The global power industry experienced a 63% drop in company filings mentions of internet of things in Q3 2023 compared with the previous quarter, with the highest share accounted for by WEC Energy Group with 157% year-on-year increase, according to GlobalData’s analysis of over 105 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, internet of things was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of social and artificial intelligence, according to GlobalData.
Of the top leading companies in the power industry, WEC Energy Group had the greatest increase in references for internet of things in Q3 2023, compared with the previous quarter. GlobalData identified 18 internet of things-related sentences in the company's filings - 0.6% of all sentences - and an increase of 157% in Q3 2023 compared with Q3 2022. American Water Works’s mentions of internet of things rose by 275% to 15 and Siemens’s by 81% to 14 and Power Grid Corporation of India’s by 29% to 5 and Enphase Energy’s by 200% to 3.
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 internet of things in Q3 2023 was 101.
For further understanding of GlobalData's Power: Filings Trends & Signals Q3 2023, buy the report here.
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