Introduction
The digitalization of low-carbon energy technologies (LCET) is revolutionizing the way we approach sustainable energy solutions. As these technologies converge with information and communication technologies (ICT), new opportunities for innovation emerge. However, identifying these opportunities can be challenging. A recent study proposes a novel approach using collaborative filtering to uncover digitalization opportunities in LCET, focusing on patent classification and citation data.
The Methodology
The research introduces a collaborative filtering method that leverages patent data to identify technology opportunities. This method is advantageous due to its simplicity, replicability, and the availability of underlying data. The approach involves three main steps:
- Collecting Knowledge Elements: Using Cooperative Patent Classification (CPC) codes to represent technological knowledge within a specific field.
- Representing Potential Technology Opportunities: Identifying CPC codes not yet integrated with ICT solutions as potential opportunities.
- Identifying Technology Opportunities: Calculating a latent digitalization score (LDS) to determine the likelihood of these opportunities being realized.
Empirical Findings
The study applied this method to a dataset of LCET patents from the United States Patent and Trademark Office (USPTO). The findings revealed that digitalization opportunities are predominantly concentrated in the energy storage field, which accounts for over 50% of identified opportunities. This aligns with the growing importance of energy storage in the transition to a greener energy system.
Practical Implications
For practitioners in the LCET field, this methodology offers a strategic tool to guide research and development efforts. By focusing on identified opportunities, companies can enhance their innovation capabilities and stay competitive in the evolving energy landscape. Furthermore, policymakers can use these insights to shape innovation policies that accelerate technology convergence and decarbonization.
Conclusion
The convergence of LCET and ICT presents significant opportunities for innovation. By employing the collaborative filtering approach outlined in this study, practitioners can effectively identify and capitalize on these opportunities. This method not only enhances the strategic planning of R&D activities but also contributes to the broader goal of transitioning to a sustainable energy system.
To read the original research paper, please follow this link: Identify the digitalization technology opportunity of low-carbon energy technologies: Using the patent data and collaborative filtering.
