The global power industry experienced a 48% drop in company filings mentions of artificial intelligence in Q2 2023 compared with the previous quarter, with the highest share accounted for by ABB India with 56% year-on-year increase, according to GlobalData’s analysis of over 131 power company filings. The growing application of Artificial Intelligence will prove to have a transformative impact across power sector. GlobalData’s Artificial Intelligence (AI) Market Size, Share, Trends, Analysis and Forecast report helps keep abreast of the latest trends in Artificial Intelligence, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, artificial intelligence was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of environment and plant-based diets, according to GlobalData.
Of the top leading companies in the power industry, ABB India had the greatest increase in references for artificial intelligence in Q2 2023, compared with the previous quarter. GlobalData identified 28 artificial intelligence-related sentences in the company's filings - 0.8% of all sentences - and an increase of 56% in Q2 2023 compared with Q2 2022. Tenaga Nasional’s mentions of artificial intelligence dropped by 4% to 23 and Enel’s by 54% to 13 and Edison International’s by 31% to 9 and Uniper’s by 400% to 5.
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 artificial intelligence in Q2 2023 was 105.
To further understand GlobalData's analysis on Artificial Intelligence (AI) Market Size, Share, Trends, Analysis and Forecast by Product/Service (Specialized AI Applications, AI Hardware, AI Platforms, AI Consulting and Support Services), Enterprise Size Band, Vertical and Region, 2021-2026, buy the report here.