Web Solution Claims To Help Improve R&D ROI

Compiled ByJill Jusko Boston-based Invention Machine Corp. says its new Web-based solution, Goldfire Intelligence, can aid enterprises in increasing their return on investment in research and development, help stimulate innovation, and leverage intellectual assets. The product features next-generation semantic search technology, innovation trend analysis and extensive R&D content. "[Goldfire Intelligence] enhances our ability to identify new business opportunities by analyzing our technology in-depth and matching the findings with the needs of potential customers," says Larry Bean, director of intellectual property marketing at Northrop Grumman Corp.'s Los Angeles headquarters. Northrop Grumman beta tested the product. Invention Machine says the semantic indexing and search technology are at the core of Goldfire Intelligence. Queries entered via a natural language interface are semantically analyzed, after which they are matched to relevant answers from knowledge bases. Goldfire Intelligence summarizes documents and highlights relevant sentences in source files to lighten the reading load of users. The solution consists of Web-based and desktop components that give users access to internal and external intelligence. The Scientific Effects Knowledge Base, a key component of Invention Machine's proprietary content, contains more than 8,000 animated effects and examples. It is offered to customers on a yearly subscription basis and is scalable across organizations.