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Discovering new technology opportunities based on patents: Text-mining and F-term analysis

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  • Song, Kisik
  • Kim, Karp Soo
  • Lee, Sungjoo

Abstract

Discovering new technology opportunities has long been a significant issue in both practice and academia. Among various approaches to search for opportunities, one of the most frequently used is to identify emerging or vacant technologies from patent documents. In line with it, this study aims to suggest a novel approach for the development of new technology ideas based on the F-term, which classifies patent documents according to the technical attributes of the inventions described within them. Since the technical attributes are analyzed according to various perspectives through the application of the F-term, which generates detailed and systematic information about technologies, the F-term can provide effective guidelines for generating new technology ideas, if utilized well.

Suggested Citation

  • Song, Kisik & Kim, Karp Soo & Lee, Sungjoo, 2017. "Discovering new technology opportunities based on patents: Text-mining and F-term analysis," Technovation, Elsevier, vol. 60, pages 1-14.
    • Handle: RePEc:eee:techno:v:60-61:y:2017:i::p:1-14
    DOI: 10.1016/j.technovation.2017.03.001
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    References listed on IDEAS

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    2. Lijie Feng & Yuxiang Niu & Zhenfeng Liu & Jinfeng Wang & Ke Zhang, 2019. "Discovering Technology Opportunity by Keyword-Based Patent Analysis: A Hybrid Approach of Morphology Analysis and USIT," Sustainability, MDPI, vol. 12(1), pages 1-35, December.
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    5. Lee, Jiho & Ko, Namuk & Yoon, Janghyeok & Son, Changho, 2021. "An approach for discovering firm-specific technology opportunities: Application of link prediction to F-term networks," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
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    7. Jumi Hwang & Kyung Hee Kim & Jong Gyu Hwang & Sungchan Jun & Jiwon Yu & Chulung Lee, 2020. "Technological Opportunity Analysis: Assistive Technology for Blind and Visually Impaired People," Sustainability, MDPI, vol. 12(20), pages 1-17, October.
    8. Chi-Yo Huang & Liang-Chieh Wang & Ying-Ting Kuo & Wei-Ti Huang, 2021. "A Novel Analytic Framework of Technology Mining Using the Main Path Analysis and the Decision-Making Trial and Evaluation Laboratory-Based Analytic Network Process," Mathematics, MDPI, vol. 9(19), pages 1-24, October.
    9. Wang, Xuefeng & Zhang, Shuo & Liu, Yuqin & Du, Jian & Huang, Heng, 2021. "How pharmaceutical innovation evolves: The path from science to technological development to marketable drugs," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    10. Block, Carolin & Wustmans, Michael & Laibach, Natalie & Bröring, Stefanie, 2021. "Semantic bridging of patents and scientific publications – The case of an emerging sustainability-oriented technology," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
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    13. Percia David, Dimitri & Maréchal, Loïc & Lacube, William & Gillard, Sébastien & Tsesmelis, Michael & Maillart, Thomas & Mermoud, Alain, 2023. "Measuring security development in information technologies: A scientometric framework using arXiv e-prints," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    14. Ren, Haiying & Zhao, Yuhui, 2021. "Technology opportunity discovery based on constructing, evaluating, and searching knowledge networks," Technovation, Elsevier, vol. 101(C).
    15. Lijie Feng & Yilang Li & Zhenfeng Liu & Jinfeng Wang, 2020. "Idea Generation and New Direction for Exploitation Technologies of Coal-Seam Gas through Recombinative Innovation and Patent Analysis," IJERPH, MDPI, vol. 17(8), pages 1-21, April.
    16. Seunghyun Oh & Jaewoong Choi & Namuk Ko & Janghyeok Yoon, 2020. "Predicting product development directions for new product planning using patent classification-based link prediction," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(3), pages 1833-1876, December.
    17. Tadeusz A. Grzeszczyk & Michal K. Grzeszczyk, 2021. "Improving the Discovery of Technological Opportunities Using Patent Classification Based on Explainable Neural Networks," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 402-409.
    18. Daiho Uhm & Jea-Bok Ryu & Sunghae Jun, 2017. "An Interval Estimation Method of Patent Keyword Data for Sustainable Technology Forecasting," Sustainability, MDPI, vol. 9(11), pages 1-19, November.
    19. Wu, Yingwen & Ji, Yangjian, 2023. "Identifying firm-specific technology opportunities from the perspective of competitors by using association rule mining," Journal of Informetrics, Elsevier, vol. 17(2).
    20. Hei Chia Wang & Yung Chang Chi & Ping Lun Hsin, 2018. "Constructing Patent Maps Using Text Mining to Sustainably Detect Potential Technological Opportunities," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    21. Jinzhu Zhang & Wenqian Yu, 2020. "Early detection of technology opportunity based on analogy design and phrase semantic representation," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(1), pages 551-576, October.
    22. Han, Xiaotong & Zhu, Donghua & Lei, Ming & Daim, Tugrul, 2021. "R&D trend analysis based on patent mining: An integrated use of patent applications and invalidation data," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    23. Pantano, Eleonora & Priporas, Constantinos-Vasilios & Stylos, Nikolaos, 2018. "Knowledge Push Curve (KPC) in retailing: Evidence from patented innovations analysis affecting retailers' competitiveness," Journal of Retailing and Consumer Services, Elsevier, vol. 44(C), pages 150-160.
    24. Yun, Siyeong & Song, Kisik & Kim, Chulhyun & Lee, Sungjoo, 2021. "From stones to jewellery: Investigating technology opportunities from expired patents," Technovation, Elsevier, vol. 103(C).
    25. Andrzej M. J. Skulimowski & Thomas Köhler, 2023. "A future‐oriented approach to the selection of artificial intelligence technologies for knowledge platforms," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 74(8), pages 905-922, August.

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