Artificial intelligence innovation among mining companies has plummeted over the past year

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Artificial intelligence (AI) research and innovation in the mining industry operations and technology sector has declined over the past year. The latest figures show the number of AI-related patent applications in industry rose to 14 in the three months to January, compared to 37 in the same period of 2020.

Numbers of granted AI-related patents followed a similar trend to filings – falling from 17 in the three months ending January 2020 to three in the same period in 2021.

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key subject areas and linked to key companies in various industries.

AI is one of the key areas tracked by GlobalData. It has been identified as a key disruptive force that companies will face in the years to come, and it is one of the areas where companies currently investing resources should reap rewards. The numbers also provide insight into the biggest innovators in the industry.

Honeywell International was the leading AI innovator in mining operations and technology in the last quarter. The US-headquartered company filed 21 AI-related patents in the three months to January. This figure was down from 57 over the same period in 2020.

It was followed by US-based Caterpillar with five AI patent applications and Japan-based Komatsu (2 applications).

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