Mentions of Internet of Things increased by a CAGR of 12% in the mining industry since 2021
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The global mining industry experienced a 12% rise in compound annual growth rate (CAGR) in company filings mentions of Internet of Things since 2021. Key companies in terms of mentions include CPS Technologies, Shanghai Electric Group, and Shivalik Bimetal Controls, according to GlobalData’s analysis of over 1,600 mining company filings.
Notably, since 2021, Internet of Things was the most referenced theme in terms of mentions, ahead of artificial intelligence, big data and cloud, according to GlobalData's Company Filings database. Mentions related to Internet of Things increased by 6% year-on-year in 2022 and decreased by 35% year-on-year in 2023.
Top five companies by mentions of Internet of Things in the global mining industry since 2021
Of the 50 leading companies in the mining industry, Shivalik Bimetal Controls had the highest year-on-year increase in references to Internet of Things in 2023. GlobalData identified 57 Internet of Things related sentences in the company's filings in 2023, 7% of all sentences. Meanwhile, Mt Malcolm Mines NL had the highest year-on-year increase in references for Internet of Things in 2022. GlobalData identified 42 Internet of Things related sentences in the company's filings in 2022, 5% of all sentences.
Company filings sentiment related to Internet of Things in the global mining industry since 2021
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 Internet of Things in 2023 was 0.86, which was more positive compared to the average industry sentiment of 0.64.
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.