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New Clarivate Report Reveals Challenges and Trends Shaping IP Operations

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Clarivate Plc (NYSE: CLVT) has released a new report titled 'Excellence in IP Operations' based on a global survey of 184 IP professionals. The report highlights key challenges and trends shaping intellectual property (IP) operations, focusing on strategy alignment, resource allocation, technology enablement, and AI adoption.

Key findings include:

  • 65% of corporate respondents with clear KPIs reported alignment between IP and business strategies
  • Well-managed operational processes correlate with greater strategic alignment and efficient staff use
  • 83% of respondents spending over half their time on unrelated tasks were not using AI in their IP department
  • 64% of respondents dissatisfied with their technology setup spent more time on tasks outside their primary role

The report emphasizes the importance of aligning KPIs with business goals, effective process management, closing the AI adoption gap, and leveraging technology for efficiency in IP operations.

Clarivate Plc (NYSE: CLVT) ha pubblicato un nuovo report intitolato 'Eccellenza nelle Operazioni di Proprietà Intellettuale', basato su un sondaggio globale condotto su 184 professionisti della PI. Il rapporto mette in evidenza le principali sfide e tendenze che modellano le operazioni di proprietà intellettuale (PI), concentrandosi sull'allineamento strategico, l'allocazione delle risorse, l'abilitazione tecnologica e l'adozione dell'IA.

I principali risultati includono:

  • Il 65% dei rispondenti corporate con KPI chiari ha riportato un allineamento tra le strategie PI e aziendali
  • I processi operativi ben gestiti sono correlati a un maggiore allineamento strategico e a un uso efficiente del personale
  • Il 83% dei rispondenti che trascorrono oltre la metà del loro tempo in compiti non correlati non utilizza l'IA nel proprio dipartimento PI
  • Il 64% dei rispondenti insoddisfatti della propria configurazione tecnologica dedicava più tempo a compiti al di fuori del proprio ruolo principale

Il rapporto sottolinea l'importanza di allineare gli KPI con gli obiettivi aziendali, una gestione efficace dei processi, colmare il divario nell'adozione dell'IA e sfruttare la tecnologia per migliorare l'efficienza nelle operazioni di PI.

Clarivate Plc (NYSE: CLVT) ha publicado un nuevo informe titulado 'Excelencia en las Operaciones de Propiedad Intelectual', basado en una encuesta global de 184 profesionales de PI. El informe destaca los principales desafíos y tendencias que moldean las operaciones de propiedad intelectual (PI), centrándose en la alineación estratégica, la asignación de recursos, la habilitación tecnológica y la adopción de IA.

Los hallazgos clave incluyen:

  • El 65% de los encuestados corporativos con KPIs claros reportaron alineación entre las estrategias de PI y las de negocio
  • Los procesos operativos bien gestionados se correlacionan con una mayor alineación estratégica y un uso eficiente del personal
  • El 83% de los encuestados que pasan más de la mitad de su tiempo en tareas no relacionadas no utiliza IA en su departamento de PI
  • El 64% de los encuestados insatisfechos con su configuración tecnológica pasaron más tiempo en tareas fuera de su rol principal

El informe enfatiza la importancia de alinear los KPIs con los objetivos empresariales, una gestión eficaz de procesos, cerrar la brecha en la adopción de IA y aprovechar la tecnología para la eficiencia en las operaciones de PI.

Clarivate Plc (NYSE: CLVT)는 184명의 지식재산권(IP) 전문가를 대상으로 한 글로벌 설문조사를 기반으로 'IP 운영의 우수성'이라는 제목의 새로운 보고서를 발표했습니다. 이 보고서는 지식재산권(IP) 운영을 형성하는 주요 도전과 트렌드에 중점을 두며, 전략적 정렬, 자원 할당, 기술 도입 및 인공지능(AI) 채택을 다룹니다.

주요 발견 사항은 다음과 같습니다:

  • 명확한 KPI를 가진 기업 응답자의 65%가 IP와 비즈니스 전략 간의 정렬을 보고했습니다
  • 잘 관리된 운영 프로세스는 전략적 정렬 및 직원 효율적 사용과 연관되어 있습니다
  • 자신의 업무와 관계 없는 작업에 절반 이상의 시간을 소요하는 응답자의 83%는 IP 부서에서 AI를 사용하지 않았습니다
  • 기술 설정에 불만을 가진 응답자의 64%는 자신이 주로 하는 역할 외의 작업에 더 많은 시간을 할애했습니다

이 보고서는 KPI를 비즈니스 목표와 정렬시키는 것, 효과적인 프로세스 관리, AI 채택 격차를 해소하는 것, 그리고 IP 운영의 효율성을 위해 기술을 활용하는 것의 중요성을 강조합니다.

