In today’s day and age, the sanctity of our intellectual property can only be as safe as our computers and storage devices are. Given the intangible nature of this asset, it must necessarily be saved on a digital storage device. This presents a challenge to safeguard intangible property, as most digital storage platforms are really not the safest place to store something. Given the rampant data theft, violation, loss, and breach, it wouldn’t be too farfetched to say most storage platforms really are not the safest platforms to save your data.
For most companies, their intangible asset is their source of enduring competitive advantage over their competitors, and it is imperative for them that this advantage is not lost at any cost. From the software and IT industry to the pharmaceutical industry, no company in the world can sustain their profitability without securing their intellectual assets. Moreover, issues of jurisdiction and product emulation prevent any legal recourse, which again is an important reason for reconsidering the best possible way of preventing infringement of property rights.
The sad truth that, at times, even employees may steal valuable intellectual property and sell to the highest bidder in the black market. As such, it is important that all companies use a few imperative measures to protect themselves from theft, violation, breach and emulation of intellectual property. By the very intangible nature of this type of property, its protection necessarily means safeguarding storage devices and data, on which intangible property is saved. As such, the most effective means of protecting these assets is by a few innovative data protection measures.
Using reliable network management to protect data is perhaps an important step in securing a company’s inventory of data which contains this valuable property. For this, using the most advanced and secure network protocols are necessary, and no compromise should be made on price. Under weak network security, any valuable data company’s data is just waiting to be devoured.
Another important step in protecting intellectual property, stored on digital platforms ensuring that all clients, partners and employees of a company are trustworthy, and would not sell company’s valuable information whenever possible. Of course, trusting someone is always difficult, yet it is important that the company’s valuable intellectual property is not threatened by those who profit at the expense of their company.