data, there is a need for more advanced analytics to extract insights and make sense of the vast amounts of information being generated.
Additionally, as technology becomes more integrated into every aspect of our lives, ethical considerations and potential impacts on society must be taken into account. Future technologies innovation is increasingly becoming a multidisciplinary process, requiring collaboration across different fields and sectors.
To identify the top performers in patent development, similar publications have traditionally measured the size of patent portfolios in combination with other selection criteria, e.g., the number of patent applications. Such approaches are flawed because they are too limited to mature technology fields dominated by multinational companies, often ignoring small start-ups with early breakthrough innovations. To get a complete picture, however, it is vital to assess a patent portfolio based on its size and the individual quality of all patent families.
This approach was initially introduced in the LexisNexis® “Innovation Momentum 2022: The Global Top 100”. In this comprehensive IP report, we leveraged the advanced analytics capabilities of LexisNexis® PatentSight® to uncover a new way of measuring the growth in innovation in the last two years. This approach also helps us identify technology companies with exceptional technological significance for the future and those that are surpassing their competitors.
The innovation report rewards companies with well-maintained portfolios and recognizes technology leaders with exceptional relevance in their specific areas, highlighting truly innovative companies across all industries.
The Innovation Momentum approach is unique because it:
The list is dominated by five industries – Pharmaceuticals, Information Technologies, Chemicals & Materials, Electronics as well as Semiconductors – which underlines the drivers of change that global challenges lead to innovation.
The report itself studies three of these industries, viz. Consumer Goods, Chemicals & materials, and Medical Technologies, in-depth, including various analyses based on our proprietary innovation analytics metrics. Please follow the link below to download the full Innovation Momentum report.
Want to see the complete 2023 list of the global Top 100 and find out which companies are leading the innovation race? Get the report now.
The underlying method of the “Innovation Momentum 2023: The Global Top 100” is based on the Patent Asset Index, an industry-trusted measure that uses a scientifically validated method to evaluate the innovative strength of a patent portfolio. This approach of measuring the innovation momentum that companies were able to generate, offers an objective way of identifying companies that have surpassed their competitors in developing a qualitatively superior patent portfolio in the previous two years.
The Patent Asset Index of a patent portfolio is determined by the combined strength of all the patent families it holds. The strength of each patent family is measured by its Competitive Impact, which consists of two dimensions: Technology Relevance and Market Coverage.
Learn more about the Patent Asset Index here.
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Download Innovation Momentum 2023: The Global Top 100 to find out! Using our proprietary patent quality metrics to look at the global patent landscape we list out the Top 100 innovators worldwide. Read the full report to discover which companies are at the forefront of innovation, driving future technologies.