Research and innovation in cloud in the mining industry operations and technologies sector has declined in the last year.
The most recent figures show that the number of related patent applications in the industry stood at 99 in the three months ending May – down from 142 over the same period in 2021.
Figures for patent grants related to followed a similar pattern to filings – shrinking from 106 in the three months ending May 2021 to 92 in the same period in 2022.
The figures are compiled by GlobalData, which tracks 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.
Cloud 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 was the top innovator in the mining industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the US, filed 74 related patents in the three months ending May. That was down from 99 over the same period in 2021.