• Technology, Automotive, Pharma, Medical, Foodservice, Insurance and Power industry sentiment was more positive
• Belarus and China mentions up. Sentiment improved for Philippines, Vietnam, India, and Indonesia
• Mentions of AI and Inflation also up during the quarter

Company filings sentiment was slightly up by 3.1% year-on-year (YoY) in the first quarter (Q1) of 2023. Notably, the improvement extends across all industries. Technology industry sentiment increased with discussions around themes such as cloud and Generative AI (GenAI) experiencing a significant increase, according to a report from GlobalData, a leading data and analytics company.

GlobalData’s “Company Filings Analytics – Trends & Signals Q1 2023” report reveals that technology, automotive, pharma, medical, foodservice, insurance, and power industry sentiment was more positive YoY in Q1 2023. There is an increasing adoption of digital technologies across industries. In addition, sentiment for Southeast Asian countries like the Philippines, Vietnam, India, and Indonesia rose YoY. On the other hand, Belarus and China witnessed an increase in mentions.

Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “The report indicates a surge in companies integrating artificial intelligence (AI), automation, and cloud computing into their operations. This trend signifies the growing recognition of digital transformation to enhance efficiency, reduce costs, and deliver enhanced customer experiences.”

Mega-cap companies Toyota, LVMH and Alibaba Group witnessed an increase in sentiment by 29%, 17% and 9%, respectively. CrowdStrike Holdings Inc indicated plans to continue investments in cloud platforms and customer support. Other companies such as HashiCorp Inc are reducing resources and talent gaps through a fully managed cloud platform to boost operational effectiveness, reduce customer deployment times, and further accelerate enterprise cloud migration.

In terms of technology themes, Cloud, Batteries, Cybersecurity and AI had positive sentiment growth. The mention of AI experienced a notable increase, with GenAI garnering the highest number of mentions. Braze Inc discussed investing in GenAI as a marketer copilot, whereas Tech Mahindra announced collaboration with Yellow.ai to develop next-gen conversational-AI solutions. Veritone Inc revealed its plans to expand support for DALL-E and other prompt-to-image and video models, along with the enhancement of generative AI models for image and video production through aiWARE in the second quarter of 2023.

Singh concludes: “Overall, these trends and signals depict a landscape where companies are embracing technological advancements to stay competitive and drive growth in the evolving digital era. The Q1 2023 Company Filings Analytics Trends & Signals report provides a detailed understanding of the prevailing trends and signals in the global business landscape. With insights into industry sentiment and trending themes, businesses can make informed decisions and adapt to the changing market dynamics.”