Metals & Mining News

Mentions of artificial intelligence decreased in the mining industry in Q3 2022

The global mining industry experienced 26% drop in company filings mentions of artificial intelligence in Q3 2022 compared with the previous quarter, with the highest share accounted for by Hindustan Zinc with 87% year-on-year decrease according to GlobalData’s analysis of over 101 mining company filings.

Notably, artificial intelligence was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of Big Data and Cloud , according to GlobalData.

Of the 50 leading companies in the mining industry, Hindustan Zinc had the greatest increase in references for artificial intelligence in Q3 2022, compared with the previous quarter. GlobalData identified 15 artificial intelligence -related sentences in the company’s filings – 15 % of all sentences – and an increase of 100% in Q3 2022 compared with Q2 2022. JSW Steel’s mentions of artificial intelligence rose by 44% to 13 and Hindalco Industries’s by 100% to 7.

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 Q3 2022 was 115.

To further understand the key themes and technologies driving filing sentiment in the mining industry, access GlobalData’s latest thematic research reports.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.

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