The impact of patent quality on corporate performance in the context of big data and the Internet of Things

Abstract

In the context of big data and the Internet of Things, this article explores the impact of corporate patent quality on corporate performance through analysis of corporate patent quality. Starting from multiple influencing factors, measure the patent value of enterprises to promote the economic benefits. Focus on the analysis of the practical conversion capacity of patents and the impact on corporate performance, establish a mathematical evaluation model, and explore the specificity of the patent quality through the method of regression analysis. This article has studied the important role of patent technology to improve the efficiency of enterprises, and explores the overall level of corporate performance management on how to maximizes the overall level of corporate performance management. The system of measures for patent technology to promote performance development under the background of big data constructed by the research has a very good reference for the sustainable development of enterprises at the current stage. From the existing research results, there are problems such as too few analysis samples and slow data updates, and these problems have been better solved in this study. The research analyzes the comprehensive impact of patent quality on enterprises through big data, highlights the positive relationship between patent quality and enterprise performance, and effectively fills the gap in current research.

Keywords

Big data Internet of Things patent quality corporate performance regression analysis impact research measures

1. Introduction

The arrival of the era of big data and the Internet of Things has brought new ways to the acquisition of data resources. With the continuous improvement of big data information collection methods, on the basis of big data, corporate patent technology research and development, data analysis, analysis and processing and transformation changes [1]. It is more convenient. Under modern technology conditions, the impact of patent technology inventions on corporate performance is increasing. In the process of a large number of data analysis, the performance management of enterprises has become an important indicator system for evaluating the development of enterprises. The patent quality of the enterprise affects the formulation, implementation, and evaluation results of the enterprise performance plan [2]. Through the implementation of the quantitative evaluation index system, the full chain of the performance management of the enterprise and the effective coverage of the entire door can ensure the performance of the performance evaluation. In the process of studying the development of corporate patent technology, the evaluation of performance has become an important indicator of the reality transformation capacity of the enterprise. This article explores the huge changes brought about by corporate performance management to corporate patent technology inventions under modern information technology [3]. And analyzed the problems and risks, and the regression analysis was conducted by selecting a certain data foundation, and a specific means and measures for the improvement of the invention of corporate patent technology were proposed.

The quality of the patent invention of an enterprise has an important impact on promoting the construction of corporate performance management indicators. In the process of formulating the performance management index system, most enterprises require enterprises to adopt certain construction indicators in patent inventions, and at the same time consistent with the development strategy of enterprises in the market economy, so that the entire enterprise can be effective in the invention of the patent quality [4]. Improving the role of corporate patent quality on the promotion and improvement of the annual economic benefits of the entire enterprise. In the process of promoting and improving the patent quality management mechanism of the enterprise, we must pay attention to the quantitative management and supervision of performance in the quality of corporate patent invention [5, 6]. Enterprise patent quality has an important impact on the level of management performance. State and enterprise departments must actively guide, continuously improve the patent quality development environment, and construct a more scientific and reasonable competitive development atmosphere. In the process of long-term construction, it will form a continuous development momentum. The application of computer science and engineering calculation in the related fields of this paper is mainly concentrated in patent application and management, and the relationship between it and enterprise performance is still blank. This paper mainly uses the regression model to analyze, focusing on the exploration and demonstration of the factors that affect the performance management of enterprises.

2. The application of big data and Internet of Things in improving management business

The impact of patent quality on corporate performance is reflected in many aspects. The patent quality of the enterprise affects the performance management level of the enterprise. The backward performance management method is very unfavorable to the long-term development of the corporate patent, and if the corporate patent performance is achieved in the feedback mechanism, it will greatly restrict the development level of corporate patent performance [7, 8, 9].

2.1 Increased number of patent applications

Through technological innovation and innovation under information technology, most domestic companies have actively promoted the rapid development of their own economies. Intellectual property represents the important capabilities of an enterprise in the process of technological innovation and the industrial revolution. The degree of development of a company’s patent intellectual property rights is an important symbol of an industry at the level of performance management. In 2020, my country’s patent intellectual property rights have gradually realized the world-class level. The number of patent applications in my country has reached 2 million [10]. In the data released by the State Bureau of Statistics, corporate patent inventions accounted for 56.6% of the domestic general invention patents.

Figure 1.

The proportion and increase of domestic corporate patent invention and album authorization in 2020.

