IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v118y2017icp170-183.html
   My bibliography  Save this article

Application technology opportunity discovery from technology portfolios: Use of patent classification and collaborative filtering

Author

Listed:
  • Park, Youngjin
  • Yoon, Janghyeok

Abstract

Technology opportunity discovery (TOD), customized to a firm's current technology capability, can be a good starting point to formulate a technology strategy for a firm that lacks technology information, experts, and/or facilities. Although patent-based studies have suggested systematic methods for customized TOD, these methods have limitations such as insufficient consideration of a target firm's technology portfolio and difficulty of method reproducibility due to expert intervention-based text mining. Therefore, this paper proposes an approach to determine application technology opportunities customized to a target firm by applying collaborative filtering to firms' technology portfolios, which are represented as a set of patent classification codes of the firm's patents. The proposed method involves 1) structuring technology portfolios as firm-international patent classification (IPC) distribution vectors using main group-level IPC codes of the applicants' patents, 2) recommending main group-level IPCs untapped by the target firm and with high preference scores by using collaborative filtering, and 3) classifying the recommended IPCs for the firm's strategic decision-making support using indexes of heterogeneity, growth rate, and competition level. To show the workings of this approach, we applied it to a high-tech firm with wireless communication technology, building on the analysis of large-scale patents and their applicants. This approach is expected to contribute to the systematic identification of application technology opportunities customized to firms and across various industries, and to become a basis for developing future technology intelligence systems.

