New analysis tools are expanding the options for innovation researchers. While previous researchers often speculated on the relationship between innovation inputs, such as patents or funding, and innovation outcomes, such as product releases or initial public offerings, new software
tools enable researchers to analyze innovation event data more efficiently. Tools such as EventFlow make it possible to rapidly scan visual displays, algorithmically search for patterns, and study an aggregated view that shows common and rare patterns. This paper presents initial examples,
using data from 34,331 drugs or medical devices, of how event analytic software tools, such as EventFlow, could be applied to innovation research.
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Document Type: Research Article
June 1, 2017
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Technology and Innovation, edited and published by the National Academy of Inventors, is a forum for presenting information encompassing the entire field of applied sciences, with a focus on transformative technology and academic innovation. Regular features of T&I include commentaries contributed by the United States Patent and Trademark Office (USPTO) and in-depth profiles of Fellows of the National Academy of Inventors in every issue.