STN® Presents Information Advantage on Global Innovation and Strategy
Beijing, China (September 24, 2012) - Chemical Abstracts Service (CAS), the world’s authority for chemical information, participated in the Patent Information Annual Conference of China (PIAC) on September 11-12, 2012. Mr. Craig Stephens, Vice-President of Sales of CAS, Dr. Qiong Yuan, Manager of CAS China and the CAS professional team participated, along with Dr. Rainer Stuike-Prill, Vice-President of Marketing & Sales at FIZ Karlsruhe. With the conference theme, "Patent information boosts transforming and upgrading of industries," CAS held a thematic workshop to share insights on how STN impacts global innovation and strategy.
As the impact of intellectual property rights on global business environment increases, the ability to effectively gather and integrate intellectual property information has now become an important key differentiator. Emerging countries like China represented significant change in emphasis on intellectual property. Invention patent filings in China have increased drastically by 126% between 2005 and 2010, while foreign patent filings of Chinese corporations have also grown 25% in the past 5 years. In order to accelerate innovation, more Chinese enterprises have begun comprehensive use of intellectual property information in their business decisions. “The PIAC serves as a perfect platform for CAS to join hands with industry leaders, R&D, information, and intellectual professionals in working towards global innovation and strategy that can transform and upgrade industries in today’s globalized economy,” remarked Mr. Craig Stephens.
CAS’s patent data suggested that effective and innovative use of intellectual property information in various stages can help maximize return on investment (ROI). For this reason, high quality retrieval analysis tools are critical to making business decision. As the world’s leading integrated scientific information product, STN provides an information advantage by delivering high-quality patents, non-patents, chemical and regulatory information. It is also the only platform providing access to the CAplus, Derwent World Patents Index® (DWPISM), and INPADOC databases. The unique, high quality and powerful search capabilities can drive key business decisions and create strategic advantages in each phase of innovation process, from project conception to development as well as protection to the implementation stage. After the one-hour seminar, participants unanimously agreed that STN not only can help to collect critical business data and information, it can also analyze future opportunities. STN’s precise and effective analysis of data in the development stage can assist companies to optimize the entire process, thereby increasing the efficiency of the development. More importantly, during the post-patent protection phase, STN can provide users with information of existing technology, which can help companies to protect and maximize the value of intellectual property.
Dr. Elke Mueller from FIZ Karlsruhe–Leibniz Institute for Information Infrastructure, which developed and operates STN in cooperation with CAS, made an excellent presentation to further explain the advantages of STN at PIAC. Founded in 1977, FIZ Karlsruhe is a pioneer in German and European scientific and information management. Working together for 20 years, CAS and FIZ Karlsruhe have made STN the world’s leading online platform which covers all fields of technology, graphics and full-text (which also includes patents and selected files), providing the most professional services to users worldwide.
With globalization and escalating competition, the Chinese government and enterprises have to increase protection for intellectual property rights, strengthen independent innovation in order to achieve a comprehensive upgrade of the industry and market. Mr. Craig Stephens, CAS Vice President of Sales said, "CAS will continue to leverage our experience and technology advantages in patent information, to create the most complete and interactive environment for research and innovation. At the same time, to promote restructuring and upgrading of industries, we will cooperate closely and share the state-of-the-art technology and valuable experience with the Chinese government, research institutes, academic institutions, and enterprises.”