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Sumit Prasad

is an Innovation Strategist by profession with more than 8 years experience as a patent expert and IP consultant. He is playing an instrumental role in cultivating innovation and spreading IP awareness among Startups, MSMEs, R&D groups of GCoEs and helping them in strategizing their IP activities. At Sagacious, he is leading the ‘IT for IP Initiative’ that allows him to leverage his IP experience to create algorithms using AI, ML, NLP, Automation, etc. and develop tools/software that can help solve problems in intellectual property industry. Sumit has also helped Sagacious in automating IP processes and development tools for enhanced efficiency and better interaction with clients.

Recent Articles by Sumit Prasad

AI Versus Manual Patent Searching: How a Hybrid Approach Can Optimize Success

With the forecasted growth of global Artificial Intelligence (AI) market size, it is evident that AI is quickly becoming the solution to most software and service needs. AI has even infiltrated our homes—for example, we are increasingly seeing smart home systems that incorporate Internet of Things (IoT) technology along with a master AI virtual assistant. Undoubtedly, the technology has made space in the intellectual property-based service sector as well. For instance, to support patent searching, there are quite a few AI-based automated patent search tools available. Although many of these are still in their training stage, these tools are likely to mature. Thereafter, the question looming over innovators is whether to take advantage of affordable AI patent search tools or invest in outsourced manual patentability searches.