As shown in Fig. 1, in terms of invention patent authorization, domestic enterprises account for 71.5% of domestic total authorization. This data increased by 4.9% and 5.8% compared with 2019, which fully showed the great progress of domestic enterprises in patented technology inventions. During the same period, the total number of patent applications worldwide was 275,900, an increase of 4% over 2019. From the perspective of the total amount of patent applications, since the implementation of the “Patent Law” in my country, domestic enterprises have achieved breakthroughs in patent applications year by year. By the third quarter of 2021, the State Administration of Intellectual Property has conducted the total amount of domestic enterprise patent applications [11]. According to statistics, the cumulative acceptance reached 8 million pieces. We can discover the changes in the interval between one million pieces per person. It took 15 years to the first one million pieces of domestic corporate patent applications, to the second million, and after 50 months, it took 27 months, 18 months, 16 months, 14 months, 10 months, and 8 months have fully reflected the dual improvement of the quality and quantity of domestic enterprise patent applications as shown in Fig. 2.

Figure 2.

The interval between the number of patent applications per million patent application in 2021.

As shown in Fig. 2, we can discover the changes in the interval between one million pieces per person. It took 15 years to the first one million pieces of domestic corporate patent applications, to the second million, and after 50 months, it took 27 months, 18 months, 16 months, 14 months, 10 months, and 8 months have fully reflected the dual improvement of the quality and quantity of domestic enterprise patent applications. According to the data of the World Intellectual Property Organization, three Chinese companies rank in the top ten of the list. In addition to Huawei’s firm hold on the first position, OPPO and BOE have also shown strong growth momentum. In particular, the improvement of OPPO is particularly rapid. By analyzing OPPO’s patent distribution, it can be found that the number and quality of patent applications submitted by the company are excellent, with invention patents accounting for more than 90%, thus ensuring the company’s leading position in the field of mobile phone manufacturing to a large extent.

Figure 3.

The changes in the patent invention and authorization of domestic enterprises in 2000 and 2020.

In terms of analysis of the impact of corporate patent activities on corporate performance, the invention patent of the enterprise is an important evaluation indicator. As shown in Fig. 3, the statistical results of the number of domestic corporate patent activities from 2000 to 2020 based on the statistical analysis of Chinese scientific and technological statistics. The patent invention of domestic enterprises has increased from 1280 per year to 56,498 per year, with an average annual growth rate of 40%. The total growth rate ranks first in the world. The volume of patent invention of Chinese enterprise increased from 355 per year to 9953 per year, with an average annual growth rate of 42%. It reflects the steady improvement of the quality of the country in the invention of patented technology and the steady improvement of corporate invention capabilities. On the one hand, this shows the great efforts of the Chinese government in scientific and technological innovation, and it also shows that China’s economic development still maintains a relatively strong momentum against the background of the global economic depression.

2.2 Promoting enterprises to adopt more scientific and advanced methods of patent performance management

Most domestic enterprises have adopted different management and promotion methods in terms of corporate patent invention to promote corporate performance management [12]. In order to effectively improve the quality of enterprise patent quality in promoting the long-term development of enterprises, most domestic enterprises not only implement the performance management process among the companies focusing on the use of advanced management methods to promote the improvement of patent quality, and the regulation and promotion of the entire department’s economic development, but they also continue to innovate and develop. At the same time, it focuses on the development and growth of enterprises [13, 14]. In the field of information technology transformation, the enterprise patent invention has embarked on a new development path under the operation of the performance assessment standard system. At the same time, we must learn from the advanced technical conditions in China, through the introduction of advanced methods, enrich performance management methods, innovate development concepts, and achieve the overall construction of corporate economic benefits in the process of long-term construction [15, 16, 17].

2.3 Improve the feedback link of enterprise patent performance

Through the implementation of the closed-loop management of the entire performance link in the process of corporate performance management, the corporate patent invention promotes the performance improvement of the enterprise, and builds a quantitative development strategy that includes the implementation plan of the enterprise patent invention and the long-term development and construction of the enterprise. Enterprises’ implementation of the performance management system in patent invention technology. At the same time, pay attention to the formulation and implementation of performance plans and the closed-loop management of various links. Through refining performance management goals, the orderly connection and long-term progress of corporate patent technology in the entire development stage will be achieved. To build a complete corporate performance management link, we must start from multiple aspects. In the process of patent performance management, as an important support for the development of the enterprise, it is necessary to ensure that the enterprise is also developed in the process of scientific and reasonable patent performance [18, 19]. The feedback of the links is zero, which avoids the emergence of various risks from the source, and realizes the long-term construction of corporate performance management.

