Industrial Digital Transformation
This LexisNexis® Cipher report reviews the industrial digital transformation in tomorrow’s factory.
Leading industrial manufacturing companies are competing and partnering with Big Tech organization like Google, Microsoft and IBM as the digital transformation in the industry becomes crucial for survival.
Besides advanced analytics, industrial IoT and cloud computing are high on the agenda for investors. Manufacturers want to be able to make proactive decisions to maximize their performance, respond to demand fluctuations and make sure they’re flexible in their everyday operations. Could IoT and cloud computing help manufacturers become more resilient to future “black swan” events and a future pandemic?
This article explores how Big Tech companies are driving digital transformation in the modern factory and looks through a patent lens at the innovations and emerging key players dominating this space. This data-led approach uncovered the following insights:
- Advances in technology like Artificial Intelligence have sparked an arms race for manufacturers to become leaner and more efficient,
- Big Tech is asserting operation technology leadership and innovation across the manufacturing landscape, with Amazon among the top 3,
- Asset tracking solutions are being adopted at pace and are a focus area for optimization for partnerships like SAP and Oracle.
Use cases enabled by patent analytics
Become more effective at managing your patent portfolio, identify worldwide relevant patents and technology trends, assess the competitive landscape, and find partners and licensing opportunities.
R&D and innovation
Improve innovation with a clearly defined IP strategy that is connected to the business goals and alerts for new entrants and potential partners.
Competitive
intelligence & benchmarking
Base decision making on true patent portfolio strength and quality indicators while relying on industry-proven KPIs to track your competitors’ progress.
Portfolio optimization
Answer key questions to define international patent filing strategy, increase portfolio efficiency, and identify competitive strengths and weaknesses.
Disruptive technology scouting
Identify disruptive innovations and promising startups to help you gain a competitive edge.
Risk assessment
Stay one step ahead of your competition, disruptive technologies, important patent activity in China, and/or NPE threats. Efficiently assess the value or risk of acquisition targets.
Licensing & monetization
With analytics on all patent portfolios in all technologies, you can evaluate your most valuable patents for licensing and even identify potential licensees.