The global construction industry experienced a 64% drop in company filings mentions of internet of things in Q3 2023 compared with the previous quarter, with the highest share accounted for by Cummins with 120% year-on-year increase, according to GlobalData’s analysis of over 168 construction company filings. GlobalData’s Construction: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the construction industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of cryptocurrencies and batteries, according to GlobalData.
Of the top leading companies in the construction industry, Cummins had the greatest increase in references for internet of things in Q3 2023, compared with the previous quarter. GlobalData identified 11 internet of things-related sentences in the company's filings - 0.4% of all sentences - and an increase of 120% in Q3 2023 compared with Q3 2022. ABB’s mentions of internet of things rose by 14% to 8 and Eaton Corporation’s by 100% to 8 and Johnson Controls International’s by 25% to 6.
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 2023 was 100.
For further understanding of GlobalData's Construction: Filings Trends & Signals Q3 2023, buy the report here.