Clarivate Plc (NYSE: CLVT) a publié un nouveau rapport intitulé 'Excellence des opérations en propriété intellectuelle', basé sur une enquête mondiale auprès de 184 professionnels de la PI. Le rapport met en lumière les principaux défis et tendances qui façonnent les opérations de propriété intellectuelle (PI), en se concentrant sur l'alignement stratégique, l'allocation des ressources, l'activation technologique et l'adoption de l'IA.

Les principaux résultats incluent :

  • 65 % des répondants d'entreprise avec des KPI clairs ont rapporté un alignement entre les stratégies PI et les stratégies commerciales
  • Des processus opérationnels bien gérés sont corrélés à un meilleur alignement stratégique et à une utilisation efficace du personnel
  • 83 % des répondants consacrant plus de la moitié de leur temps à des tâches non liées n'utilisaient pas l'IA dans leur département PI
  • 64 % des répondants insatisfaits de leur configuration technologique passaient plus de temps sur des tâches en dehors de leur rôle principal

Le rapport souligne l'importance d'aligner les KPI avec les objectifs commerciaux, la gestion efficace des processus, de réduire l'écart d'adoption de l'IA et d'exploiter la technologie pour améliorer l'efficacité des opérations de PI.

Clarivate Plc (NYSE: CLVT) hat einen neuen Bericht mit dem Titel 'Exzellenz in den IP-Operationen' veröffentlicht, der auf einer globalen Umfrage unter 184 IP-Profis basiert. Der Bericht hebt die wichtigsten Herausforderungen und Trends hervor, die die Betriebsabläufe im Bereich geistiges Eigentum (IP) prägen, mit Fokus auf strategische Ausrichtung, Ressourcenallokation, Technologieförderung und KI-Adoption.

Zu den wichtigsten Ergebnissen gehören:

  • 65% der Unternehmensrespondenten mit klaren KPIs berichten von einer Ausrichtung zwischen IP- und Geschäftsstrategien
  • Gut gemanagte operative Prozesse korrelieren mit einer höheren strategischen Ausrichtung und effizientem Personaleinsatz
  • 83% der Befragten, die mehr als die Hälfte ihrer Zeit mit nicht verwandten Aufgaben verbringen, nutzen in ihrer IP-Abteilung keine KI
  • 64% der Befragten, die mit ihrer technologischen Ausstattung unzufrieden sind, verbringen mehr Zeit mit Aufgaben außerhalb ihrer Hauptrolle

Der Bericht betont die Bedeutung der Ausrichtung von KPIs mit den Unternehmenszielen, eines effektiven Prozessmanagements, die Schließung der KI-Adoptionslücke und die Nutzung von Technologie zur Effizienzsteigerung in den IP-Operationen.

Positive
  • Survey-based report provides valuable insights and benchmarks for IP operations excellence
  • 65% of corporate respondents with clear KPIs reported alignment between IP and business strategies
  • Well-managed operational processes correlate with greater strategic alignment and efficient staff use
  • Clarivate's expertise in data, people, processes, and technology helps clients transform IP operations
Negative
  • 83% of respondents spending over half their time on unrelated tasks were not using AI in their IP department
  • 64% of respondents dissatisfied with their technology setup spent more time on tasks outside their primary role
  • IP teams face challenges in prioritizing and balancing strategy and tactics due to resource constraints

Insights

This report offers valuable insights into the current state of IP operations, highlighting key trends and challenges faced by corporations and law firms. The survey's findings reveal several critical points:

  • Strong correlation between well-defined KPIs and strategic alignment
  • Importance of efficient process management for operational success
  • Significant gap in AI adoption despite growing interest
  • Impact of technology enablement on workflow efficiency
  • Need for innovative approaches to resource management

These insights could help Clarivate (CLVT) position itself as a thought leader in IP operations, potentially driving demand for its services. However, the report doesn't directly mention any financial impact or new product launches, limiting its immediate effect on stock performance. Long-term, this research could inform Clarivate's product development and marketing strategies, potentially strengthening its market position in IP intelligence solutions.

The report highlights a significant opportunity in the AI and technology enablement space for IP operations. With only 17of respondents effectively using AI and 64reporting low satisfaction with their tech setup, there's a clear market need for advanced IP management solutions.

For Clarivate, this presents a potential growth avenue. By leveraging its expertise in IP intelligence and data analytics, the company could develop and market AI-powered tools specifically designed for IP operations. This aligns with the industry trend towards digital transformation and could provide a competitive edge.

However, the report doesn't indicate any immediate product launches or revenue impacts. The long-term value lies in Clarivate's ability to capitalize on these insights and translate them into marketable solutions, which could drive future growth and potentially impact stock performance positively.

Sharing benchmarks and strategies to elevate IP practices

LONDON, Sept. 24, 2024 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today released a new survey-based report that reveals insights and best practices for optimizing intellectual property (IP) operations. In the Excellence in IP Operations report, experts highlight challenges and opportunities facing IP operations departments through the lens of strategy alignment, resource allocation, technology enablement and artificial intelligence (AI) adoption.

