Unlock growth and scalability by leveraging data with PatSnap | e27

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The emergence of AI-powered technology and machine learning has revolutionised how startups harness data for growth and scalability. By employing advanced algorithms, startups can efficiently sift through vast troves of data, extracting valuable insights that inform strategic decision-making, and ultimately bolstering their R&D process.

From identifying market trends to understanding customer preferences, AI enables startups to synthesise complex information swiftly and accurately, empowering them to make data-driven choices that drive growth. By leveraging AI to distil data into actionable intelligence, startups can optimise processes, enhance product offerings, and cultivate deeper connections with their target audience, thus propelling their expansion and scaling efforts to unprecedented heights.

While the potential benefits of leveraging AI and machine learning for data-driven growth are immense, startups often grapple with significant challenges in accessing the necessary technological infrastructure to process vast amounts of data effectively. Limited financial resources and expertise can hinder startups from investing in robust data infrastructure and hiring specialised talent to implement and manage AI solutions. Additionally, the sheer volume and complexity of data present obstacles for startups, as they may lack the sophisticated tools and systems required to collect, store, and analyse data at scale.

Without access to scalable infrastructure and adequate technical capabilities, startups risk being overwhelmed by the data deluge, inhibiting their ability to derive actionable insights and capitalise on growth opportunities.

Unlocking growth through innovative solutions with PatSnap

Building robust data governance frameworks and implementing stringent security measures require substantial investments in both time and resources, diverting attention and resources away from core business activities. Furthermore, the risk of data breaches and cybersecurity threats looms large, particularly for startups with limited cybersecurity expertise and resources, underscoring the importance of prioritising data privacy and security initiatives as integral components of their growth strategies.

Thus, to properly leverage data and unlock growth, startups need a reliable solutions provider that offers scalable infrastructure, advanced AI tools, and expertise in data analytics, enabling them to efficiently process large volumes of data, derive actionable insights, and accelerate their growth trajectory without the burden of managing complex technology infrastructures internally.

Also read: Elevator Pitch Competition (EPiC) accelerates startups from SEA to the world

With this mission serving as the building blocks of its technology, PatSnap offers ​​patented machine learning and AI-powered technology that enables users to seamlessly comb through, connect, and analyse billions of cross-industry innovation and IP data points in a fraction of the time.

Founded in 2007, Patsnap is a global leader in AI-powered innovation intelligence. The Singapore-founded tech unicorn’s user-friendly platform revolutionises how IP and R&D teams collaborate across the entire innovation lifecycle — from validating ideas to analysing the competitive landscape and beyond. More than 12,000 global companies across diverse industries trust Patsnap to innovate faster with AI.

With a team of 1,200+ Patsnappers spanning three continents and over 12,000 customers in over 50 countries, PatSnap is revolutionising the innovation process from concept to commercialisation.

Get to know PatSnap at Echelon X!

Aligned with its mission to strengthen the tech startup ecosystem, PatSnap will be joining us at Echelon X happening on 15-16 May at the Singapore EXPO. There, PatSnap will be meeting with startups, investors, SMEs, corporates, and government institutions, among other ecosystem enablers to discuss how the company can help them leverage data in their R&D processes. “We want to show Echelon X delegates how we can empower R&D teams to gain competitive advantage and innovate faster with our AI-powered innovation intelligence platform. This way, they will be keen to explore our platform to try out,” shared Guan Dian, Co-founder, APAC General Manager & CMO at PatSnap.

Guan will also be representing PatSnap as one of the esteemed speakers of Echelon X.

Also read: Antler: Backing the world’s most driven founders from day zero to greatness

Targeting IP and R&D teams and verticals that include life sciences, automotive, consumer goods, technology, manufacturing, engineering and legal, Guan explained that the PatSnap team is eager to help R&D teams in their growth journeys. “We look forward to sharing more about how Patsnap is putting AI to work to help R&D teams innovate faster and boost their productivity,” she shared.

PatSnap is one of the many exciting industry leaders from across the Southeast Asian region who will be joining us for Echelon X. Joining Antler are other key leaders, visionary entrepreneurs, and groundbreaking startups from all corners of the region who will be gathering together for two packed days. Echelon X will feature dedicated content stages, exhibitions, panel discussions, and more — all to support and empower the tech startup ecosystem with actionable insights through a series of knowledge-sharing activities.

Whether you’re eager to expand your knowledge, network with key players from the tech startup scene, or showcase your innovative ideas, Echelon X offers an unparalleled experience. Join us as a participant or an official partner by securing your spot now on our official page. Together, let’s embark on a journey to shape the future and create a lasting impact.

Join us at Echelon 2024, where innovation knows no limits, and the possibilities are endless!

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