Abstract: In today’s technology-driven world, commercialization of information technology (IT) and intellectual property (IP) are driving innovations and economic growth. Many organizations struggle to realize the full value of their IT IP assets, which result in missed opportunities and low returns on investment of their IT IP assets. A comprehensive approach to enhance the value realization of IT IP assets by commercialization is presented in this article. The article begins by examining the significance of establishing a comprehensive IP management strategy that aligns with the organization's broad commercial objectives. IT IP strategies identify and protect valuable IT IP assets, which include patent filing, copyrighting, trademarking, and trade secrets that are needed for organizations to realize the value of its IT IP assets. Furthermore, fostering a spirit of ingenuity and a thorough understanding of intellectual property within the organization is vital for ensuring efficient intellectual property administration.
The article also assesses ongoing IP asset management, encompassing surveillance and enforcement tactics to safeguard IT intellectual property rights. Monitoring the market regularly aids organizations in spotting potential infringements and taking appropriate legal steps to safeguard their intellectual property. Continuous evaluation of the IT IP assets market value and reassessing commercialization strategies allows organizations to adapt to evolving market conditions and maximize long-term value realization.
Keywords: technology-driven world, information technology (IT), economic growth.
Title: Maximizing the Value Realization of IT Intellectual Property Commercialization
Author: Dr. Mufleh M. AlKahtani, Abdulmajeed A. AlAbdulhadi
International Journal of Computer Science and Information Technology Research
ISSN 2348-1196 (print), ISSN 2348-120X (online)
Vol. 11, Issue 4, October 2023 - December 2023
Page No: 37-41
Research Publish Journals
Website: www.researchpublish.com
Published Date: 06-November-2023
