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Claims for algorithms.

Research group Gartner also predicts that by 2019, 250,000 patent applications will be filed that Include claims for algorithms, a tenfold increase from five years ago.

Algorithm patents can be granted in the US, the EU and many other countries. Not all algorithms can be patented, but many can, even if the rules of application are not always straightforward.

According to a worldwide search on Aulive, nearly 17,000 patents applied for in 2015 mentioned "algorithm" in the title or description, versus 570 In 2000. Including those mentioning "algorithm" anywhere In the document, there were more than 100,000 applications last year versus 28,000 five years ago.

Gartner says at this pace, and considering the rising interest in protecting algorithmic IP, by 2020 there could be nearly half a million patent applications mentioning "algorithm," and more than 25,000 patent applications for algorithms themselves.

Of the top 40 organisations patenting the most algorithms the past five years, 33 are Chinese businesses and universities. The only western company in the top 10 is IBM at No. 10.

"Despite their growing Importance, too many great algorithms In enterprise are still left In the shadows. Many business leaders don't care too much so long as they 'work,'" said Douglas Laney, vice president and analyst at Gartner. "But algorithms can make a great deal of difference. The list of Important algorithms Is endless. To name just a few: Google's PageRank algorithm, mp3, blockchain and backpropagation in deep learning."

Gartner recommends that data and analytics leaders work with business leaders and experts to adopt and develop methodologies for valuatlng algorithms and assessing which ones should be patented.

See www.gartner.com

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Title Annotation:INBOX
Publication:NZ Business
Date:Apr 1, 2017
Words:278
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