+ How does VALUENEXRadar differ from other patent & big data analytics tools?
VALUENEXRadar is a patent and big data analysis tool and as searching is not it’s primary function, it returns different results from those of an ordinary search tool. Ordinary search tools produce results based on designated search conditions, such as Boolean operators (AND, OR, NOT) relating to to keywords, IPC classification, and so forth without taking into account similarity to search parameters. VALUENEXRadar Patents produces results by considering the similarity of the entire patent text of all registered patents based on the entered text. VALUENEXRadar Documents analyzes the similarities of all text in the dataset.
+ Where do you get your data and how often is it updated?
We get our data from USPTO, JPO, EP, and WIPO. This includes both patent applications and granted patents available from 1978 to current. We perform a full update once a week.
+ How are datasets created?
With VALUENEXRadar Patents, you can create a dataset by using search query (Text or patent number) or Bibliographic Data (Assignee, Inventor, IPC, keywords in Title, etc.). You can enter up to 520K characters in the search query box for a concept search, or enter patent numbers for the basis of the analysis. VALUENEXRadar Patents gathers a dataset by considering the similarity of the entire patent text (abstract, claims and descriptions) of all registered patents based on the entered text or patent number. VALUENEXRadar Documents enables the user to upload their own datasets containing up to 100,000 documents geared towards their analytical objectives.
+ Can we upload our own data for analysis?
Yes. VALUENEXRadar Documents enables the user to upload their own datasets containing up to 100,000 documents geared towards their analytical objectives. The tools can read and analyse any .xlsx, .csv, .txt, and .tsv files in the appropriate format.
+ How does the algorithm work?
After creating or uploading a data set for analysis, it is run through the algorithm with the following steps:
- Morphological analysis of the text which separates sentences into words and phrases
- TF-IDF calculation to extract characteristic words and assign each one a weight
- Similarity calculation and vector assignment based on all words in the data set
- Visualization through proprietary algorithm based on multi-dimensional scaling
+ How is AI used in your algorithm?
AI is used for natural language processing, cluster creation, and visualization output.
+ What does 100,000 mean, and why 100,000?
Through panoramic view analytics, a proven scientific method that allows the user to “see and understand” the entirety of large amounts of data rather than the “search and reading” of individual pieces of data, the VALUENEX tool analyzes and visualizes up to 100,000 documents on a single screen. The tool has the capacity to analyze more than 100,000 documents, however, we have successfully proven that up to 100,000 documents (sometimes by sampling from the entire dataset over 100,000 documents) provides a manageable, comprehensive, and objective view of the full landscape with the support of our proprietary algorithm in processing the initial dataset.
+ What is a cluster and what does it contain?
Each circle on the radar chart is called a cluster. They contain semantically similar documents. The size of each cluster is proportional to the number of documents in it. The distance between clusters indicates the similarities between them. There is not an average number of documents in each cluster, they are positioned and sized strictly on the categorical documents within them, and the degree of similarity to others in the dataset.
+ What is technology convergence?
Technology convergence is when industries typically in separate fields of business come together. For example, the alignment of technological developments around autonomous driving has brought companies together, such as Google and Honda. Our tools can detect these convergences several years in advance with our proprietary and precise technology mapping and trend graphing.
+ What is 'White Space'?
‘White Space’ is an area of undeveloped potential, which includes unique technologies, novel patents and underdeveloped R&D.
+ Is the analysis enough to provide an industry perspective or trend?
Yes. The parameters of the search query will pull an objective and distinctly relevant dataset to create an analysis that provides a true and objective visualization with the ability to continue developing actionable insight.
+ Can we analyze internal sensitive data against external sources?
Yes, you have the option to use our in-built patent databases or upload any text data. You can analyze a sensitive document or preliminary patent application against the existing public patent applications, granted patents, or any uploaded text data. We can also create a secure closed circuit network outside of our existing cloud-based service and API, which can analyze any kind of your text data.
+ Can we compare our position in the industry against a competitor?
Yes. You can choose multiple companies when creating a dataset, limit the dataset to only your company or that of your competitor/s, or find which companies populate your field based on concept-search queries. Additionally, we can do a broad grab of patents in your core space and look for emerging companies that you might not have realized were an upcoming threat.
+ Can I run multiple analyses at the same time?
Yes. The maximum amount depends on your plan.
+ How long does it take to get the results of an analysis?
Smaller analyses can take between 10-15 minutes. When analyzing 100 000+ documents, it can take upwards of an hour.
+ Do your tools operate on Mac?
VALUENEXRadar Patents and Documents can operate on any machine with Chrome, Firefox, Safari, or Edge. ClusterMapViewer is only available on a Windows PC.
+ How much do your services cost and how do I sign up?
We offer various packages based on individual needs. See our Pricing & Plans page for details.
+ Is there a free trial?
Yes, we provide a week-long trial for free. Sign up here.
+ Do you provide training for your products?
Yes, we do.
Have another question? Contact us!