Reflecting on the landscape of global business discussions in 2023, the spotlight turned to India and artificial intelligence (AI) as pivotal subjects among companies. This shift in focus was highlighted in a recent analysis by GlobalData’s Company Filings Analytics Database, shedding light on the evolving sentiments within the industrial and consumer sectors. The comprehensive study titled “Company Filings Analytics Trends & Signals–2023” provided an in-depth examination of business sentiments across various industries, including travel & tourism, aerospace, defense & security, automotive, construction, foodservice, agriculture, and forestry. Each of these sectors experienced positive sentiment trends on a year-on-year basis, with India standing out for its significant mentions and upbeat sentiment.
The report also identified Italy, Mexico, Saudi Arabia, and Ukraine as countries witnessing similar uplifts in business sentiment. In addition to geographical trends, specific themes such as supply chain management, AI, inflation, and the metaverse saw a surge in discussions among the corporate realm.
Misa Singh, a Business Fundamentals Analyst at GlobalData, highlighted the diverse applications of AI being explored within the business community, ranging from big data analytics to conversational and generative AI. Notable corporate endeavors include Wipro Ltd’s investment in AI pilot programs aimed at foundational developments in the metaverse, digital marketing, and other key areas. Similarly, Dick’s Sporting Goods Inc is leveraging technology and data science to refine its pricing strategies and enhance customer engagement.
In a move that underscores the growing interest in India as a strategic market, Exxon Mobil Corp announced plans to establish a lubricants manufacturing facility in Raigad, aiming to produce 159,000 kiloliters of finished lubricants annually by the end of 2025. This initiative is poised to cater to the increasing demand within the Indian market.
Emerging technologies such as Counter-Drone Technologies and Quantum Computing also received heightened attention, indicating a broad spectrum of innovation within the corporate sector. Singh’s concluding remarks emphasized the ongoing commitment of companies to innovate, invest, and strategize in response to challenges like supply chain disruptions, with a focus on improving operational efficiencies and performance.
