Machine Learning Datasets: Build Or Buy?

IFI CLAIMS Patent Services has a global patent database with more than 110 million records from about 100 countries that the company has painstakingly assembled over the years. "We take information from different data sources and we standardize it and put it in a usable format that companies can either access directly or they can build a user interface on top of it," Director of Marketing Catherine Suski said. Could the company have acquired this comprehensive dataset instead? There is nothing like it in the world, she said. Furthermore the company is continually adding to it and monitoring it for quality.