Mentions of robotics within the filings of companies in the payments sector fell 12% between the second and third quarters of 2021.
In total, the frequency of sentences related to robotics between October 2020 and September 2021 was 500% 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.
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. Robotics 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 robotics 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 robotics at least once in filings during the past twelve months - this was 27% compared to 6% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to robotics.
Of the 50 biggest employers in the payments sector, Sberbank was the company which referred to robotics the most between October 2020 and September 2021. GlobalData identified 14 robotics-related sentences in the Russia-based company's filings - 0.19% of all sentences. Industrial Bank mentioned robotics the second most - the issue was also referred to in 0.19% of sentences in the company's filings. Other top employers with high robotics mentions included China Merchants Bank, Industrial and Commercial Bank of China and VTB Bank.
Across all companies in the payments sector the filing published in the third quarter of 2021 which exhibited the greatest focus on robotics came from Yes Bank. Of the document's 3,387 sentences, seven (0.2%) referred to robotics.
This analysis provides an approximate indication of which companies are focusing on robotics 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 robotics 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 robotics have been successes or failures.
In the last quarter, companies in the payments sector based in Eastern Europe were most likely to mention robotics with 0.04% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in Western Europe mentioned robotics in just 0.01% of sentences.
GlobalData is the parent company of Electronic Payments International and its sister publications