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January 19, 2022updated 14 Jan 2022 4:26pm

Mining industry companies are increasingly innovating in internet of things

By Data Journalism Team

Research and innovation in internet of things (IoT) in the mining industry operations and technologies sector is on the rise.

The most recent figures show that the number of IoT patent applications in the industry stood at 14 in the three months ending November – up from nine over the same period last year.

Figures for patent grants related to IoT followed a different pattern to filings – shrinking from 11 in the three months ending November last year to seven this year.

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.

IoT 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.

Caterpillar Inc was the top internet of things innovator in the mining industry operations and technologies sector in the last quarter. The company, which has its headquarters in the US, filed eight IoT related patents in the three months ending November. That was up from five over the same period last year.

It was followed by the Sweden-based Atlas Copco AB with four IoT patent applications, Germany-based ThyssenKrupp AG (2 applications), and South Korea-based POSCO (1 applications).

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