IP Strategy in the Age of Big Data

Joren De Wachter, IP Strategist, Integrating Technology, IP & business models, Belgium

Joren de Wachter invites In-House Counsel to re-model their IP strategy based on the inevitable growth of “Big Data”. He argues that businesses which allow free access to data are more likely to succeed than those restricting access. His IP analysis includes trade secrets, patents and algorithms. “Big Data” is the revolution happening around us in the creation, collection, communication and use of digital data. In the last couple of years, humanity’s capacity to create data, to communicate and to process them, has increased manifold. According to IBM, we produced 2.5 Exabyte (that’s 2,500,000,000,000,000,000 or 2.5x1018 bytes) of data every day in 2012 . But the total amount of data, already beyond easy intuitive grasp, is not the key characteristic of Big Data. Its key characteristic is the continued exponential growth of those data. While 90% of all data in existence today was created in the last two years (which means that, in less than 18 months, we create more data than has been created since the beginning of humanity, roughly 150,000 years ago), the most important point is this: those 90% created in the last two years, that what we consider to be enormous amounts of data today, will be dwarfed into complete insignificance in a couple of years’ time .

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Belgium Intellectual Property General January 2014 Vol. 7, No. 26, Winter 2014

Joren De Wachter

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Joren De Wachter is an independent IP strategist, who advises businesses and investors on how to generate more value from their Intellectual Capital. He focuses on software and IT, Internet, content and new media. As one of the first independent actors in the field of IP strategy, he helps investors and businesses understand what their IP is, and how they can use it better in their business. He defines IP as “a tool to bring innovation to market, and to scale it to new markets”. Qualified as a lawyer in civil and common law jurisdictions, he has extensive experience in international software businesses. Joren speaks fluent Dutch, English and French. He recently published his first book “The Wealth of Ideas”, gave a very well received presentation at TEDx Leuven called “Is IP a thought crime?”. He is an expert in business models around 3D printing. http://jorendewachter.com http://be.linkedin.com/in/jorendewachter

Integrating Technology, IP & business models

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Belgium Intellectual Property General January 2014 Vol. 7, No. 26, Winter 2014