The global consumer industry experienced a 39% drop in company filings mentions of big data in Q2 2023 compared with the previous quarter, with the highest share accounted for by Haier Smart Home with 11% year-on-year decrease, according to GlobalData’s analysis of over 157 consumer company filings. GlobalData’s Big Data in Consumer Goods thematic intelligence report analyses the application of big data across the consumer goods value chain. It provides industry-specific market analysis, describes the competitive landscape and highlights the areas of future opportunities. Buy the report here.
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Notably, big data was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of cloud and digitalization, according to GlobalData.
Of the top leading companies in the consumer industry, Haier Smart Home had the greatest increase in references for big data in Q2 2023, compared with the previous quarter. GlobalData identified 16 big data-related sentences in the company's filings - 0.4% of all sentences - and a decrease of 11% in Q2 2023 compared with Q2 2022. Chow Tai Fook Jewellery Group’s mentions of big data dropped by 7% to 14 and China Resources Beer (Holdings)’s by 33% to 4 and Kraft Heinz’s by 100% to 2 and Reckitt Benckiser Group’s by 86% to 2.
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 big data in Q2 2023 was 100.
For further understanding of GlobalData's Big Data in Consumer Goods - Thematic Intelligence buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s 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 world’s largest industries.
