A Novel vision.Only problem is that the No.1 entity that benefits from issuing patents-The Govt. would'nt quite be happy with this development. Also can u imagine how the most useless profession on earth(Lawyers) react to such a development???They would not just be out of Jobs but be left with No Hope and be forced to do honest,hard work. Will be fun to watch.
The current Apple-Samsung patent reminds me of two kids fighting over a piece of candy.Its time for Big Momma(aka the regulators) to step in and prevent technological development from coming to a complete halt in this space.
I think patents definitely have the advantage that they protect protect companies from imitation and encourage innovation and new development. However, there comes a time when a situation like this arises and patents are used merely to fight with other brands rather than creating any innovation. This is where the authorities should intervene and ensure patents are not misused.
I think it is too simplistic to simply conclude that intellectual property laws inhibit innovation, however there may be some truth in it.
I think the laws governing intecllectual property in the technology industry can benefit a bit from looking at the academia. Where ideas are constantly been revised and improved upon by other scholars. You only need to acknowledge the original owner of the idea. This has led to faster discoveries because you do not need to start from the scratch.
Although, it would not be as simple when big corporations and their millions are involved but the laws could guided by this general principle making it easier for innovations to be improved upon.
We're all talking about innovations but it is surprising that many of these companies spy each other in many ways. They all know that it is very costly to develop an innovation from the scratch, so they wait until a company's patent is over before they start producing a similar product. It is good in one way because it crashes price and give room for more end users to buy such a product.
On the other hand, I do not think that Patent term can be regarded as blocking innovations as said by one of the contributors but rather blocking the copy cats.
I disagree with this opinion of reducing the patent term. Looking at the angle of drug development: It will take a particular drug 10-12 years to reach the market and at the end of the day, the patent term will remain average of 5 years to make money on the 12 years investments. If this particular drug has any problem of recall within the remaining five years, the investors are in the doom of loosing multi-millions of dollars. Patent term may be good for certain products but it is a serious challenge in the Pharmaceutical world.
And if everytime you invent something, you get a patent to block anybody else to improve upon your idea, then we wouldn't have innovation at all.
@Jaden, I agree with your opinion. Its really sad that patents act as deterrant to innovation. I strongly feel that we should reduce the "Term of patent" so that we can innovate on the exisiting ideas. We need strong reforms to our existing patent system.
The Intelectual Property rights is actually hindering innovation, I think that is the cause of several patent lawsuits in the technology industry because the Intelectual Property system is rooted in belief that innovations comes out of thin air and massive R&D spending, but this is not the case. And if everytime you invent something, you get a patent to block anybody else to improve upon your idea, then we wouldn't have innovation at all. As a matter of fact, iphone would not exist.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.