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Tech Giant IBM Dominates Patents Rankings For 23rd Year

Update Date: Jan 14, 2016 11:11 AM EST

Once again, the International Business Machines Corp. took the top spot of patent analysis firm IFI Claims Patents Services' list, for the 23rd year. It shows 7,355 utility patents in 2015, reports Reuters.

IFI Claims put out the data into the public last Wednesday. The data revealed 298,407 utility patents granted in 2015. These patents cover function over design.

More than 2,000 patents were granted in fields related to cognitive computing and its cloud platform, including updates in artificial intelligence and cloud technology.

The patent results of IBM reflects its diverse range of inventions. Recently, the focus was on developing cognitive solutions and cloud computing, even as it gears up for a novel era of computing, reports E-Week News.

Ginni Rometty, IBM's chairman, president and CEO, expresses positivity. "During IBM's 23 years atop the patent list, the company's inventors have received more than 88,000 U.S. patents. IBM's investments in R&D continue to shape the future of computing through cognitive computing and the cloud platform that will help our clients drive transformation across multiple industries," he said, according to PR Newswire.

"IBM's patent leadership demonstrates our unparalleled commitment to the fundamental R&D necessary to drive progress in business and society," he added.

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