Intellectual property management in the context of digitalization: research results

Abstract

This study examines the issue of the impact of digitalization on the intellectual property management system. The authors note that intellectual property, digital economy, and international cooperation will become key factors determining the socio-economic growth of economic entities and the country as a whole. The results of the study are divided into three key sections, providing theoretical and practical aspects. The first section examines the essence of intellectual property management. Authors presented the main approaches to defining the categories of “intellectual property” and “intellectual property management”. This section also includes a chart that represents level of funding of innovation activities by country, as innovation is a fundamental aspect of intellectual property. In the second section, the authors paid special attention to the issues of digitalizing the intellectual property management system. This section presents an analysis of official global statistical data, as well as data from the Russian Federation, which helped to identify the reasons for the heterogeneous contribution of innovation development to global progress. In the third section, the authors examined the risks associated with intellectual property management. They illustrated and described the main risk areas in the intellectual property system. The conclusion highlights that effective intellectual property management will enable organizations to adapt to the evolving relationships emerged due to the growth of the digital economy.