Mentions of internet of things decreased by 42% in the mining industry in Q4 2022
The highest share of the decline in IoT mentions was accounted for by Impala Platinum, with a 20% year-on-year decrease.
The global mining industry experienced a 42% drop in company filings mentions of internet of things (IoT) in Q4 2022 compared with the previous quarter, according to GlobalData’s analysis of over 125 mining company filings.
Notably, IoT was one of the most frequently-referenced themes in Q4 2022, ranking highest in terms of mentions, ahead of robotics and environment, according to GlobalData. However, the most recent decline in mentions of IoT suggests that despite general industry interest in the topic, this interest is waning, perhaps as mining companies explore other forms of innovative technology.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for IoT in Q4 2022 was 106, suggesting a largely neutral impression among mining majors.
This lack of enthusiasm for new innovation in the sector could be a contributing factor towards the relative decline in IoT discussions in this space, as companies see IoT increasingly as an interesting but small-scale aspect of mining operations, as opposed to a new, cutting-edge process of greater potential.