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Who’s Minding Your Store? Intellectual Property and Compliance in the Digital Age
The Internet age has been both a blessing and a curse for many companies. It has provided myriad opportunities for new revenue streams. But it has also posed challenging new problems for managing intellectual property and regulatory compliance.
How can you get the best value out of your assets while still protecting them? Especially when most of them are intangible, like patents — and in digital form? And how can you possibly keep pace with the hundreds, possibly thousands, of laws and regulations governing your business?
Digital trust is proving to be the likely solution for these challenges, and is explored in depth in two new CSC reports: Intellectual Property Protection: Minding Your Mind Power (PDF, 2.6MB) and Compliance Management: The Business of Keeping the Business in Business (PDF, 2.7MB).
Key findings in these latest volumes from CSC’s Leading Edge Forum Digital Trust series include: More assets are now intangible — and in digital form — than ever before. And the percentage is expected to grow. Organizations must change their tactics to protect these assets. Digital trust not only protects intellectual property, but also enables you to create new value from existing assets, generating completely new revenue streams. Rules are everywhere. The more rules you must comply with, the more important digital trust becomes. Digital trust makes compliance cheaper and easier. But the real payoff is compliance itself, which prevents lost trust and competitive disadvantage. Despite setbacks, businesses are winning the battle. The reports showcase technologies and solutions you can use to protect your organization. Digitize, then "monetize" your IP Today, by some estimates, 80 percent of the S&P 500’s value lies in intangible assets, a significant portion of which is intellectual property (IP). And, since 1999, more than 90 percent of all documents have been created in digital form. That’s a lot of pages floating around in cyberspace. Digital trust is the best way to not only protect, but also capitalize on those assets.
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