{"id":212580,"date":"2024-10-01T13:00:00","date_gmt":"2024-10-01T13:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=3082384"},"modified":"2024-10-01T13:00:00","modified_gmt":"2024-10-01T13:00:00","slug":"lexisnexis-intellectual-property-solutions-launches-ai-powered-lexisnexis-techdiscovery-tool-to-make-patent-discovery-quick-and-intuitive-for-all","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2024\/10\/01\/lexisnexis-intellectual-property-solutions-launches-ai-powered-lexisnexis-techdiscovery-tool-to-make-patent-discovery-quick-and-intuitive-for-all\/","title":{"rendered":"LexisNexis\u00ae Intellectual Property Solutions Launches AI-Powered LexisNexis\u00ae TechDiscovery Tool to Make Patent Discovery Quick and Intuitive for All"},"content":{"rendered":"

A New Component of the LexisNexis®<\/sup> PatentSight+™<\/sup> Platform, LexisNexis®<\/sup> TechDiscovery Enables Comprehensive Patent Searches Using Simple Words and Phrases<\/em><\/p>\n

NEW YORK, October 1, 2024 <\/strong>\u2013 LexisNexis®<\/sup> Legal & Professional today introduced LexisNexis®<\/sup> TechDiscovery, an AI-powered tool designed to simplify patent research. As a new module to the LexisNexis®<\/sup> PatentSight+™<\/sup> platform, LexisNexis TechDiscovery makes patent searches fast and intuitive, allowing both IP experts and business partners to find relevant patents using simple inputs. Users can conduct searches based on single words, brief descriptions, or excerpts from patents, articles, or non-patent literature\u2014as well as reference patent numbers.<\/p>\n

\u201cLexisNexis TechDiscovery makes one of the world\u2019s most comprehensive patent datasets accessible to everyone,\u201d said Andrew Matuch, President for LexisNexis®<\/sup> Intellectual Property Solutions. \u201cUsing LexisNexis TechDiscovery, IP teams can deliver insights faster and more efficiently to support their internal stakeholders, while business partners across other functions like engineering, R&D, and business development can run quick searches to evaluate inventions, explore licensing opportunities, or assess M&A prospects\u2014without the need to immediately involve their IP departments.\u201d<\/p>\n

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LexisNexis TechDiscovery uses Generative AI (GenAI) <\/strong>to expand simple search queries, then Extractive AI <\/strong>compares over 200 data points, based on a unique \u201cfingerprint\u201d for each patent. Supported by machine learning algorithms that have been tested by over 100 global companies and constantly improved for more than a decade, LexisNexis TechDiscovery refines its directional results within seconds to surface the most relevant patents. Users can further improve results by marking patent families as relevant or irrelevant, gaining detailed insights into a technology field in under three minutes.<\/p>\n

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\u201cThe combination of AI and proven technology enhances both the accuracy and efficiency of patent research,\u201d added Matuch. \u201cLexisNexis TechDiscovery is just the beginning. We\u2019re committed to expanding AI capabilities within PatentSight+™<\/sup>, enabling even faster insights and providing more intuitive tools to help our customers innovate effectively.”<\/p>\n

LexisNexis TechDiscovery is designed to make patent research easier and faster across the organization:<\/p>\n