India and AI Trend in Companies Discussions in 2023, Reveals GlobalData Report

Industrials and consumer industries business sentiment improves

Amidst market dynamics in 2023, global business sentiment witnessed a dip compared to the preceding year. India and artificial intelligence (AI) were widely discussed by companies during the year. There was a notable improvement in sentiment within industrial and consumer industries, reveals the Company Filings Analytics Database of GlobalData, a leading data and analytics company.

GlobalData’s latest report, “Company Filings Analytics Trends & Signals–2023,” reveals that industries such as travel & tourism, aerospace, defense & security, automotive, construction, foodservice, and agriculture and forestry were trending with year-on-year (YoY) sentiment gains. India had high mentions with improved sentiment. Other key countries with improved sentiment include Italy, Mexico, Saudi Arabia, and Ukraine.

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There was a notable growth in mentions for themes such as supply chain, AI, inflation, and the metaverse.

Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “Around AI, businesses were discussing big data analytics, conversational and generative AI.”

Wipro Ltd invested in AI pilot programs to build foundational models for areas such as metaverse and digital marketing, programming code and synthetic data, digital twin, simulation and testing, enterprise knowledge, and skill development. Dick’s Sporting Goods Inc is looking at technology and data science to improve pricing strategy, digital marketing, and personalization capabilities.

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Exxon Mobil Corp plans to build a lubricants manufacturing plant in Raigad, India, which is expected to produce 159,000 kiloliters of finished lubricants per year. This will help meet the demand growth in india, with startup expected by year-end 2025.

Other themes with high growth in mentions include Counter-Drone Technologies and Quantum Computing.

Singh concludes: “Companies are focused on innovation, investments, and strategies to address the challenges such as supply chain disruptions. They are also emphasizing on measures to improve and enhance operational performance.”

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