Evolving IP: The Innovation Crossroads

On Episode 2 of the Evolving IP podcast from LexisNexis® Intellectual Property Solutions, host Nigel Swycher speaks with Olivia Koentjoro, the Head of Global Legal Data Analytics at Applied Materials.

Koentjoro’s discussion spans the spectrum of challenges and opportunities inherent in effectively harnessing IP data. She argues that analytics can revolutionize this data into a potent force for highlighting the strength of a company’s innovation.

The strategic deployment of IP data is undergoing a metamorphosis within industries, a notion Koentjoro fervently advocates for, underscoring its transformative capacity when wielded adeptly. Joined by host Francesca Levoir (Head of Brand Strategy and Solutions Marketing) and expert Nigel Swycher (CEO LexisNexis Cipher), Koentjoro touches upontopics ranging from data analytics, communication strategies, diversity in innovation and the integral role of IP as a business asset.

Raw data, devoid of context, holds minimal value; it’s the application of analytics that propels IP data into an engine for innovation. Levoir and Swycher underscore the need to align metrics with objectives and refine analytical methodologies to unearth actionable insights.

Effective communication is a crucial tool in surmounting hurdles to unlock the latent potential of IP data. Koentjoro explains how educating stakeholders facilitates enlightened decision-making processes.

Later in the episode, Koentjoro also advocates for diversity by prioritizing competence over confidence in order to dismantle barriers and nurture avenues for innovation and expansion.

As Koentjoro explains: “DEI [Diversity, Equity and Inclusion] is a journey. And it’s a constant work in progress. [We] need to understand that each region or demographic has specific challenges, so that one global strategy may not just work for everything.”

As the discussion turns to AI, Swycher emphasizes the symbiotic relationship between artificial intelligence and human expertise, offering guidance on navigating complexities with foresight and acumen.

As the podcast ends, Koentjoro and Swycher summarize their insights, emphasizing IP’s pivotal role as a business asset and the potency of storytelling in shaping strategic direction. They reiterate the importance of embedding IP data within broader business imperatives and harnessing innovative analytics to drive growth and resilience.

Koentjoro’s key takeaway is that “IP is a business tool”. She continues: “The challenge is how do you deliver value and commercial intelligence in a way that resonates with the business and therefore enhances the decision-making process?”

“The Innovation Crossroads” helps to illuminate a pathway where strategic utilization of IP data intersects with effective communication, diversity, and technological advancement.

Listeners will gather invaluable counsel for their organizations in navigating a landscape ripe with change.