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March 23, 2022updated 21 Mar 2022 10:41am

Big data innovation among power industry companies has dropped off in the last year

Analysis of patent filings shows a shrinking level of big data related applications in the industry over the past year

By Data Journalism Team

Research and innovation in big data in the power industry operations and technologies sector has declined in the last year. The most recent figures show that the number of big data related patent applications in the industry stood at 33 in the three months ending January – down from 51 over the same period in 2021.

Figures for patent grants related to big data followed a similar pattern to filings – shrinking from 34 in the three months ending January 2021 to 28 in the same period in 2022.

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 thematic areas, and linked to key companies across various industries.

Big data is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from. The figures also provide an insight into the largest innovators in the sector.

Honeywell International was the top big data innovator in the power industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the US, filed 36 big data related patents in the three months ending January. That was the same as 36 over the same period in 2021.

It was followed by the Germany-based Siemens with 14 big data patent applications, the US-based 3M (2 applications), and Switzerland-based ABB (2 applications).

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