Orbit’s Portfolio Pruning is very fast and straight forward. Once you have inserted your patent portfolio, the system will immediately calculate the following 6 key metrics : Portfolio age, family size, forward citations, citations/year, self-citations, and originality indexes. OECD vetted most of such metrics in a 2013 publication.
Each measure can be weighted according to your preferred choice and immediately reflected on the visual segmentation made for you by the tool.
The maximum and the minimum values of each metric are based on the specifics from your activity. You can fine tune the grouping of your portfolio by modifying individual metric value Your patent portfolio is then presented in a pie chart showing the proportion of :
Most likely to abandon:
The first category to be inspected in a pruning review. The majority of these patent families should be good candidates for abandonment.
Likely to abandon:
The second category to be inspected in a pruning review.
Possible to abandon:
The last category to be inspected. Only a few of these patents are likely to be abandoned in each review.
Unlikely pruning candidates:
The families in this category should not generally be considered for abandonment because they have at least one strong feature.
The families in this category can’t be in the others (due to restriction of age, family size, citations etc…). Those are usually fairly young patents with little information about them. They should usually be reviewed quite carefully before being added to the list of pruning candidates.
Select pruning candidates:
Once the segmentation cursors and measures have been adjusted to your specifications and preferences, a quick and easy Excel export option allows to work further with such lists.