The Intellectual Property & Science business of Thomson Reuters has released the finding of the 2016 State of Innovation Report: Disruptive, Game-Changing Innovation study. According to the study, the pace of innovation among global corporations, universities, government agencies and research institutions has reached record levels.
Now in its seventh year, the annual study analyses global intellectual property data, including worldwide patent application activity and scientific literature publications, as a leading indicator of innovation across 12 technology areas. This year's study finds a double-digit year-over-year surge in innovation growth, led by significant increases in the Medical Devices, Home Appliances, Aerospace and Defense, Information Technology, and the Oil & Gas sectors.
The study also tracks global scientific literature publications as a window into the scientific and scholarly research that typically precedes discovery and the protection of innovation rights. Total scientific literature production, in contrast to overall patent volume, has posted a year-over-year decline, suggesting a potential slowdown in future innovation growth.
Data in the 2016 State of Innovation report was compiled using Thomson Reuters Derwent World Patents Index and Web of Science.
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