Technology

Technology is a powerful intangible asset because it represents knowledge and expertise manifesting as physical objects or processes. Technology is when ideas, inventions, processes, software, algorithms and know-how come to life and present measurable economic benefits to the owner. Technologies can be protected through patents, copyrights or trade secrets, which grant exclusive rights to make sure nobody else copies or uses a special idea without permission. Just as your amazing app or recipe holds value for you, a company’s technology can be the secret sauce that helps it stand out and be successful in the marketplace.