The global power industry experienced a 52% drop in company filings mentions of artificial intelligence in Q3 2023 compared with the previous quarter, with the highest share accounted for by Schneider Electric with 17% year-on-year decrease, according to GlobalDataâ€™s analysis of over 102 power company filings. GlobalData’s Power: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, artificial intelligence was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of sensory & indulgence and experience economy, according to GlobalData.
Of the top leading companies in the power industry, Schneider Electric had the greatest increase in references for artificial intelligence in Q3 2023, compared with the previous quarter. GlobalData identified five artificial intelligence-related sentences in the company's filings - 1% of all sentences - and a decrease of 17% in Q3 2023 compared with Q3 2022. Edison Internationalâ€™s mentions of artificial intelligence rose by 100% to 4 and Siemensâ€™s by 83% to 2 and American Water Worksâ€™s by 50% to 1 and Hydro Oneâ€™s by 67% to 1.
GlobalDataâ€™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 Q3 2023 was 103.
For further understanding of GlobalData's Power: Filings Trends & Signals Q3 2023, buy the report here.