Greece-OBI implements Forecasting

    On 16 November 2015, the Hellenic Industrial Property Organisation (OBI) announced implementation of the Forecasting Methodologies tool.

    Under the umbrella of the Cooperation Fund, a project was launched to evaluate and test the best methods for predicting trade mark and design filings using the latest forecasting technologies.

    The working group was led by a member of the Economics & Statistics service in the European Observatory on Infringements of Intellectual Property Rights, a department within OHIM, with input from forecasting experts from the EU IP offices of Denmark, Hungary, Poland, Portugal, Spain and the UK. The European Patent Office (EPO) acted as an observer.

    The project resulted in the development of a forecasting tool powered by an improved forecasting methodology.

    The availability and use of forecasting systems capable of generating precise forecasts of trade mark and design filings are crucial for successful strategic planning, operative management, optimal allocation of resources and budgetary design at EU IP offices.

    With the addition of Greece-OBI, a total of 21 EU IP offices now successfully use the forecasting tool.