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  1. Analysis
March 15, 2022

Filings buzz: tracking industrial automation mentions in the payments sector

By Andrew Hillman

Mentions of industrial automation within the filings of companies in the payments sector were 52% higher between October 2020 and September 2021 than in 2016, according to the latest analysis of data from GlobalData.

When companies in the payments sector 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 payments sector, 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 71% compared to 53% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to industrial automation.

Of the 10 biggest employers in the payments sector, Sberbank was the company which referred to industrial automation the most between October 2020 and September 2021. GlobalData identified 18 industrial automation-related sentences in the Russia-based company's filings - 0.2% of all sentences. China Construction Bank mentioned industrial automation the second most - the issue was referred to in 0.15% of sentences in the company's filings.

Across all companies in the payments sector the filing published in the third quarter of 2021 which exhibited the greatest focus on industrial automation came from Grupo Elektra. Of the document's 1,155 sentences, six (0.5%) 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 payments sector, 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 payments sector based in Middle East were most likely to mention industrial automation with 0.12% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in Canada mentioned industrial automation in just 0.02% of sentences.

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