Benefits of patent data
Highly objective data in technology world
Patent data, along with papers, is the most objective data in the world of technology. In particular, while papers are mostly utilized in academia, companies apply for patents much more than papers. Therefore, patent data is much more valuable to the HR/recruiting business for a company's technology workforce.
Patent data is also much richer in events data, such as transactions/litigations/trials, and differentiating meta-data, such as an organization's investments in patent families, rejecting subsequent patents, etc. that papers lack. Note that both patents and papers have citation-forward citations data.
Patents play an important role in making decisions based on objective data, and are an important tool in the decision-making process to persuade others that you are right.
Effective verification tools to overcome LinkedIn's shortcomings
Aside from peer-to-peer reviews and recommendations, technology people don't have any objective verification tools, especially since LinkedIn is self-generated, which makes it less objective. There is also no objective system of comparison, which makes patent data an objective and effective verification tool.
Efficient screening methods
In the forest of technology, there is nothing like patents for screening or identifying and validating technology talent for HR/Recruiting business at a lower price and without others knowing about it. Because patents are based on R&D, they have the inherent advantage of having temporal precedence over product/marketing data.
Quick setting of technology talents for a new business
Advance recognition of technical talents related to emerging/early/small/rising technologies is important. New businesses of clients' companies are often related to emerging/early/small/rapidly growing technology areas. By utilizing patent data, we can quickly set up the optimal technical personnel needed for clients' new businesses.
An effective source of screening for technical talent related to emerging technologies
Fourth, for emerging technologies, nascent technologies or small technologies or rising technologies, there are few good sources of information except patents. The technologies that are introduced in the news or broadcast tend to be big technologies that readers have heard of. In particular, most of the technology people mentioned in these media are global top researchers, so there is little information on technology people that can be utilized for HR/recruiting business. It is difficult to obtain reliable technical workforce data from news, blogs, social media, etc. for rising and early technologies and small technologies. Global patent big data, which is a technology collective intelligence, is effective in discovering technical personnel related to emerging, early, small, and rising technologies.
Existence of relationship data
There are various relationships in patents, such as 'citation-forward citation' relationships and patent rejection relationships. A technology talent's patent portfolio may be heavily cited by a market leader or competitor's recent patents, or act as a preceding patent for the rejection of their recent patents. In this case, the technology talent is often unaware of this. And if you acquire them, they are likely to develop good technology that can impact the market leader or competitor.