Anticipating technology-driven industry convergence: evidence from large-scale patent analysis

Abstract

Industry convergence has been the subject of many prior studies, yet most have focused on certain domains based on ex post evaluation. This study presents a systematic approach to anticipating technology-driven industry convergence using large-scale patent analysis covering all technology fields. Our approach includes patent co-classification analysis with the concordance between patent classes and industrial sectors to measure technological relations between industries; centrality and brokerage analysis to identify the specific roles of technology fields in industry convergence; and finally link prediction analysis to anticipate technology-driven industry convergence. A case study with the patents issued by the United States Patent and Trademark Office from 1976 to 2014 confirms that our approach provides a holistic and forward-looking perspective on technology-driven industry convergence.