More than 30 parameters used to benchmark each patent family…
Metrics For Patent Family Quality
The 360° score is a custom weighted average of all the 4 contributing scores i.e. Citation score (CQ), Market Quality (MQ), Legal score (LQ) and Document score (DQ). Citation and Market Quality Contribute maximum weight to the final score followed by Legal and then Document.
CQ Score indicates the impact of the patent in its technology space. The probability of a record with a higher citation score being used in company’s offensive strategy or for monetization is higher. The number, recency and type of forward citations, generality rating, originality rating are some of the parameters considered in citation quality.
The MQ score is based on the global market coverage where the patent family is active and so is indicative of the overall market value of the patent. All granted and pending applications that are active and not abandoned are considered in this score. A higher MQ indicates that the invention is well covered and protected across different geographies and so is deemed to be more valuable.
Legal Quality (LQ)
The LQ score indicate the aggressiveness and investments of the company to protect the invention and is also a measure of its perceived threat to the competition. A Family that no longer has any alive members will receive a score of 0. Some of the other factors included in this score are remaining life, oppositions, litigations, re-examinations and NPE ownership.
Doccument (Intrinsic) Quality (DQ)
DQ Score is the intrinsic quality indicator of the patent and is based on its technical and structural content. A likelihood of a patent with higher DQ indicates innovation quotient and the capabilities of the company to innovate. Science Linkage, Technological scope, Claim length, Standard Declarations are some of the parameters included in this metric.