- Use Business Intelligence metrics to identify strengths and weaknesses.
Juristat's competitive intelligence information can help you shore up your firm's weaknesses and use your firm's strengths to land new clients and demonstrate value to existing ones.
Using the filters and metrics on a Business Intelligence report, you can identify classes, art units, or tech centers where your firm is highly effective. Once you've identified a class or art unit where your firm is performing well, you can use Juristat to compare your firm's performance vs. the class average, or find out what potential clients file the most in that area.
Check out our Business Intelligence Tips & Tricks to get up and running quickly.
2. Create data-driven RFP responses.
Responding to requests for proposal (RFPs) can be time-consuming. Using Juristat Platform's table view, you can quickly pull together the data requested commonly in RFPs, like the average number of amendments, office actions, RCEs, interviews and appeals for your firm's applications.
The first step is to create your data set of applications using Platform's filter bank. You'll want to first filter to your firm's applications, then apply any other necessary restrictions. For example, an RFP may request information about applications filed in particular technology centers or applications filed within a certain time frame. Using Platform's filter bank, you can create the set of applications requested by almost any RFP.
Once your data set is created, click "edit columns" to add the information you need for your RFP response to your view.
From there, you can export your table to a .csv file to calculate things like average RCEs, amendments, appeals, etc.
For more information on using Platform to respond to RFPs, watch our 30-minute Master Class webinar on Crafting Data-Driven RFP Responses.
3. Use Juristat to Perform a Market Analysis.
Some common projects for business development or marketing teams is to identify the big players in an area of technology, find out what art units applications claiming a certain type of technology are assigned to, or generate a landscape analysis.
To get started with any of those projects, you can perform a keyword or similarity search to identify applications related to the type of technology you're interested in.
Once you have this set of search results, you can expand the art unit, assignee, firm, tech center, or class filters to find out where most of the applications in your search results are grouped. For example, by searching for
"smart contract" OR "smart contracts", we can find out that the most frequent filer is IBM and the applications are most frequently in art units 3685 and 2491.
You can also click over to the intelligence (f/k/a charts) view to run competitive intelligence metrics on your set of search results.
4. Understand Juristat's Business Intelligence Data.
Understanding the data and metrics reflected in Juristat's competitive intelligence tools is key to making convicing client pitches and RFP responses. To help you better understand how Juristat's Business Intelligence and Examiner data is organized, cleaned, and updated, check out our Master Class webinar taking a Deep Dive into Juristat Data.