The science of analyzing the patent data for meaningful conclusions is know as patent analytics. As we all know that patent is a legal document which discloses technical information and does contain bibliographic data.
We can divide patent analytics into two parts based on the depth and type of data. 1) Macro Patent Analytics 2) Micro Patent Analytics
1) Macro Analytics
It involve collection, compilation and analysis of the bibliographic patent data. These analysis give us definitive information and various trends like major inventors, state of technological developments, major markets and also forms a base for Competitive Intelligence.
2) Micro Patent Analysis
It offers decisive information about the technological options-Qualitative analysis of Patent Specifications, which are quite Technical in nature and talks about issues such as Current State of the Art, Patent Landscape, Technological horizons etc.