Impact and Application of AI in Governance of Intellectual Property Rights of a Company
The interaction of IPR and AI may result in significant shifts in corporate governance. AI can be used by businesses, for instance, to monitor and defend their intellectual property assets, automate licencing agreements, and identify potential instances of infringement. AI can also be used to evaluate data related to intellectual property rights in order to spot patterns and trends, which can then be utilised to guide strategic decision-making. The combination of intellectual property rights and artificial intelligence can, on the whole, contribute to higher competitiveness, improved decision-making ability, and increased efficiency. Yet, it is absolutely necessary to make certain that these technologies are deployed in an ethical and transparent manner in order to minimise the possibility of adverse effects on corporate governance.
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