Clarivate Analytics has announced that the new name for its search and analytics platform, Thomson Innovation, will be Derwent Innovation. The announcement was made at the Patent Information Users Group (PIUG) Annual meeting in Atlanta. The name change supports the company's broader patent and IP commitment and its expertise in driving innovation, while paying homage to Derwent's 50-year + heritage of analyzing quality patent information.
For over 50 years Derwent has been the leader in patent-smart technology, content and applications. The new name reflects the Derwent World Patents Index heritage of accurate, precisely-indexed and enhanced patent data.
As a newly-independent company, Clarivate Analytics is accelerating investment in technology, analytics and content, enabling agility in customer problem-solving. Derwent Innovation is no exception. As part of the July 2017 release of Derwent Innovation, the company is releasing accurate legal status (e.g. dead / alive status, expiration date) and ownership across millions of patents by applying innovative artificial intelligence to Derwent's enhanced patent data.
Consider that the average patent is thought to be in effect for 20 years, when factoring in term extensions being issued at a rate of 54%, the difficulty of determining a patent's status increases dramatically. Additional variables can further complicate the process. Derwent Innovation's latest features make it easier to determine if a patent is still in force and when it will expire.
The new name is effective immediately, and will be implemented across the company's products and services throughout this calendar year and into 2018.
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