Proprietary
Adjective: Relating to an ownership or exclusive right to something, often used in the context of products, processes, or information that are owned by a specific individual or company, and protected by legal means such as patents, trademarks, or copyrights. proprietary items often come with restrictions on usage, sharing, or reproduction. They are designed to maintain the competitive advantage of the owner and may be distinguished from generic or open-source alternatives.
Proprietary meaning with examples
- A company developed a proprietary software system that significantly improved their operational efficiency, allowing them to outperform competitors who relied on off-the-shelf solutions. By implementing unique features tailored to their needs, the company capitalized on its proprietary technology to innovate and expand its market presence, highlighting the importance of investing in custom development for competitive advantage.
- The biotechnology firm announced a groundbreaking treatment for a rare disease that was developed using their proprietary research methods. This exclusive approach not only set them apart from rivals but also attracted significant venture capital interest, showcasing the value of owning unique intellectual property that can lead to transformative medical advancements in conditions with previously limited options.
- In academia, researchers are often encouraged to avoid proprietary data when conducting studies. This caution stems from the potential legal issues related to the use of data owned by corporations, which can complicate the reproducibility and transparency of scientific findings. As a result, open-access data sources are preferred to ensure that scholarly work benefits the broader academic community.
- Some smartphone manufacturers utilize proprietary charging ports that limit compatibility with third-party accessories, leading to frustration among consumers. While this decision enhances the brand's ability to control quality and service, it also raises concerns about consumer choice and the environmental impact of producing specialized cables that cannot be reused across different devices.
- When collaborating with tech firms, many startups find it crucial to guard their proprietary algorithms and models. Through non-disclosure agreements (NDAs) and patents, these startups aim to ensure their innovations remain exclusive and are not co-opted by larger entities, underscoring the need for strategic approaches to intellectual property in the fast-paced world of technology.
Proprietary Crossword Answers
14 Letters
PROPRIETORSHIP