Application of Patent Analysis in Technology Management: A Scoping Review

Abstract

Effective management of technology has become the engine for development. However, the fuzzy nature of technology development and management renders decision-makers dependent on credible information for technology-related decisions. A patent, a techno-legal document granted by the government to inventors to protect their inventions from imitation, proves to be a rich source of information. Various analytical tools can be employed on patent data to gain insights about managing technology strategically. The article conducts a scoping review to assess the application of patent analysis in technology management. This article replenishes the absence of a comprehensive review, revealing the application of patent analysis in technology management. Also, this review provides a panoramic view of how the researchers have employed various tools and techniques on patent data to harness its immense potential to aid in technology-related decision-making.