Aerospace and protection filings buzz: 170% improve in cloud computing mentions in Q2 2022

Mentions of cloud computing in aerospace and protection firm filings grew 170% between the primary and second quarters of 2022.

General, the frequency of sentences associated to cloud computing between July 2021 and June 2022 was 124% larger than in 2016, when GlobalData, from which our information for this text was taken, for first started monitoring key points recognized in firm filings.

When corporations within the aerospace and protection sector publish annual and quarterly studies, ESG studies and different paperwork, GlobalData analyzes the textual content and identifies particular person sentences that relate to the disruptive forces going through the businesses within the coming years. Cloud computing is a kind of subjects – corporations that excel and put money into these areas are believed to be higher ready for the long run enterprise panorama and higher outfitted to outlive unexpected challenges.

To evaluate whether or not cloud computing is extra current within the summaries and methods of corporations within the aerospace and protection sector, two measures had been calculated. First, we appeared on the share of corporations that talked about cloud computing a minimum of as soon as in paperwork within the final twelve months – this was 69% in comparison with 30% in 2016. Second, we calculated the proportion of the overall variety of sentences analyzed that check with cloud computing .

Of the 20 largest employers within the aerospace and protection sector, Leonardo was the corporate that referred to cloud computing probably the most between July 2021 and June 2022. GlobalData recognized 57 cloud-related sentences within the firm’s paperwork in Italy firm – 0.7% of all sentences. Common Dynamics mentions cloud computing in second place – the difficulty is talked about in 0.2% of sentences within the firm’s paperwork. Different main employers with many cloud mentions embrace Leidos, Thales and Saab.

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Amongst all corporations within the aerospace and protection sector, the doc revealed within the second quarter of 2022 that exhibits the best concentrate on cloud computing comes from Leonardo. Of the three,598 sentences within the doc, 27 (0.8%) check with cloud computing.

This evaluation offers a tough indication of which corporations are specializing in cloud computing and the way vital the difficulty is taken into account to be within the aerospace and protection sector, however it additionally has limitations and needs to be interpreted fastidiously. For instance, an organization’s extra frequent point out of cloud computing is just not essentially proof that they’re utilizing new strategies or prioritizing the issue, nor does it point out whether or not the corporate’s cloud computing ventures have been profitable or unsuccessful.

Within the final quarter, aerospace and protection corporations primarily based in Western Europe had been the probably to say cloud computing, with 0.14% of sentences in firm paperwork addressing the difficulty. In distinction, corporations primarily based in the USA talked about cloud computing in solely 0.09% of sentences.

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