The global consumer industry experienced a 63% drop in company filings mentions of internet of things in Q3 2022 compared with the previous quarter, with the highest share accounted for by Godrej Consumer Products with 45% year-on-year decrease, according to GlobalData’s analysis of over 104 consumer company filings.
Notably, internet of things was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of big data and cloud, according to GlobalData’s whitepaper on Internet of Things in Consumer – Filings Trends in Q3 2022.
Of the 50 leading companies in the consumer industry, Godrej Consumer Products had the greatest increase in references for internet of things in Q3 2022, compared with the previous quarter. GlobalData identified 12 internet of things-related sentences in the company's filings - 12% of all sentences - and an increase of 100% in Q3 2022 compared with Q2 2022. Carrier Global’s mentions of internet of things rose by 200% to 6 and Dabur India’s by 100% to 4.
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 internet of things in Q3 2022 was 93.