2.4 Drive enterprise industry innovation and development

The patent technology innovation capabilities of an enterprise reflect the long-term development potential of an enterprise in the industry. Through the implementation of performance management, the company’s capacity building in patent invention is promoted, and the development of enterprises will be brought into play, so that the enterprise is in a better competitive position in the entire industry. At present, the quality of my country’s invention patents has been continuously improved, and the state and government departments have promoted the implementation of corporate intellectual property strategies and formulated and introduced new policies for enterprises in implementing professional technology inventions [20]. Let the enterprise have options to promote high-quality patent technology inventions, realize the orderly implementation of the patent invention of the enterprise under the performance management system, better realize the company’s own development strategy, promote the product quality and production technology of enterprises in the entire field. The improvement of capabilities has also improved corporate standardization, performance management, and operation mechanisms.

3. Example analysis of the impact of patent quality on corporate performance

3.1 Patented data collection foundation

By collecting some high-tech companies in my country, the relevant data of patent technology inventions, the quality of patent technology inventions in different fields, and the important management methods of its implementation in the process of performance management. And through the method of literature, the contribution of newly listed high-tech companies in the domestic big data and the Internet of Things fields relying on the relevant data of national patent technology invented by the state government department. Through the relevant information of the State Administration of Statistics, we analyzed the samples of 350 listed high-tech companies to conduct data statistics and quantitative analysis of the number and quality of the patented technology inventions of these companies, and build a quantitative analysis model based on the number and quality of patented technology. The method of regression analysis conducts actual research and analysis of the development status of the entire patent technology invention. And during the analysis process, it was found that the gap and deficiencies in the process of patent technology inventions and performance management were found, and constructive opinions and measures were put forward.

3.2 Selection of performance analysis variables

In the process of studying the performance standards of an enterprise, the quality of patents is one of the important indicators. By constructing a more scientific theoretical computing model, based on the model calculation process, the analysis and summary of important indicator factors will be analyzed, and the theoretical guidance of the real problems will finally be guided through the results of the return analysis. Through the construction of different analysis models during the performance analysis process, a multi-angle and comprehensive analysis of the basic influence variables specify the analysis variables with key influence effects. The amplitude value, realize the analysis and calculation of the evaluation model more scientific and accurate.

This article mainly uses the regression model to analyze, focusing on exploring and demonstrating factors affecting corporate performance management, and collecting and summarizing important indicators affecting corporate performance management. Enterprise profit margins and corporate liability ratios are influencing factors, and the regression analysis summary of factors affecting the quality of corporate patents.

3.3 The degree of impact through regression analysis

Through the above factors’ analysis, the impact model of the performance management level of enterprise and corporate profits 1, and a model 2 of the construction of corporate patent quality and corporate performance management level 2, the correlation analysis is as follows:

$\displaystyle\Pr\textit{ofit}=\alpha_{1}+\beta_{11}\times\textit{Size}+\beta_{% 12}\times\textit{Level}+\beta_{13}\times\textit{Far}+\beta_{14}\times\textit{% Ncf}+\phi_{11}\times\textit{Citations}{}+\phi_{12}\times\textit{Average}+\phi_% {13}\times\textit{Citations}+\phi_{11}\times h+\xi_{1}$ (1) $\displaystyle\Pr\textit{ofit}=\alpha_{2}+\beta_{{2}1}\times\textit{Size}+\beta% _{{2}2}\times\textit{Level}+\beta_{{2}3}\times\textit{Far}+\beta_{{2}4}\times% \textit{Ncf}+\phi_{{2}1}\times\textit{Year6}{}+\phi_{22}\times\textit{Year6s}+% \xi_{2}$ (2)

Among them: The letter in the formula represents: frequent numbers, controlling the return coefficient of the variable, the return coefficient of the independent variable, the random error item, in the formula, the specific value of each reference output received in 2020, and the specific marketing data of each enterprise influence. PR OFIT said that corporate performance in 2020; Citations, Average, Citations3, and H, respectively, indicate corporate patent conversion rates, corporate patent investment efforts, corporate patent update cycles, and corporate patent H indexes. The number of patents for more than 6 years; Size represents the scale of listed companies; Level is the asset-liability ratio; Far represents the net interest rate of fixed assets of listed companies; and NCF indicates the net cash flow per share of the company.

