Research Article

Identifying Automotive Industry Trends: Data Mining from Intellectual Property Databases

Authors

  • Roland Attila Csizmazia Associate Professor, Glocal Education Center, Ingenium College & Department & Kwangwoon University. Seoul, South Korea

Abstract

Patents protect the patent holders in that the patented process, design and invention can only be used or sold by the holder exclusively. Therefore, manufacturers use patents to gain a competitive edge against the competition. A patent analysis discovers which car parts are considered the most for future development in the automotive sector. The purpose of this paper is to identify and analyze major trends and the potential implementation of patents. Furthermore, the research may reveal in detail the common R&D trends within a certain industry, differences among the major representative manufacturers and support to identify feasible future strategies for lagers. The patent analysis will be launched with the data collection from a patent database. To avoid the extensive computing time in R, only each patent document's abstract is deployed for the research. After data cleansing, the term frequency-inverse document frequency algorithm is used to find the keywords in the patent abstracts. To visualize results, the social network analysis is conducted. It identifies trends and relationships among the mapped keywords. The discovered major keywords constitute the graphs of the most important parts related to each other and are considered for the future.

Article information

Journal

Journal of Business and Management Studies

Volume (Issue)

3 (2)

Pages

120-124

Published

2021-09-07

How to Cite

Csizmazia, R. A. (2021). Identifying Automotive Industry Trends: Data Mining from Intellectual Property Databases. Journal of Business and Management Studies, 3(2), 120–124. https://doi.org/10.32996/jbms.2021.3.2.12

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Keywords:

Patent research, trend analysis, text mining, information extraction