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The Domain of Wisdom
New math for a new economy
During the past several hundreds years, companies used accounting
and financial-reporting methods for making their business decisions.
Companies thought that accounting was all about accuracy and
accounting was all about accountability, as it is a time-honored
tool for making hard decisions about companies' performances.
But today's turbulent economic environment makes that accounting no
longer delivers accountability. Accounting is increasingly
irrelevant. It is part of the old economy. We believe that the old
lens cannot capture the new economy, in which value is created by
intangible assets. Intangibles are fast becoming substitutes for
physical assets. And patents are a key asset among those
intangibles.
Patent strategy a must
Today's torrid pace of technological change has made intellectual
property a competitive weapon, one that companies can use to defend
markets, outsmart enemies, build sales, and level the playing field
for competition with larger corporations. Especially licensing
patent rights to other companies can boost the bottom line.
On a global basis, companies are using technology licensing to
generate income from a set of previously under-performing assets.
The returns from this activity can be enormous; from 1990 to 2000,
making new effort to realize returns from their assets, companies in
the USA were able to raise their technology licensing income from
$15 billion to more than $100 billion.
Without effective patent strategy, companies cannot participate in
the licensing activity, and cannot find new lines of revenue that
can bring higher return on investment. In the worst case, companies
might be sued for doing something you have always done.
The right tools help companies leverage the
full value of patents
Through effective patent analysis tools, companies can map industry
trends and gain information on their competitors. Put your
technologies through a business filter, and make it part of your
growth strategy. Knowing your patent strengths and weaknesses
can help you allocate scarce resources more effectively and increase
R&D success. The right tools even help companies establish
their licensing-in/ out strategies to boost their bottom line
results.
Wisdomain is dedicated to providing our customers
with deriving decisive insights from their patents. Our
solutions have been developed to focus on creating new revenue
source and establishing patent portfolio strategy to meet a wide
range of both management and users' requirements.
Sincerely,
CEO
Bryan Kim
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