Filings buzz in the automotive industry: 15% increase in big data mentions in Q4 of 2021

Mentions of massive info inside of the filings of providers in the automotive field rose 15% among the third and fourth quarters of 2021.

In overall, the frequency of sentences relevant to big knowledge through 2021 was 45% bigger than in 2016 when GlobalData, from whom our data for this write-up is taken, initial began to keep track of the crucial challenges referred to in company filings.

When providers in the automotive marketplace publish yearly and quarterly reports, ESG experiences and other filings, GlobalData analyses the textual content and identifies specific sentences that relate to disruptive forces experiencing corporations in the coming several years. Significant facts is one particular of these matters – firms that excel and make investments in these spots are thought to be much better well prepared for the potential business landscape and much better outfitted to endure unforeseen troubles.

To assess no matter if huge knowledge is that includes much more in the summaries and methods of businesses in the automotive marketplace, two measures had been calculated. For starters, we appeared at the percentage of firms which have pointed out huge knowledge at the very least as soon as in filings in the course of the earlier twelve months – this was 59% when compared to 40% in 2016. Secondly, we calculated the share of total analysed sentences that referred to major details.

Of the 10 largest companies in the automotive field, Toyota was the firm which referred to significant info the most in the course of 2021. GlobalData discovered 15 large data-linked sentences in the Japan-based company’s filings – .2% of all sentences. Ford described significant knowledge the 2nd most – the concern was referred to in .16% of sentences in the firm’s filings. Other top businesses with large major data mentions included Mercedes-Benz, Lear and Stellantis.

Across all organizations in the automotive market the filing posted in the fourth quarter of 2021 which exhibited the best target on large knowledge came from GM. Of the document’s 2,744 sentences, 11 (.4%) referred to large knowledge.

This examination supplies an approximate indication of which providers are focusing on major info and how crucial the problem is viewed as within the automotive market, but it also has limits and should really be interpreted cautiously. For illustration, a corporation mentioning big data additional on a regular basis is not essentially evidence that they are utilising new tactics or prioritising the issue, nor does it reveal regardless of whether the company’s ventures into significant info have been successes or failures.

GlobalData also categorises significant data mentions by a series of subthemes. Of these subthemes, the most normally referred to subject in the fourth quarter of 2021 was ‘data analytics’, which produced up 62% of all huge knowledge subtheme mentions by corporations in the automotive industry.