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Mining companies are increasingly innovating in the cloud

Mining companies are increasingly innovating in the cloud
 
    An analysis of patent filings shows a growing number of industry-related applications over the past year, and cloud research and innovation in mining operations and technology is on the rise. The latest figures show 29 related patent applications in the industry in the three months to February, up from 10 in the same period in 2021.
 
    Patent grant data related to filings followed a different pattern – from 11 in the three months to February 2021 to 6 in the same period in 2022.
 
    Cloud-related innovation in mining has increased over the past three months The number of related patents and grants related to mining operations and technology companies, on a three-month basis.



     The data is compiled by GlobalData, a company that tracks patent filings and grants from official offices around the world. Using text analysis along with official patent classifications, these patents are grouped into key subject areas and associated with key companies in various industries.
 
 
    Cloud is one of the key areas that GlobalData tracks. It has been identified as a key disruptive force facing companies in the coming years and is one of the areas where companies are now expected to invest their resources to pay off. The data also provides insight into the industry's biggest innovators.
 
    Honeywell International was the top innovator in mining operations and technology in the most recent quarter. Headquartered in the United States, the company filed 60 related patents in the three months to February. This is up from 24 in the same period in 2021.
 
    It was followed by Atlas Copco of Sweden (10 patent applications), Sweden's Sandvik (3 applications) and Japan's Komatsu (1 application).
 
    Honeywell International has recently ramped up its cloud R&D efforts. Related patent filings rose 60% in the three months to February compared to the same period in 2021 – the highest growth rate of any company with more than 10 quarterly patents in mining operations and technology.

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