Filings buzz within the automotive trade: 91% enhance in cloud computing mentions since Q2 of 2021

Mentions of cloud computing inside the filings of corporations within the automotive trade had been 91% greater within the second quarter of 2022 than in Q2 of 2021.

In whole, the frequency of sentences associated to cloud computing between July 2021 and June 2022 was 117% greater than in 2016 when GlobalData, from whom our information for this text is taken, first started to trace the important thing points referred to in firm filings.

When corporations within the automotive trade publish annual and quarterly studies, ESG studies and different filings, GlobalData analyses the textual content and identifies particular person sentences that relate to disruptive forces going through corporations within the coming years. Cloud computing is certainly one of these subjects – corporations that excel and spend money on these areas are regarded as higher ready for the longer term enterprise panorama and higher outfitted to outlive unexpected challenges.

To evaluate whether or not cloud computing is that includes extra within the summaries and techniques of corporations within the automotive trade, two measures had been calculated. Firstly, we appeared on the proportion of corporations which have talked about cloud computing at the very least as soon as in filings in the course of the previous twelve months – this was 50% in comparison with 30% in 2016. Secondly, we calculated the proportion of whole analysed sentences that referred to cloud computing.

Of the ten largest employers within the automotive trade, Lear was the corporate which referred to cloud computing probably the most between July 2021 and June 2022. GlobalData recognized 14 cloud-related sentences within the United States-based firm’s filings – 0.3% of all sentences. Denso talked about cloud computing the second most – the problem was referred to in 0.2% of sentences within the firm’s filings. Different prime employers with excessive cloud mentions included GM, Stellantis and Toyota.

Throughout all corporations within the automotive trade the submitting revealed within the second quarter of 2022 which exhibited the best concentrate on cloud computing got here from NIO. Of the doc’s 6,610 sentences, 14 (0.2%) referred to cloud computing.

This evaluation supplies an approximate indication of which corporations are specializing in cloud computing and the way vital the problem is taken into account inside the automotive trade, nevertheless it additionally has limitations and ought to be interpreted fastidiously. For instance, an organization mentioning cloud computing extra usually will not be essentially proof that they’re utilising new strategies or prioritising the problem, nor does it point out whether or not the corporate’s ventures into cloud computing have been successes or failures.

Within the final quarter, corporations within the automotive trade primarily based in Western Europe had been more than likely to say cloud computing with 0.07% of sentences in firm filings referring to the problem. In distinction, corporations with their headquarters in Asia talked about cloud computing in simply 0.04% of sentences.