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August 26, 2022

Big data innovation in the clinical trials industry has dropped in the last year

Analysis of patent filings shows big data related applications shrinking over the past three months.

By Data Journalism Team

Research and innovation in big data in the clinical trial operations sector has declined in the last year.

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The most recent figures show that the number of big data related patent applications in the industry stood at 18 in the three months ending June – down from 21 over the same period in 2021.

Figures for patent grants related to big data followed a similar pattern to filings – shrinking from 16 in the three months ending June 2021 to 2 in the same period in 2022.

The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Big data is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

The figures also provide an insight into the largest innovators in the sector.

Johnson & Johnson was the top big data innovator in the clinical trial operations sector in the latest quarter. The company, which has its headquarters in the United States, filed 10 big data related patents in the three months ending June. That was up from 1 over the same period in 2021.

It was followed by the Switzerland based F. Hoffmann-La Roche Ltd with 3 big data patent applications, Switzerland based Novartis AG (2 applications), and the United States based Eli Lilly and Co (1 applications).

Related Companies

Free Report
img

Spot leading innovative companies with GlobalData’s Innovation Scorecard

Innovation remains a necessity in a disruptive ecosystem, as continuous innovation allows companies to adapt, evolve, and grow through disruption. Using our in-house alternative datasets, we are excited to launch GlobalData’s Innovation Scorecard. This scorecard will allow clients to rank 3,500+ companies on their innovation activity, impact, and disruptive potential across geography, sector, and theme. The scorecard provides a data-driven framework to rank leading companies on the potential of their intellectual property (IP) portfolio. GlobalData’s Innovation Scorecard focuses not only on the activity of innovation in the organization but also on its impact and disruptive potential using the 3I framework: Intensity, Impact, and Ingenuity. The tool helps clients to identify the most innovative companies that are disruptive leaders and challengers and can create alpha for their portfolio using the insights driven by 19+ high-value KPIs. Download our report to find out more about this innovative tool. Key findings derived from this tool include:
  • Alphabet, Tencent, and Qualcomm are the top three innovative companies in the last 10 years
  • The scorecard finds Technology & Communications and Pharma & Healthcare as the two main sectors driving innovation
  • Loreal placed as ‘Disruptive Leader’ in the Consumer sector, while Revlon has been identified as a traditional laggard
  • Companies such as Etsy and H&M are challenging retail ‘Disruptive Leaders’ Amazon and Walmart
by GlobalData
Enter your details here to receive your free Report.

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