Mentions of industrial automation within the filings of companies in the sport industry rose 31% between the third and fourth quarters of 2021.
In total, the frequency of sentences related to industrial automation during 2021 was 24% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings.
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When companies in the sport industry publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Industrial automation is one of these topics - companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.
To assess whether industrial automation is featuring more in the summaries and strategies of companies in the sport industry, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned industrial automation at least once in filings during the past twelve months - this was 61% compared to 54% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to industrial automation.
Of the 10 biggest employers in the sport industry, TCS was the company which referred to industrial automation the most during 2021. GlobalData identified 45 industrial automation-related sentences in the India-based company's filings - 0.7% of all sentences. Infosys mentioned industrial automation the second most - the issue was referred to in 0.6% of sentences in the company's filings. Other top employers with high industrial automation mentions included IBM, CTS and Hitachi.
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By GlobalDataAcross all companies in the sport industry the filing published in the fourth quarter of 2021 which exhibited the greatest focus on industrial automation came from IBM. Of the document's 1,232 sentences, 13 (1.1%) referred to industrial automation.
This analysis provides an approximate indication of which companies are focusing on industrial automation and how important the issue is considered within the sport industry, but it also has limitations and should be interpreted carefully. For example, a company mentioning industrial automation more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into industrial automation have been successes or failures.
In the last quarter, companies in the sport industry based in Asia were most likely to mention industrial automation with 0.13% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in Eastern Europe mentioned industrial automation in just 0.02% of sentences.
