One reason why Trade Secrets should be your company’s priority
Because if you don’t make Trade Secrets your priority, then your Trade Secrets will be reassembled and another company will take the value and benefit from them.
THE REASON IS AI
Have no doubt that your sensitive information is being shared online by employees using AI tools like CoPilot, translation tools or just plain Google. It may be small, isolated snippets of information that in themselves appear harmless like ‘what is a trade secret policy’ or it could be more valuable information like pricing and profitability.
JOINING THE DOTS
AI tools are so powerful that they can join the dots and identify your Trade Secrets even before you have identified them! AI will take separate pieces of non material, non public information and identify sensitive information through deduction, yes, your TRADE SECRETS!
YOU HAVE TRADE SECRETS THAT AI WILL IDENTIFY BEFORE YOU DO
Already there are commercially available tools deducting trade secrets from public patent information; for example patents may show something happens during a temperature range between 90 and 105, whereas the AI will pinpoint it at 97 during certain conditions (Trade Secret). The same techniques can be applied to non public commercial information.
UNDERSTAND WHAT YOU HAVE
You have very valuable commercial and technical trade secrets in your business, do not wait for AI to identify what they are and for someone else to extract the value from them. The first step is to identify the information in your company that may be existential, have a profit impact or even a balance sheet impact.
WAITING IS NOT AN OPTION
King Canute was not successful. Now is the time to make Trade Secrets your company’s priority.
JOIN OUR TRADE SECRET HUB
Trade Secret value and associated law is developing all the time. In the Trade Secret Hub you will learn from other experts, share ideas and tackle common problems. DM me for more information.
I am John Pryor, making IP accessible and valuable for your business.
The Benefit of Hindsight UpfrontTM
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JOHN PRYOR: I am John Pryor, I am a strategy consultant focussed on intellectual property and dedicated to helping people and business to make the best use of all available IP to compete and win in the marketplace.
My aim is to increase people’s understanding of Intellectual Property, so that they can successfully and cost effectively use it in their business, to help achieve a higher valuation.
Book: The Innovation Handbook, 2nd Edition 2010. chapter: How to maximize the value of your intellectual property.
ABOUT MY YOUTUBE VIDEOS: In these videos I explain some of the most important aspects of intellectual property in ways that make it relevant and accessible to business people.
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