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January 21, 2022updated 14 Jan 2022 4:26pm

Revealed: the mining companies leading the way in internet of things

By Data Journalism Team

Fortescue Metals and Vale are among the companies best positioned to take advantage of future internet of things (IoT) disruption in the mining industry, our analysis shows.

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The assessment comes from GlobalData’s Thematic Research ecosystem, which ranks companies on a scale of one to five based on their likelihood to tackle challenges like Internet of Things and emerge as long-term winners of the mining sector.

According to our analysis, Fortescue Metals, Vale, Rio Tinto, and BHP are the companies best positioned to benefit from investments in IoT, all of them recording scores of five out of five in GlobalData’s Mining Thematic Scorecard.

The table below shows how GlobalData analysts scored the biggest companies in the mining industry on their IoT performance, as well as the number of new IoT jobs, deals, patents, and mentions in company reports since January 2021.

The final column in the table represents the overall score given to that company when it comes to their current IoT position relative to their peers. A score of five indicates that a company is a dominant player in this space, while companies that score less than three are vulnerable to being left behind. These can be read fairly straightforwardly.

The other datapoints in the table are more nuanced, showcasing recent Internet of Things investment across a range of areas over the past year. These metrics give an indication of whether IoT is at the top of executives’ minds now, but high numbers in these fields are just as likely to represent desperate attempts to catch-up as they are genuine strength in IoT.

For example, a high number of mentions of IoT in quarterly company filings could indicate either the company is reaping the rewards of previous investments, or it needs to invest more to catch up with the rest of the industry. Similarly, a high number of deals could indicate that a company is dominating the market, or that it is using mergers and acquisitions to fill in gaps in its offering.

This article is based on GlobalData research figures as of 13 January 2022. For more up-to-date figures, check the GlobalData website.

Related Companies

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

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