Filings buzz in the automotive industry: 81% increase in cloud computing mentions in Q1 of 2022

Raymond S. Hughes

Mentions of cloud computing inside of the filings of firms in the automotive industry rose 81% concerning the ultimate quarter of 2021 and the to start with quarter of 2022.

In overall, the frequency of sentences relevant to cloud computing among April 2021 and March 2022 was 75% higher than in 2016 when GlobalData, from whom our facts for this short article is taken, to start with began to track the key problems referred to in company filings.

When companies in the automotive marketplace publish once-a-year and quarterly reports, ESG studies and other filings, GlobalData analyses the textual content and identifies unique sentences that relate to disruptive forces going through corporations in the coming several years. Cloud computing is one particular of these topics – providers that excel and invest in these places are believed to be far better ready for the long term small business landscape and improved equipped to endure unforeseen troubles.

To evaluate whether or not cloud computing is that includes extra in the summaries and methods of businesses in the automotive market, two steps were being calculated. First of all, we appeared at the share of firms which have stated cloud computing at the very least at the time in filings through the previous twelve months – this was 45% compared to 29% in 2016. Next, we calculated the proportion of overall analysed sentences that referred to cloud computing.

Of the 10 largest companies in the automotive business, Lear was the company which referred to cloud computing the most between April 2021 and March 2022. GlobalData recognized 12 cloud-similar sentences in the United States-primarily based firm’s filings – .2% of all sentences. Denso talked about cloud computing the next most – the situation was referred to in .13% of sentences in the firm’s filings. Other top companies with large cloud mentions provided Mercedes-Benz, Toyota and Magna.

Throughout all companies in the automotive business the filing released in the very first quarter of 2022 which exhibited the biggest concentration on cloud computing arrived from Inchcape. Of the document’s 3,092 sentences, 15 (.5%) referred to cloud computing.

This assessment presents an approximate indicator of which corporations are concentrating on cloud computing and how significant the situation is regarded as within the automotive marketplace, but it also has restrictions and ought to be interpreted thoroughly. For case in point, a company mentioning cloud computing additional often is not automatically proof that they are utilising new tactics or prioritising the challenge, nor does it suggest whether or not the company’s ventures into cloud computing have been successes or failures.

In the last quarter, companies in the automotive industry centered in Western Europe were being most probably to mention cloud computing with .07% of sentences in business filings referring to the concern. In distinction, businesses with their headquarters in Asia pointed out cloud computing in just .02% of sentences.

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