Mining of patent databases is a useful business tool. The information can help you to identify research trends in your industry, including where competitors are focusing their R&D efforts. With this knowledge, you can be better equipped to make your own strategic decisions. For instance, you may discover that an area of potential growth for your company is overly crowded and evolved, making your entry very difficult and potentially fraught with patent infringement risk. You may also discover new and otherwise unpublished technologies upon which to build.

type Get a Competitive Advantage through Patent Database Mining