3.4 Index analysis of variables that affect variables

After analyzing the variable models that affect types 1 and 2, we have obtained the descriptive analysis results of Table 1. In the analysis of each variable, we can find that the profit quality and efficiency of enterprises play an important role. In the process of control and influencing factors analysis, the construction model of the patent quality index systems 1 and 2 can better reflect the impact of the investment efforts of the enterprise on the quality of the enterprise, thereby promoting the improvement of the management level of enterprise performance. Essence Based on the theoretical descriptive statistical calculations of Eqs (1) and (2), the analysis results are close to reality and have good theoretical research value.

Table 1
Descriptive statistics of variables

Factor	Obs	Mean	Std.Dev	Min	Max
Year6	350	12.20	18.20	0.00	145.21
Year6s	350	5.81	11.21	0.00	134.33
Citations	350	56.21	90.29	0.00	751.09
Average	350	2.29	2.11	0.00	7.44
Citations3	350	9.29	15.21	0.00	99.01
H	350	4.23	2.32	0.00	15.21
Profit	350	9.31	2.31	6.33	13.33
Size	350	15.32	1.09	13.32	15.87
Level	350	1.01	0.30	0.05	1.32
Far	350	0.30	0.56	$-$ 2.11	3.33
NEF	350	3.22	3.23	0.04	13.45

It can be seen from Table 1 that if enterprises can rely on high-quality patents as support, they will show a very good trend in various indicators.

3.5 Practical test of conclusions

Through the analysis of Model 1, we can find that the influence of corporate patent quality on corporate performance has been affected by factors such as the corporate patent growth cycle and the actual conversion rate of patents. The relevant theoretical data of Published 2 effectively analyzes the quality and degree of the impact of various factors, and the impact of each influencing factors on corporate benefits is not uniform.

Table 2
Model 1 correlation test

Factor	Profit	Size	Level	Far	Ncf	Citations	Average	Citations3	H
Profit	1.000
Size	0.659	1.000
Level	0.041	0.129	1.000
Far	0.136	0.070	$-$ 0.134	1.000
Ncf	$-$ 0.091	0.043	$-$ 0.009	$-$ 0.081	1.000
Citations	0.099	0.118	$-$ 0.002	0.041	0.099	1.000
Average	$-$ 0.098	$-$ 0.080	$-$ 0.008	$-$ 0.021	$-$ 0.56	0.490	1.000
Citations3	0.232	0.189	0.041	0.098	$-$ 0.01	0.679	0.071	1.000
H	0.121	0.147	0.049	0.004	0.034	0.989	0.569	0.568	1.000

Through the analysis of Model 2, we can find that the influence of corporate patent quality on corporate performance has been affected by factors such as corporate patent duration and the actual conversion rate of patents. The longer the firm’s patent duration, the higher the patent conversion rate, and the more positive the impact on firm performance. The relevant theoretical data of Copy 3 clarify the quality and degree of the impact of various factors.

Table 3

Model 2 related test

Factor	Profit	Size	Level	Far	Ncf	Year6	Year6s
Profit	1.000
Size	0.599	1.000
Level	0.039	0.139	1.000
Far	0.128	0.089	$-$ 0.333	1.000
Ncf	$-$ 0.058	0.053	$-$ 0.069	$-$ 0.181	1.000
Year6	0.129	0.123	0.042	0.076	0.089	1.000
Year6s	0.099	0.181	0.048	0.014	0.066	0.360	1.000

Through the analysis of the correlation between the two middle models, the impact on each variable has a clearer and accurate understanding. It can be seen from Table 3 that after many times debugging, the accuracy of each variable has been significantly improved, then providing an important theoretical basis for the formulation of specific measures.

3.6 Research results and analysis

By analyzing the results of Model 1, we can find that during the patent technology invention of listed companies in 2020, the performance management role of enterprises is very obvious. These companies have effectively promoted the improvement of the economic benefits of the entire enterprise, and the transformation of patent technology has become an important factor. With the continuous extension of the quality and life cycle of enterprise products, the entire enterprise can continuously meet the requirements of enterprise development under the reasonable control and monitoring of performance management, continuously promote the patent invention of enterprises, and continuously move towards new high-tech and high value areas.

Analysis of the results of Model 2 found that in the process of patent technology invention in the 350 listed enterprise companies in 2020, the patent invention of most of its enterprises maintained for less than 6 years. It reflects that under the control of the performance management system, the long-term development of patented technology is not strong, and it has been affected by patent updates and technological innovation. It restricts the long-term development of patents and the construction of enterprises. By building an enterprise performance management system, implementing patent technology invention performance management, continuous improvement of performance management system, maintaining the long-term effective role of patented technology, meeting the actual needs of enterprises in different development stages, and promoting the ability of enterprises to the ability of patent technology inventions at various stages of their development has enabled enterprises to be in an advantageous competitive position in the industry.

