World class patents in artificial intelligence, 2000-2020
Digital technologies are one of the main drivers. The chart below focusses on the artificial intelligence technology and shows the best 400 regions worldwide.The analysis is not restricted to GreenTech and introduces an additional EconSight feature – world class patents. EconSight calculates the value of every single patent worldwide and focusses on the top 10% patents in terms of value. The value is calculated by taking the technological relevance (citations of patents, adjusted for age) and market coverage (number of countries where patent protection is applied for, adjusted for market size) into account.
The chart shows the development over time from 2000 to 2020. In this case world strength (regional share of world patents in AI) and specialisation (regional share of AI in total regional patents) are shown on the axis instead of the European view in the other charts .
It can be seen that European regions are far behind US regions in world class patents in AI and they also overtaken by Asian regions in recent years. It has to be noted that Europe is more competitive in most other advanced digital technologies. But Apart from AI, Big Data and Cloud Computing are also major challenges for Europe.