Suggested Citation

  • Park, Youngjin & Yoon, Janghyeok, 2017. "Application technology opportunity discovery from technology portfolios: Use of patent classification and collaborative filtering," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 170-183.
    • Handle: RePEc:eee:tefoso:v:118:y:2017:i:c:p:170-183
    DOI: 10.1016/j.techfore.2017.02.018
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162517301981
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2017.02.018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Yongho Lee & So Young Kim & Inseok Song & Yongtae Park & Juneseuk Shin, 2014. "Technology opportunity identification customized to the technological capability of SMEs through two-stage patent analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 100(1), pages 227-244, July.
    2. Fabry, Bernd & Ernst, Holger & Langholz, Jens & Köster, Martin, 2006. "Patent portfolio analysis as a useful tool for identifying R&D and business opportunities--an empirical application in the nutrition and health industry," World Patent Information, Elsevier, vol. 28(3), pages 215-225, September.
    3. Loet Leydesdorff & Duncan Kushnir & Ismael Rafols, 2014. "Interactive overlay maps for US patent (USPTO) data based on International Patent Classification (IPC)," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(3), pages 1583-1599, March.
    4. Janghyeok Yoon & Hyunseok Park & Kwangsoo Kim, 2013. "Identifying technological competition trends for R&D planning using dynamic patent maps: SAO-based content analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 94(1), pages 313-331, January.
    5. Nick Johnstone & Ivan Haščič & David Popp, 2010. "Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(1), pages 133-155, January.
    6. Woondong Yeo & Seonho Kim & Byoung-Youl Coh & Jaewoo Kang, 2013. "A quantitative approach to recommend promising technologies for SME innovation: a case study on knowledge arbitrage from LCD to solar cell," Scientometrics, Springer;Akadémiai Kiadó, vol. 96(2), pages 589-604, August.
    7. Klevorick, Alvin K. & Levin, Richard C. & Nelson, Richard R. & Winter, Sidney G., 1995. "On the sources and significance of interindustry differences in technological opportunities," Research Policy, Elsevier, vol. 24(2), pages 185-205, March.
    8. Ola Olsson, 2005. "Technological Opportunity and Growth," Journal of Economic Growth, Springer, vol. 10(1), pages 31-53, January.
    9. Hyojeong Lim & Yongtae Park, 2010. "Identification of technological knowledge intermediaries," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(3), pages 543-561, September.
    10. Byunghoon Kim & Gianluca Gazzola & Jae-Min Lee & Dohyun Kim & Kanghoe Kim & Myong K. Jeong, 2014. "Inter-cluster connectivity analysis for technology opportunity discovery," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(3), pages 1811-1825, March.
    11. Janghyeok Yoon & Kwangsoo Kim, 2011. "Identifying rapidly evolving technological trends for R&D planning using SAO-based semantic patent networks," Scientometrics, Springer;Akadémiai Kiadó, vol. 88(1), pages 213-228, July.
    12. Kleinknecht, Alfred & Reijnen, Jeroen O. N., 1992. "Why do firms cooperate on R&D? an empirical study," Research Policy, Elsevier, vol. 21(4), pages 347-360, August.
    13. Seo, Wonchul & Yoon, Janghyeok & Park, Hyunseok & Coh, Byoung-youl & Lee, Jae-Min & Kwon, Oh-Jin, 2016. "Product opportunity identification based on internal capabilities using text mining and association rule mining," Technological Forecasting and Social Change, Elsevier, vol. 105(C), pages 94-104.
    14. Yoon, Byungun & Park, Inchae & Coh, Byoung-youl, 2014. "Exploring technological opportunities by linking technology and products: Application of morphology analysis and text mining," Technological Forecasting and Social Change, Elsevier, vol. 86(C), pages 287-303.
    15. Yoon, Janghyeok & Park, Hyunseok & Seo, Wonchul & Lee, Jae-Min & Coh, Byoung-youl & Kim, Jonghwa, 2015. "Technology opportunity discovery (TOD) from existing technologies and products: A function-based TOD framework," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 153-167.
    16. Paul Resnick & Neophytos Iacovou & Mitesh Suchak & Peter Bergstrom & John Riedl, 1994. "GroupLens: An Open Architecture for Collaborative Filtering of Netnews," Working Paper Series 165, MIT Center for Coordination Science.
    17. Jeremy Galbreath & David Charles & Eddie Oczkowski, 2016. "The Drivers of Climate Change Innovations: Evidence from the Australian Wine Industry," Journal of Business Ethics, Springer, vol. 135(2), pages 217-231, May.
    18. Hyunseok Park & Janghyeok Yoon, 2014. "Assessing coreness and intermediarity of technology sectors using patent co-classification analysis: the case of Korean national R&D," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(2), pages 853-890, February.
    19. Ernst, Holger, 2003. "Patent information for strategic technology management," World Patent Information, Elsevier, vol. 25(3), pages 233-242, September.
    20. Song, Bomi & Seol, Hyeonju & Park, Yongtae, 2016. "A patent portfolio-based approach for assessing potential R&D partners: An application of the Shapley value," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 156-165.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jungpyo Lee & So Young Sohn, 2021. "Recommendation system for technology convergence opportunities based on self-supervised representation learning," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 1-25, January.
    2. Ren, Haiying & Zhao, Yuhui, 2021. "Technology opportunity discovery based on constructing, evaluating, and searching knowledge networks," Technovation, Elsevier, vol. 101(C).
    3. Kyuwoong Kim & Kyeongmin Park & Sungjoo Lee, 2019. "Investigating technology opportunities: the use of SAOx analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(1), pages 45-70, January.
    4. Xuan Shi & Lingfei Cai & Hongfang Song, 2019. "Discovering Potential Technology Opportunities for Fuel Cell Vehicle Firms: A Multi-Level Patent Portfolio-Based Approach," Sustainability, MDPI, vol. 11(22), pages 1-22, November.
    5. Lee, MyoungHoon & Kim, Suhyeon & Kim, Hangyeol & Lee, Junghye, 2022. "Technology Opportunity Discovery using Deep Learning-based Text Mining and a Knowledge Graph," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    6. Lee, Jiho & Ko, Namuk & Yoon, Janghyeok & Son, Changho, 2021. "An approach for discovering firm-specific technology opportunities: Application of link prediction to F-term networks," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    7. Xuefeng Wang & Pingping Ma & Ying Huang & Junfang Guo & Donghua Zhu & Alan L. Porter & Zhinan Wang, 2017. "Combining SAO semantic analysis and morphology analysis to identify technology opportunities," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(1), pages 3-24, April.
    8. Seol, Youngjin & Lee, Seunghyun & Kim, Cheolhan & Yoon, Janghyeok & Choi, Jaewoong, 2023. "Towards firm-specific technology opportunities: A rule-based machine learning approach to technology portfolio analysis," Journal of Informetrics, Elsevier, vol. 17(4).
    9. Han, Xiaotong & Zhu, Donghua & Lei, Ming & Daim, Tugrul, 2021. "R&D trend analysis based on patent mining: An integrated use of patent applications and invalidation data," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    10. Song, Kisik & Kim, Karp Soo & Lee, Sungjoo, 2017. "Discovering new technology opportunities based on patents: Text-mining and F-term analysis," Technovation, Elsevier, vol. 60, pages 1-14.
    11. Choi, Jaewoong & Jeong, Byeongki & Yoon, Janghyeok, 2019. "Technology opportunity discovery under the dynamic change of focus technology fields: Application of sequential pattern mining to patent classifications," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    12. Wu, Yingwen & Ji, Yangjian, 2023. "Identifying firm-specific technology opportunities from the perspective of competitors by using association rule mining," Journal of Informetrics, Elsevier, vol. 17(2).
    13. Liu, Zhenfeng & Feng, Jian & Uden, Lorna, 2023. "Technology opportunity analysis using hierarchical semantic networks and dual link prediction," Technovation, Elsevier, vol. 128(C).
    14. Seunghyun Oh & Jaewoong Choi & Namuk Ko & Janghyeok Yoon, 2020. "Predicting product development directions for new product planning using patent classification-based link prediction," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(3), pages 1833-1876, December.
    15. Motohashi, Kazuyuki & Zhu, Chen, 2023. "Identifying technology opportunity using dual-attention model and technology-market concordance matrix," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    16. Jinho Choi & Yong Sik Chang, 2020. "Development of a New Methodology to Identity Promising Technology Areas Using M&A Information," Sustainability, MDPI, vol. 12(14), pages 1-25, July.
    17. Lijie Feng & Yuxiang Niu & Zhenfeng Liu & Jinfeng Wang & Ke Zhang, 2019. "Discovering Technology Opportunity by Keyword-Based Patent Analysis: A Hybrid Approach of Morphology Analysis and USIT," Sustainability, MDPI, vol. 12(1), pages 1-35, December.
    18. Yongho Lee & So Young Kim & Inseok Song & Yongtae Park & Juneseuk Shin, 2014. "Technology opportunity identification customized to the technological capability of SMEs through two-stage patent analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 100(1), pages 227-244, July.
    19. Choi, Jaewoong & Lee, Changyong & Yoon, Janghyeok, 2023. "Exploring a technology ecology for technology opportunity discovery: A link prediction approach using heterogeneous knowledge graphs," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    20. Jumi Hwang & Kyung Hee Kim & Jong Gyu Hwang & Sungchan Jun & Jiwon Yu & Chulung Lee, 2020. "Technological Opportunity Analysis: Assistive Technology for Blind and Visually Impaired People," Sustainability, MDPI, vol. 12(20), pages 1-17, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:118:y:2017:i:c:p:170-183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.