Significance of Patents
A few examples that validate the strategic importance of patent information:
Worldwide companies are increasingly pursuing patent protection of their innovations, and are looking at building large patent portfolios. For example, in the five-year period, 1997-2001, the USPTO granted almost half a million patents. Over 700 companies/institutions were granted over 100 patents or more in these five years. The number of patents filed by these organizations is much more. These numbers clearly indicate that there is a great deal of patenting activity in companies across the world.