The global mining industry experienced a 31% drop in company filings mentions of artificial intelligence in Q2 2023 compared with the previous quarter, with the highest share accounted for by ABB with 53% year-on-year decrease, according to GlobalData’s analysis of over 111 mining company filings. The growing application of Artificial Intelligence will prove to have a transformative impact across multiple sectors. 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 advanced materials and low cost evolution, according to GlobalData.
Of the top leading companies in the mining industry, ABB had the greatest increase in references for artificial intelligence in Q2 2023, compared with the previous quarter. GlobalData identified 18 artificial intelligence-related sentences in the company's filings - 6% of all sentences - and a decrease of 53% in Q2 2023 compared with Q2 2022. CNH Industrial’s mentions of artificial intelligence dropped by 25% to 6 and Caterpillar’s by 25% 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 117.
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.