The global power industry experienced a 47% drop in company filings mentions of digitalization in Q2 2023 compared with the previous quarter, with the highest share accounted for by Enel with 13% year-on-year decrease, according to GlobalData’s analysis of over 237 power company filings. GlobalData’s Power Industry Top 20 Themes Predictions for 2023 – Thematic Intelligence report identifies how digitalisation through key themes such as AI, big data, and smart grid impact the power sector. It includes a series of predictions and the winners and losers in each of the key themes. Buy the report here.
Notably, digitalization was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of edge computing and social media, according to GlobalData.
Of the top leading companies in the power industry, Enel had the greatest increase in references for digitalization in Q2 2023, compared with the previous quarter. GlobalData identified 184 digitalization-related sentences in the company's filings - 3% of all sentences - and a decrease of 13% in Q2 2023 compared with Q2 2022. Tenaga Nasional’s mentions of digitalization rose by 84% to 68 and Uniper’s by 71% to 60 and Adani Transmission’s by 614% to 50 and ABB India’s by 13% to 21.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for digitalization in Q2 2023 was 100.
For further understanding of GlobalData's Power Industry Top 20 Themes Predictions for 2023 – Thematic Intelligence buy the report here.