Why are Intellectual Property Rights Important? Organizations that are constantly innovating to create new products (or to improve existing products) will need to consider how they are protecting those newly created (or improved) assets. One of the ways that they can do so is by ensuring that they own the relevant intellectual property rights. Intellectual property (“IP”) refers to a set of intangible assets that, when owned by an organization, legally protect that organization’s creations…
Modern tech innovations are often focused on data-driven products, which incorporate mining data and then processing this data using algorithms to enable AI applications to perform what human beings have previously accomplished. In such innovations, there are two valuable commodities – the data itself, and the algorithms/systems that process it and produce a useful result. Today’s Laws The key types of IP relevant to the creation and use of data are patents, copyright and confidential…