Mentions of digitalization within just the filings of businesses in the automotive business had been 21% bigger in the second quarter of 2021 than in Q2 of 2020.

In total, the frequency of sentences associated to digitalization involving July 2020 and June 2021 was 108% higher than in 2016 when GlobalData, from whom our knowledge for this write-up is taken, very first commenced to keep track of the crucial issues referred to in organization filings.

When organizations in the automotive sector publish once-a-year and quarterly stories, ESG experiences and other filings, GlobalData analyses the text and identifies particular person sentences that relate to disruptive forces dealing with companies in the coming yrs. Digitalization is a person of these topics – firms that excel and spend in these locations are considered to be superior geared up for the potential organization landscape and greater outfitted to survive unexpected issues.

To evaluate whether digitalization is that includes extra in the summaries and techniques of companies in the automotive marketplace, two actions were being calculated. To begin with, we looked at the proportion of companies which have stated digitalization at least as soon as in filings during the earlier twelve months – this was 88% compared to 46% in 2016. Next, we calculated the share of complete analysed sentences that referred to digitalization.

Of the 50 largest employers in the automotive field, Bridgestone Corp was the enterprise which referred to digitalization the most among July 2020 and June 2021. GlobalData discovered 70 digitalization-linked sentences in the Japan-based firm’s filings – 1.1% of all sentences. Faurecia SA mentioned digitalization the second most – the concern was referred to in .9% of sentences in the company’s filings. Other leading employers with substantial digitalization mentions bundled Daimler AG, Pirelli & C. SpA and Schaeffler AG.

Throughout all companies in the automotive marketplace the submitting published in the 2nd quarter of 2021 which exhibited the greatest target on digitalization arrived from Bridgestone Corp. Of the document’s 1,154 sentences, 16 (1.4%) referred to digitalization.

This examination delivers an approximate sign of which providers are focusing on digitalization and how essential the concern is thought of in the automotive sector, but it also has restrictions and should really be interpreted carefully. For instance, a firm mentioning digitalization extra consistently is not essentially evidence that they are utilising new approaches or prioritising the situation, nor does it point out whether the company’s ventures into digitalization have been successes or failures.

In the last quarter, providers in the automotive industry dependent in Western Europe were being most very likely to mention digitalization with .38% of sentences in firm filings referring to the situation. In contrast, businesses with their headquarters in the United States outlined digitalization in just .12% of sentences.

By Tara