Original scientific paper

https://doi.org/10.17559/TV-20171123182106

Determining the Life Cycle Phase of a Technology Based on Patent Data

Vladimir Smojver ; University of Zagreb, Faculty of Mechanical Engineering and Naval Architecture, Ivana Lučića 5, 10000 Zagreb, Croatia
Mario Štorga ; University of Zagreb, Faculty of Mechanical Engineering and Naval Architecture, Ivana Lučića 5, 10000 Zagreb, Croatia
Eva Potočki ; University of Zagreb, Faculty of Mechanical Engineering and Naval Architecture, Ivana Lučića 5, 10000 Zagreb, Croatia

Abstract

Developing new technologies is one of the most important goals of today’s scientific and industrial research. Understanding how technology evolves, as well as its current state, is invaluable in an ecosystem where technology is evolving at an increasingly rapid pace. In this paper, patent data is used to determine a technology’s life cycle. Two patent maps are created, one based on patent citations and one based on keywords. The citation patent map visualizes how patents cite each other, while the keyword patent maps visualize keywords used to describe patents and their relations. Both of these patent maps are dynamic, meaning they change over time thus giving insight into an examined technology’s evolution. A growth analysis of both networks is conducted as well as a degree distribution analysis. Both of these analyses are used to help determine the technology’s lifecycle phase as well as its patterns of growth. This insight is invaluable to stakeholders tasked to make strategic decisions related to technology development.

Keywords

Life Cycle Analysis; patent analysis; tech mining; technology evolution

Hrčak ID:

217147

URI

https://hrcak.srce.hr/217147

Publication date:

16.2.2019.

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