Patent analysis revolutionizes technology forecasting for diverse industries.
Patent analysis can help predict future technology, but it may not work for all industries. This study looks at which industries patent analysis is useful for. They studied how different industries use patents and found that analyzing patent trends can help forecast technology advancements accurately. By comparing when companies invest in research and when they apply for patents, they can improve technology forecasting. This research suggests that patent analysis can be a valuable tool for predicting technology developments in specific industries.