| Abstrakt: |
This article defines the current gap between big data analytics and patent litigation. It discovers how big data analytics can be applied to the patent industry to create more effective risk analysis, an early warning system, and preventative strategies for inside and outside of the courtroom. Big data has the potential to modify current practices in the patent industry, namely those geared towards aiding patent examiners, attorneys, inventors, jurors, and judges. It also offers a solution to the threat that patent monetizers pose on smaller companies and inventors, who often lose time and money in these sometimes unavoidable lawsuits. This research examines the application of big data in the healthcare industry for real-time results and preventative measures. These actions set a good precedent for further diffusion into other industries, such as patent law. Features for future implementation and project development are presented as a roadmap to create a universal big data analytics system for the patent industry. [ABSTRACT FROM AUTHOR] |
