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The market for Intellectual Asset Management (IAM) Software is a fragmented with many smaller organizations providing a wealth of features and functionality. This makes it difficult for corporate IP departments to choose the best software for their needs.
A number of our customers started their selection process looking at over 30 software vendors. Each vendor claimed to have the most comprehensive solution. The selection process was long (sometimes over 2-3 years), frustrating and confusing.
Here are the top five tips that will help you reduce the number of vendors for your evaluation and to separate the wheat from the chaff: