The Future of Intellectual Property
The development of Artificial Intelligence (AI), Digitalization and Automation, namely the advanced data-driven digital technology will obviously positively affect the IP practices in the future, and it will be the propellent force of the digital economy. By adopting the advanced digital technologies including AI, new fruitful services will be developed through the manipulation of data by assessing the value of the intellectual property rights with the aid of algorithms minimizing the costs for IPR owners. Concurrently, the implementation of AI necessitates the access of greater quantities of data in the presence of many complex policies of making the data available in the digital economy, let alone that the systems will became more complicated and creative in view of placing machine-created inventions in IP.
However, the strong business will support this digital transformation by focusing on cost and innovation. In addition, the quick and proper selection of cloud provider with the adoption of the IT tools to shift data to the cloud, and the early digital transformation management developing new capabilities, all will have the positive effect of AI, Digitalization and Automation. In conclusion, IP-interested parties must ensure that the people working in the field are able to realize the benefits and improvements of such digitalization and automation world under the new working style with the best preparation and implementation in order to face the AI and automation. Now is the time to pause thinking which skills, competencies, capabilities, and tools are needed for the future. Only when reaching the positive disposition and way of thinking among all interested parties involved, a successful new digital way of working can be achieved.
Written by Shadya Awad “IP specialist “
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