The report is based on a global survey which took place over 10 weeks. 184 IP professionals from corporations and law firms, including both clients and non-clients of Clarivate, responded to the survey. From these responses, Clarivate experts analyzed results to unveil key insights and benchmarks, helping IP departments understand ways to achieve operational excellence.

Annya Dushine, Senior Director, IP Consulting, Clarivate, said, "The world of IP experienced a seismic shift over the last half-decade. This survey gives us fundamental insights into what the industry is experiencing today. By combining these results with our extensive knowledge of IP operations, we can shed light on trends and challenges in IP operations and help organizations and law firms build effective strategies to achieve IP operations excellence."

Key findings of the report include: 

  • Highly rated IP operations teams align KPIs to business goals: Established and well-communicated key performance indicators (KPIs) and success metrics correlate to strong alignment between IP and business strategies. 65% of corporate respondents who knew and understood their department's KPIs also indicated that their IP and overall business strategies were aligned. This figure rises to 70% for law firm respondents.

  • Process management is a key enabler for success: Organizations with well-managed operational processes not only show greater strategic alignment but also more efficient use of staff. While expanding a staff member's remit can lead to more diversified skills, it may also negatively impact work quality and productivity. Getting the balance right is critical for maintaining employee satisfaction and supporting growth.

  • Closing the AI adoption gap leads to excellence: Interest and awareness in AI technology is increasing, particularly around complex IP workflows; yet deployment remains low. For both corporations and law firms, IP teams who were behind the curve on AI deployment experienced greater inefficiencies. 83% of respondents who spent over half their time on tasks unrelated to their primary role were not currently using AI in their IP department.

  • Technology enablement encourages efficiency: Satisfaction with technological setup is closely linked to well-defined roles and clearly integrated IP workflows. 64% of respondents who reported very low satisfaction with their technology setup also spent more than 50% of their time on tasks outside their primary role. In contrast, respondents who felt well-equipped with the right technology spent significantly less time on unrelated tasks.

  • Constrained resources require novel approaches to IP operations: IP teams need to find novel ways to perform their daily tasks more effectively when budgets are tight. Exploring new AI-based features and functionalities within the software they already utilize may help. 

Vasheharan Kanesarajah, Vice President, Head of Strategy, Intellectual Property, Clarivate, said: "IP professionals are under pressure to prioritize and balance strategy and tactics. A continuous stream of new tools, technologies and business models creates a shifting landscape that can be challenging to navigate. By combining our unmatched data and expertise in people, processes, intelligence and technology, Clarivate helps clients transform operations and uncover the maximum potential of IP."

Learn more about  Excellence in IP Operations.

Methodology
Clarivate launched its inaugural IP Operations Insight Survey, providing benchmarks to shape and support the future of IP practices. 184 IP professionals from corporations and law firms, present in 50 countries, responded to the online survey between May 1 and July 12, 2024.

Of those who responded, 63% worked at corporations, with the largest sectors being Manufacturing (14%) and Pharma/Biotechnology/Healthcare (9%). The remaining 37% worked within law firms or legal services.

Geographically, respondents were primarily located in the United States (31%), Germany (8%) and the United Kingdom (6%), with the remaining spread across 47 other countries within Africa, Asia, Europe, Oceania, and the Americas.

Survey recipients were asked to answer 22 questions designed to measure effectiveness in IP operations, which were used to establish baseline benchmarks for measuring IP operational excellence.

These questions measured critical aspects, including:

  • Key performance indicators (KPIs) and strategy
  • Staffing and resource allocation
  • Training and process management
  • Technology and artificial intelligence.

About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.

Media Contact:
Jack Wan, Director, External Communications
newsroom@clarivate.com

 

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SOURCE Clarivate Plc

FAQ

What are the key findings of Clarivate's Excellence in IP Operations report?

The report highlights the importance of aligning KPIs with business goals, effective process management, closing the AI adoption gap, and leveraging technology for efficiency in IP operations. It also found that 65% of corporate respondents with clear KPIs reported alignment between IP and business strategies.

How many IP professionals participated in Clarivate's IP Operations Insight Survey?

184 IP professionals from corporations and law firms, present in 50 countries, responded to the online survey between May 1 and July 12, 2024.

What percentage of survey respondents who spent over half their time on unrelated tasks were not using AI in their IP department?

83% of respondents who spent over half their time on tasks unrelated to their primary role were not currently using AI in their IP department.

How does technology satisfaction correlate with task efficiency according to the Clarivate (CLVT) report?

The report found that 64% of respondents who reported very low satisfaction with their technology setup spent more than 50% of their time on tasks outside their primary role, while those satisfied with their technology spent significantly less time on unrelated tasks.

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