Provided by: Science and Development Network (SciDev.Net)
Technology can be defined diversely according to the ways of its usage. In this paper, the authors define technology as a tool making new product and service using the developed results of science and engineering for improving the quality of human life. Technology Management (TM) is important factor in the business planning of a company. Many companies have performed TM for developing new products and protecting their Intellectual Properties (IP). Patent is a typical IP, so they propose a TM approach using new patent analysis method. In this paper, they combine time series regression and clustering techniques. To assess the performance of their research, they will make experiment using the biotechnology patent data from the United State Patent and Trademark Office.