The Rise of IP From HR and AI Perspectives
March 20, 2023
How Patents Bolster a Business’ Portfolio Valuation
HR Tech: The Transformational Power in Recruiting was curated to give entrepreneurs and founders the information they need to successfully attract, hire and retain top talent in the market. The event, which took place at MIT, covered much more than just the technological progress taking place within the HR and recruiting industry.
Arran Stewart, CVO of Job.com, joined by moderator and speaker, Keegan Caldwell, Managing Member of CALDWELL, spoke on the evolution of HR technology, future of resumes, their personal journeys, and of course, the protection of intellectual property (IP). The duo emphasized the necessity of IP for entrepreneurs and founders who strive to successfully increase the value of their companies and how this was adopted by Job.com.
The staffing and recruitment industry serves as a great example; a highly human capital-intensive industry is now undergoing major Human Resource Technology transformation. The processes that technology is now conducting, which would have once been provided by a human, are now software that can be patented and protected.Arran Stewart, Nasdaq, The Rise of Intellectual Property
Patent protection and enforcement represent some of the largest growth strategies for years to come. Companies and investors cannot ignore the advantages this strategy offers, as well as truly being able to show intangible asset values for their business. IP protection is fundable and has a measurable value, inherently making it a competitive market in all verticals, resulting in further consolidation.¹
In a recent Nasdaq interview between Arran and Keegan, 3 key markets show prospect for major growth, complimented by IP involvement: manufacturing automation, SaaS, and AI. This is due to the new software required to fuel these sectors which can subsequently be patented and protected.
AI will touch every part of human lives; we are just at the beginning of patent protection within AIKeegan Caldwell, Nasdaq, The Rise of Intellectual Property
As the world has shifted to a digital age, the S&P 500 has seen intangible assets shift simultaneously to make up the majority of assets – currently account for 90%, compared to 1975 when intangible assets made up only 17% of S&P portfolio assets.² As a result of the ubiquitous adoption of technology, asset-based lenders are recognizing the value of intellectual property and utilizing IP portfolios as collateral to secure loans. This provides businesses with a new source of capital, enabling them to harness the value of their IP to access funding. As the fastest growing area of law in the U.S., patent law is securing its spot as an integral part of incorporating and supporting technological innovations.