February 29, 2024

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Data analysis to predict worthy technologies

A team from the Swinburne University of Technology is analysing text data from Australia’s patent office to predict the evolution of technologies.

The team is working at the University’s new Intelligent Data Analytics Lab, which is a part of the University’s Digital Research Innovation Capability Platform.

According to a recent press release, the data scientists are bringing deep neural-network machine learning algorithms and rapidly maturing natural language processing technology to the government agency, IP Australia.

What will the software do?

They are hoping to develop software that scans the agency’s past 20 years of patents as well as scientific article texts, including specifications and claims.

The model will tackle the natural language processing needed to analyse the patent data and any associated scientific articles. However, it will be the modelling parameters that are the hardest to identify.

The project would analyse information regarding failed technologies and success stories. Doing so, it can indicate which technologies the country should invest in.

On a broader scale, the work could reveal why scientific knowledge progresses in certain directions and triggers for faster or slower growth across fields.

The ARC Linkage Project grant funded results could ultimately improve IP Australia’s database search, revealing new technologies and potential collaborators for business analytics companies.

Moreover, it can help academic economists to understand how knowledge travels and accumulates.

Tracking Trademarks with TM-Link

This project follows the University’s successful 2017 collaboration with IP Australia and the University of Melbourne.

The group from Swinburne created a world-first trademark database, called TM-Link, which links the trademark application numbers across countries.

The databases’ neural network was designed to identify equivalent trade marks in different jurisdictions, assigning a common identification marker by considering similar trademark text, applicant names and classes.

This provided insights into the foreign trade interests of Australian businesses, by showing how trademarks are used in different markets, while also opening research into trademark trends.

The data already includes more than 10 million entries and helps track trademark use across regions. It confirms its finding based on text and imagery, using state-of-the-art imaging technology.

 A trademark labelling game also improves the algorithm’s training data by asking users to confirm a match between suggested pairs of trademarks.

Finding a home in Melbourne

In other news, a global data analytics company announced that it will set up an Australian and New Zealand (ANZ) headquarters in Melbourne to grow its client base, creating new local jobs.

Parliamentary Secretary for Jobs Jane Garrett officially opened the company’s office, with the company’s investment demonstrating that Melbourne is continuing to gain momentum as a global tech hub.

The company empowers the builders of analytics apps like the data analysts, engineers and scientists, and developers and business analysts to derive insights from complex data.

The ANZ headquarters will connect Victoria’s tech and start-up sectors with more than 500 global employees at offices in Tel-Aviv, New York, Arizona, Tokyo and London.

Victoria is now home to more than 19,000 tech businesses that employ more than 117,000 people and generate revenue upwards of A$ 36.6 billion each year.

Melbourne is the ideal location so that the company can tap into the local market with nearly a quarter of Australia’s data centres and 86% of the nation’s large enterprises using cloud computing services.

This region has numerous companies that want to leverage insights from complex data, to change the way they do business and, perhaps, change the world.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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