Practice Insight launches Filing Analytics for Big Data analysis

Munich, 17 May 2016 – There are tools available for various business areas to generate and analyze large volumes of data, but intellectual property professionals have so far not had access to such a tool to analyze the global patent market. Filing Analytics from the Australian Big Data specialist Practice Insight offers patent professionals a comprehensive, transparent insight into the global patent business. Filing Analytics is available now at www.practiceinsight.io.

Tools for generating and analyzing large quantities of data help companies to extract value from the data and use the insight for faster and fact-based decision making. Filing Analytics from Practice Insight is a suite of software and data analysis tools for intellectual property professionals in companies and law firms. It gives a transparent picture of the international patent market. The tool provides an overview of reciprocity in all relevant jurisdictions, patent firms’ client lists to help detect possible conflicts of interest, and insight into the patent strategies of these clients.

Filing Analytics accesses more than twenty national and international patent filing databases. The software searches and analyzes the data and produces a report for intellectual property professionals in a matter of minutes. The report can be refined using specific criteria, such as country, time period or law firm, so that the user has access to the information he needs for his day-to-day work. Practice Insight offers three versions of Filing Analytics with varying functions: Filing Analytics Standard, Filing Analytics Pro and Filing Analytics OnDemand. Filing Analytics Standard offers unlimited reports, including cross linkage between data. Filing Analytics Pro combines the functionality of Filing Analytics Standard with the unique “Licensing Alerts” service, which notifies intellectual property specialists of the most recent patents granted that are relevant to their clients, to enable prompt notification of time-sensitive opposition windows, and to alert their clients of potential licensing opportunities with respect to their existing patent portfolios. With Filing Analytics OnDemand, the user can request a comprehensive report on the patent activities of one law firm of their choice.

About Practice Insight
Practice Insight has been at the forefront of Big Data analysis since its foundation by Thomas Haines, Patent Attorney and software engineer, in Australia in 2010. Practice Insight´s powerful products provide transparency by allowing analysis of big data in a way that has never been possible before. With Filing Analytics corporates and patent firms can extract the data they need in just a few seconds. The reports come in user friendly formats and can be used as they are to make decisions with increased efficiency as well as significant time and cost savings. WiseTime creates unique data sets by capturing accurately the user`s time when working on the PC. This data can be integrated into existing IP-Management, in-house HR- or billing systems to be analyzed further.
Since the foundation, the Practice Insight team has grown significantly, but the company philosophy of building software that makes people’s lives easier has remained as the central pillar of all their engineering efforts. Practice Insight is headquartered in Subiaco, Australia. The European office is located in Munich and led by Wolfgang Danner. For further information please see www.practiceinsight.io.

Practice Insight
Siegfriedstr. 8
80803 Munich
Pirjo Niemi
Global Head of Marketing
Phone: +49 (0)89 8905788-14
Email: pirjo.niemi@practiceinsight.io

This release was published on openPR.