Patent portfolios are susceptible to rapid obsolescence due to the unparalleled rate of technological advancement, which diminishes their utility and lucrative prospects. Patent portfolios are progressively susceptible to obsolescence due to the unprecedented rate of technological advancement, which substantially reduces their utility and potential for financial gain. A patent issued today reflects the state of technology and market demands that are three to four years old as a result of the patent application and issuance process, owing to the rapid acceleration of technological innovation. The temporal delay implies that recently granted patents might not correspond to the present technological environment, given that substantial changes can transpire within a few years, rendering inventions that were once at the forefront obsolete. In today’s rapidly evolving technological environment, the conventional belief that patents increase in value with time is losing relevance. The fact that entire technology sectors can undergo significant transformations or become outdated in a matter of years highlights the difficulty of sustaining a patent portfolio that is both pertinent and profitable. To thrive in this ever-evolving landscape, patent portfolio management must adopt a more proactive and prospective stance, acknowledging that the swift progression of technology can have substantial repercussions on the worth and practicality of patents.
Since 1998, ipCapital Group has delivered over 1500 successful IP engagements to over 10% of the Fortune 500, in a wide range of industries. Our professional services maximize financial results for clients that seek to develop and execute intellectual property (IP) strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices.