Leveraging Patents for Competitive Advantage of IoT and AI in your Powertrain Systems
Abstract: Attendees will learn several best practices for how to strategically patent innovations in their motor and drive systems that use Internet of Things (IoT) and artificial intelligence (AI), including digital twins and software patents. Your intellectual property (IP) strategy can bolster your competitive advantage—whether your invention relates to better manufacturing processes, predictive maintenance using AI or machine learning, or a machine learning model that is trained on proprietary diagnostic data to improve your design, efficiency, performance, etc. Moreover, building a strong IP framework for your powertrain technologies is critical to avoiding landmines in the patent landscape. Companies in the motor and drive system industry face attacks from numerous directions when integrating AI and software/IoT technologies into their facilities and products.
This session will also explain ways to minimize the risk of a patent lawsuit. Attends will learn a holistic framework to implement an IP strategy from both offensive and defensive positions.
Attendees will also learn to:
allocate a limited, legal budget to more efficiently secure patents for their motor and drive system innovations;
identify what aspects of your manufacturing innovations are viable for patent protection; and
use an interdisciplinary approach with proper division of labor/expertise to select the best IP to protect.