Monday, July 4, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

Patent Guidelines- Impact on IT Firms and Automotive Industry

Srikanth by Srikanth
May 10, 2022
in Tech news
Reading Time: 3 mins read
Patent Guidelines- Impact on IT Firms and Automotive Industry
10
SHARES
140
VIEWS
Share on FacebookShare on Twitter

Like a wildfire, Intellectual Property (IP) has touched every aspect of mankind’s dependencies, necessities, dreams, desires and luxuries. IP has raised the bar for innovation and research. Every now and then we hear a buzz of companies for dragging one another in IP lawsuits.

Not just patents but other aspects of IP like trademarks, trade secrets, copyrights etc. could turn things around, and for a smooth sailing of a technology organization, a strong IP is like Captain America’s shield.

Patent Guidelines- Impact on IT Firms and Automotive Industry 1
 Mr Amit Aggarwal is the Co-Founder and Director of Effectual Services

Passing decades, we witness the use of IP in full swing by companies, bubbling novel ideas cornering the market and many brands go down the drain because the vision of these so called brands doesn’t have IP in the driver’s seat. In a nutshell, it is out in the open that IP should be the center of gravity for keeping any technology organization ahead of the pack – more so for companies operating in industries like Automobile and IT(Information Technology).

Big picture shows us a cut throat competition in every domain, and tech experts will nod along the fact that nowadays IT is like the air we breathe, there’s neither any escape nor any existential ease without it. When such a vast and versatile domain is acquainted with the bells and whistles of IP, the outcomes swing both ways – it can tie the hands of innovation, or be a fertile lush green meadow for it.

For this to go in heaven’s favor we need to identify roadmap identifying the trends and scope in the industry that could serve as guidelines. Guidelines for patents may vary in different geographies in light of some aspects but the objective remains same. Controller General of Patents, Designs and Trademarks (CGPDTM) in India has done several amendments and has fast tracked the IP proceedings to encourage inventors, entrepreneurs and organizations to file patents.

According to our research, during the last decade top 10 ornate IT firms dealing with software services in India like TCS, Wipro, Infosys contributed approximately 22,433 patents. With digitalization modern technologies growing off the ground, Industries involving computer and peripheral equipment,communication equipment and general purpose machineries catered a tsunami of patent filings in India.

Dilemma is that we don’t see much dealingin manufacturing industry for the required infrastructure. Here lies the pain of Indian economy where the struggle is that India is identified as a market by MNCs but not as a manufacturer.

Patent Guidelines- Impact on IT Firms and Automotive Industry 2

 While manufacturing is on the table, India is ranked the second fastest growing country with regards to automotive vehicle manufacturing. Research says India produced around 5 million automotive vehicles in 2018 making it the 4th largest automotive manufacturer in the world.

Having said that,trends show that there 42,408 patents were filed by the sector in the last decadeby companies like Honda, Robert Bosch, TVS, Suzuki etc. Trends suggest the major contribution in patent zone involves domains of Transport of motor vehicles and the least protected industry is the industry dealing with mechanical elements, pumps, turbines etc. for automotive industries.

Patent Guidelines- Impact on IT Firms and Automotive Industry 3

IT firms and automotive industry in India need to take this bull by horns, and skillfully address the areas for research, and develop a roadmap based on strong analytics to develop commercially valuable IP. With the blowing air of technologies like 5G, IOT, vehicle to vehicle communications etc. – tree of IP is budded with possibilities and whoever blossoms first will be recognized as the fragrance of innovation.

Article contributed by Mr Amit Aggarwal is the Co-Founder and Director of Effectual Services – Advisory firm that offers IP support solutions to Fortune 500 companies

Tags: Autonomous vehiclesIT industryPatent
Share4Tweet3Share1Pin1

Related Posts

Telemedicine Business
Tech news

Telemedicine or e-medicine: What is it?

Ways Data Analysis has changed customer reward programs
Tech news

Ways Data Analysis has changed customer reward programs

Digital Learning face recognition
Tech news

Here’s why Deep Learning might not be enough for celebrity face recognition

VPS Helps Forex Trading
Tech news

Staying Safe When Trading on a Trading App

Mozilla launches Thinderbird for android
Tech news

Mozilla launches Thinderbird for android

Most Read

  • How to Track Someone’s iPhone by Phone Number?

    How to Track Someone’s iPhone by Phone Number?

    503 shares
    Share 201 Tweet 126
  • Top 5 car automation trends to know

    274 shares
    Share 110 Tweet 69
  • Is Parody Coin investment a Good Investment?

    101 shares
    Share 40 Tweet 25
  • What is windows modules installer ? How to Enable/Disable

    1246 shares
    Share 498 Tweet 312
  • Tips to Reduce Your Website Hosting Costs

    883 shares
    Share 353 Tweet 221
  • How to Track Activities an Instagram account?

    88 shares
    Share 35 Tweet 22

Recent Stories

Doing Cleanup: 5 Types of Links You Should Disavow

Backlinks
Share4Tweet3Share1Pin1

Hyperlocal marketplace Urvann raises Rs. 3 Cr in Seed Round led by IPV

Hyperlocal marketplace Urvann raises Rs. 3 Cr in Seed Round led by IPV
Share5Tweet3Share1Pin2

Does domain extensions impact SEO standards

Does domain extension impact SEO standards
Share5Tweet3Share1Pin2

How Enterprise Blockchain can enable Privacy Preservation

How Enterprise Blockchain can enable Privacy Preservation
Share5Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT