50% Of Tech Patents Filed By Indian Firms In US Are Related To AI, IoT, Cloud &#038; Security
NASSCOM and the chamber of commerce of IT-BPM industries released a report this month stating that in the 4 years — from 2015 to 2018 — Indian companies filed over 4,600 patents in the US, the majority of which (64.8%) are technology patents. In a report titled Emerging Technologies: Leading the next wave of IP Creation for India, the share of tech patents in total patents filed in the US increased to two-thirds in 2017-18 from 50% in 2015. Of the technology patents, the share of emerging technologies has increased consistently to 56.3% in the 2017-18 period from 38.3% in 2015. Notably, 40% of the tech patents filed by Indian firms have been granted, said the report. AI leads the emerging technologies patent race both in terms of a total number of patents. From 2015 to 2018, Indian firms filed the following number of patents: 330 AI patents 193 cybersecurity patents 107 IoT patents 88 cloud computing patents Under AI, machine learning was the leading sub-domain in AI with over 70% share. NASSCOM President Debjani Ghosh said the report is the first in a series to understand how Indian technology companies are creating IP assets in its largest market. She said in a statement, “As a country, India can further strengthen its potential as an innovation hub through more investments in research and strategic collaborations. We are confident that we will usher in a new wave of innovation and intelligence in the country.
NASSCOM and the chamber of commerce of IT-BPM industries released a report this month stating that in the 4 years — from 2015 to 2018 — Indian companies filed over 4,600 patents in the US, the majority of which (64.8%) are technology patents. In a report titled Emerging Technologies: Leading the next wave of IP […]
Notably, according to the report, 40% of the tech patents filed by Indian firms in the US have been granted.
["AI Research", "NASSCOM", "patents"]
["patents", "machine learning", "programming_languages:R", "AI", "cloud computing", "innovation", "AI Research", "NASSCOM", "R"]
["AI", "machine learning", "cloud computing", "R", "innovation", "programming_languages:R"]
Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.