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September 6, 2022

Cybersecurity innovation among mining industry companies dropped off in the last quarter

Analysis of patent filings shows an decrease in related applications in the industry following a rise over the past three months, compared to last year

By Data Journalism Team

Research and innovation in cybersecurity in the mining industry operations and technologies sector has declined in the last quarter – but remains higher than it was a year ago.

The most recent figures show that the number of related patent applications in the industry stood at 24 in the three months ending July – up from 8 over the same period in 2021.

Figures for patent grants related to followed a different pattern to filings – shrinking from 17 in the three months ending July 2021 to 13 in the same period in 2022.

The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

The figures also provide an insight into the largest innovators in the sector.

Honeywell International Inc was the top innovator in the mining industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the United States, filed 20 related patents in the three months ending July. That was up from 6 over the same period in 2021.

It was followed by the United States based Caterpillar Inc with 2 patent applications, Japan based Komatsu Ltd (1 applications), and Japan based Nippon Steel Corp (1 applications).

Honeywell International Inc has recently ramped up R&D in . It saw growth of 70% in related patent applications in the three months ending July compared to the same period in 2021 - the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the mining industry operations and technologies sector.

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