The algorithms that automation and machine learning create are changing the world. Many of the technologies that incorporate machine learning are revolutionizing industries, and with this innovation comes the need for companies to protect their inventions. In a competitive space like this, where startups continue to enter the market, leaving your organization vulnerable to legal action can be dangerous.
An annual patent survey released by IFI Claims Patent Services found that machine-learning patent applications are among the fastest growing categories at the USPTO. Larry Cady, a senior analyst with IFI, estimates the patent category that includes machine learning and neural networks has grown at a 34% annual rate over the last five years. This means that if your company doesn’t patent its technology quickly, a competitor likely will.