Mentions of cloud computing in the documents of airport industry companies increased by 71% between the first and second quarters of 2022.
Overall, between July 2021 and June 2022, the incidence of cloud computing-related convictions was 253% higher than in 2016, when GlobalData, who provided our data for this article, first began tracking the top issues affecting referenced in company records.
When companies in the airport industry publish annual and quarterly reports, ESG reports and other filings, GlobalData analyzes the text and identifies individual phrases that relate to disruptive forces companies will face in the years to come. Cloud computing is one of those themes – companies that excel and invest in these areas are likely to be better prepared for the future business landscape and better equipped to weather unforeseen challenges.
To assess whether cloud computing is more prevalent in the summaries and strategies of companies in the airport industry, two measures were calculated. First, we looked at the percentage of companies that mentioned cloud computing at least once in their filings in the last 12 months – this was 40% compared to 16% in 2016. Second, we calculated the percentage of all analyzed sentences that calculate in relation to the cloud.
From July 2021 to June 2022, among the top 10 employers in the airport industry, Post Italiane was the company that most often related to cloud computing. GlobalData identified 41 cloud-related sentences in the Italy-based company’s files – 0.3% of all sentences. FedEx was the second most frequently mentioned mention of cloud computing – the topic was mentioned in 0.07% of sentences in the company’s records.
Among all companies in the airport industry, the submission published in the second quarter of 2022 that had the greatest focus on cloud computing came from Uber. Of the 1,203 sentences in the document, five (0.4%) related to cloud computing.
This analysis gives a rough indication of which companies are focusing on cloud computing and how important the issue is in the airport industry, but it also has limitations and should be interpreted carefully. For example, a company that mentions cloud computing more regularly is not necessarily evidence that it is adopting new technologies or prioritizing the issue, nor does it indicate whether the company’s endeavors in cloud computing have been successes or failures.
GlobalData also categorizes mentions of cloud computing under a number of subtopics. Of these subtopics, the most frequently mentioned topic in Q2 2022 was “Software as a Service”, which accounted for 92% of all cloud subtopic mentions by airport industry companies.