Filings
Mentions of cloud increased by a CAGR of 64% in the mining industry since 2020
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The global mining industry experienced a 64% rise in compound annual growth rate (CAGR) in company filings mentions of cloud since 2020. Key companies in terms of mentions include Sims, Coal India and China Steel, according to GlobalData’s analysis of over 900 mining company filings.
Notably, since 2020, cloud was among the five most referenced technology themes in terms of mentions, ahead of big data, internet of things (IoT) and artificial intelligence, according to GlobalData's Company Filings database. Mentions related to cloud increased by 36% year-on-year in 2021 and by 10% year-on-year in 2022.
Top five companies by mentions of cloud in the global mining industry since 2020
Of the 50 leading companies in the mining industry, Steel & Tube Holdings had the highest year-on-year increase in references to cloud in 2022. GlobalData identified 45 cloud-related sentences in the company's filings in 2022, 6% of all sentences. Meanwhile, Minim had the highest year-on-year increase in references for cloud in 2021. GlobalData identified 40 cloud related sentences in the company's filings in 2021, 7% of all sentences.
Company filings sentiment related to cloud in the global mining industry since 2020
GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for cloud in 2022 was 0.84, which was more positive compared to the average industry sentiment of 0.62.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
Global Data’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
