The mention of Internet of things decreased in the construction industry in Q3 2022 | Jobs Recent

The global construction industry saw a 61% decrease in corporate registrations for the Internet of Things in Q3 2022 compared to the previous quarter, with the largest share accounted for by Larsen & Toubro with an increase of 29% year-on-year, according to GlobalData analysis. of more than 274 construction companies.

Notably, the Internet of Things was one of the most talked about topics in Q3 2022, ranking highest in terms of mentions, ahead of big data communications, according to GlobalData.

Among the 50 leading companies in the construction industry, Larsen & Toubro had the largest increase in Internet of Things references in Q3 2022, compared to the previous quarter. GlobalData identified 40 internet of things related phrases in company filings – 15% of all phrases – and a 1900% increase in Q3 2022 compared to Q2 2022. What AvalonBay Communities said about the internet of things rose 100% to 12 and UltraTech Cement’s 100% to 11.

GlobalData’s Company Filings Analytics also applies a sentence weight to reference sentences, based on whether the sentences are positive, negative, or neutral. From 100 in 2020, an index above 100 is the best. The overall index for the internet of things in Q3 2022 was 101.

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