Mentions of cloud increased in the automotive industry in Q1 2023 – just-auto.com

Notably, cloud was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of Covid-19 and robotics, according to GlobalData.

Of the 50 leading companies in the automotive industry, Rivian Automotive had the greatest increase in references for cloud in Q1 2023, compared with the previous quarter. GlobalData identified 9 cloud-related sentences in the company's filings - 14% of all sentences - and an increase of 200% in Q1 2023 compared with Q4 2022. Mercedes-Benz Group's mentions of cloud rose by 300% to 4 and Ford Motor's by 200% to 3 and Lucid Group's by 100% to 2 and Li Auto's by 100% to 1.

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 cloud in Q1 2023 was 101.

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

GlobalDatas 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 worlds largest industries.

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Mentions of cloud increased in the automotive industry in Q1 2023 - just-auto.com