Jobs

Hiring activity related to Internet of Things decreased by a CAGR of 9% in the mining industry since 2021

Credit: Bert van Dijk/Getty images.

The global mining industry witnessed a 9% decline in compound annual growth rate (CAGR) in new job postings related to Internet of Things since 2021, according to GlobalData's Job Analytics database. New job postings increased by 39% year-on-year in 2022 and decreased by 41% year-on-year in 2023.

Notably, computer and mathematical occupations jobs accounted for 56% share of the global mining industry’s Internet of Things-related new job postings since 2021.

Computer and mathematical occupations drive Internet of Things-related hiring activity

Computer and mathematical occupations, with a share of 56%, emerged as the top Internet of Things-related job roles within the mining industry since 2021, with new job postings rising by 100% year-on-year in 2022 and by 16% year-on-year in 2023.

Management occupations came in second with a share of 16%, with new job postings rising by 73% year-on-year in 2022 and by 25% year-on-year in 2023.

The other prominent Internet of Things roles include architecture and engineering occupations with a 9% share, sales and related occupations with a 5% share and production occupations with a 3% share.

The top five companies in the mining industry accounted for 70% of hiring activity

The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2021 were Eaton, ABB, Komatsu, Caterpillar, and Atlas Copco. Together they accounted for a combined share of 68% of all Internet of Things-related new jobs in the mining industry.

Eaton posted 2,003 Internet of Things-related jobs since 2021, followed by ABB with 1,955 jobs, and Komatsu with 1,269 jobs, according to GlobalData’s Job Analytics database.

New job postings by Eaton increased by 102% year-on-year in 2022 and decreased by 67% year-on-year in 2023, while those by ABB decreased by 6% in 2022 and by 28% in 2023.

Hiring activity was driven by the US with a 38% share of total new job postings since 2021

The largest share of Internet of Things-related new job postings in the mining industry since 2021 was in the US with 38%, followed by India (11%) and Canada (11%). The share represented by the US decreased by eight percentage points from 43% in 2022 to 35% in 2023.

G lobalDat a, the leading provider of industry intelligence, provided the underlying data, research, and analysis;used to produce this article.

GlobalData’s Job Analytics database uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries.

02/16/2024 22:26:00

Patents

Patent applications related to IoT witnessed 7% average annual decline in the mining industry since 2021

Credit: Bert van Dijk/Getty images.

The global mining industry experienced a -7% annual average growth rate (AAGR) in the number of IoT-related patent applications between 2021 and 2023. The total number of IoT-related grants decreased by an AAGR of 20% during the same period, according to GlobalData's patent analytics database.

Notably, the number of IoT-related patent applications in the mining industry was 99 since 2021, while 68 applications were granted.

The top five assignees by filings accounted for 39% of patent applications

Analysis of patent applications by assignee shows that OffWorld filed the most IoT patents within the mining industry since 2021. The company filed 11 IoT-related patents since 2021.

It was followed by China Baowu Steel Group (7 applications), King Abdullah University of Science and Technology (4 applications), China Railway Group (3 applications) and Tian Di Science & Technology (3 applications).

The top five assignees by grants accounted for 43% of successful patent grants

Analysis of patent grants by assignee shows that Stellantis was granted 8 patents related to IoT within the mining industry since 2021. It was followed by China Baowu Steel Group (3 grants), Heraeus Holding (2 grants), Uni-President Enterprises (2 grants) and University of South China (2 grants).

Patent activity was driven by China with a 78% share of total patent publications

The largest share of IoT-related patent publications in the mining industry since 2021 was held by China with 78%, followed by the US (6%) and South Korea (4%).

G lobalDat a, the leading provider of industry intelligence, provided the underlying data, research, and analysis;used to produce this article.

GlobalData’s Patents Analytics tracks patent filings and grants from official patent offices around the world. Proprietary analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.

02/16/2024 22:26:00

Filings

Mentions of Internet of Things increased by a CAGR of 12% in the mining industry since 2021

Credit: Bert van Dijk/Getty images.

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.

G lobalDat a, 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.

02/16/2024 22:26:00