4. Data background patent technology promoting performance development measures

The patented technology invention and performance management system of enterprises in the context of big data plays an important role in dependence. At present, the problems of the performance management of the enterprise are still prominent. In the process of patent sustainability and performance management, establish more scientific, comprehensive, and efficient management methods.

4.1 Establish corporate patent performance management specifications relying on big data

Relying on the context of big data and the Internet of Things, the important role of corporate performance management in the process of patent technology invention needs to play the work potential of patent creation talents and give play to its value in product quality updates. Performance management must not only build a comprehensive management mechanism and performance assessment indicators, but also through the development strategy of enterprises in the entire industry field, build a comprehensive performance management indicator system in line with its own development, and achieve enterprises in strict performance assessment management process. The development of corporate patent technology inventions. The implementation of performance management of corporate patent technology must fall into the actual management of professional talents. Through fair assessment and evaluation and transparent quantitative performance management, scientific researchers rely on the strength of their own and their teams in the process of patent technology inventions to achieve the entire great progress of corporate performance. In the process of relying on the various types of training and guidance carried out by the enterprise, it is in line with the overall planning of the enterprise’s patent technology invention, realize the development goals of the enterprise, and improve the overall performance level.

4.2 Enterprise patent technology takes performance as the evaluation standard

Relying on big data and IoT information technology, in the process of implementing corporate performance management methods, we must pay attention to the relationship between enterprises in balanced patent technology inventions and existing technological innovation of the enterprise. Big guarantee. Through the cooperation of the team, the quality of the overall patent technology is improved. At the same time, we must pay attention to the prevention of internal risks of the enterprise, promote the balance of financial management, business processing and performance management. While improving its own development level, focusing on the long-term role of patented technology inventions, and preventing the occurrence of the performance management system, which occurred. The sustainability of performance management is not strong, and contradictions about the competitive advantage of the enterprise must start with the feasibility and objectivity of performance management. By using the data support of big data and the Internet of Things platform, performance management is achieved, and enterprises are promoted. The patent technology has developed in the long run, and the level of patent technology innovation is optimized.

4.3 Highlight the contribution of big data to corporate patent performance

Research confirms that the higher the quality of a company’s patents, the more profitable it is, and the easier it is for performance optimization efforts to yield good results. The big data platform brings new development opportunities for enterprise patent inventions. Enterprises should speed up the construction of big databases and incorporate performance assessment indicators into the process of big data management, so that the management of all aspects of enterprise is more scientific and formal. During the formulation and calculation process of the performance assessment indicators of various departments at all levels, under the huge amount of data, it is necessary to rely on big data processing methods to achieve more scientific and reasonable evaluation and performance management through classified storage and modeling computing assessment. In terms of patented technology invention and innovation, scientific researchers can appreciate the actual contribution and return. At the same time, performance management should be used to promote effective operations and management within the enterprise, reduce the financial risks of the enterprise, and achieve a good development track in competition. In the process of focusing on and improving performance management, we must fully accept and absorb the new ideas of patent technical personnel on the invention of corporate patents. In terms of improving the accuracy and timeliness of performance management work data, it is necessary to rely on the efficient processing methods of big data technology. The entire processing process is scientific and reasonable.

5. Conclusion

The research adopts the method of modeling and analysis, and achieves a high degree of integration of the collected data, which is the advantage of this method. However, due to the complicated algorithm, the research process is long. Therefore, research costs and the quality of researchers have higher requirements. Research confirms that the higher the quality of a company’s patents, the more profitable it is, and the easier it is for performance optimization efforts to yield good results. This article studies the impact of corporate performance management on patent technology invention through the context of big data and the Internet of Things technology. Relying on the patent technology invention of 350 high-tech listed enterprises collected by big data in 2020, the problems that occur in the process of performance management and the performance management methods are analyzed. Based on different influencing factors, build an analysis model, build two different models of analysis methods through the means of regression analysis, and finally propose targeted improvement measures to promote performance management to promote corporate patent technology inventions. In innovative performance management methods, domestic enterprises must accelerate the construction of big data informatization, enhance the professional technology invention capabilities of enterprises at the level of informatization technology, and promote the improvement of enterprises’ economic benefits in the context of big data and the Internet of Things.

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