Mentions of robotics in the files of companies in the electrical sector increased by 59% between the first and second quarters of 2021.
In total, the frequency of robotics-related convictions between July 2020 and June 2021 was 329% higher than in 2016, when GlobalData, from which our data is pulled for this article, began tracking the key issues mentioned in the business records.
When companies in the electricity sector publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual sentences that relate to the disruptive forces that companies will face in the years to come. . Robotics is one such topic – companies that excel and invest in these areas are seen to be better prepared for the future business landscape and better equipped to overcome unforeseen challenges.
To assess whether robotics figures more in the summaries and strategies of companies in the electricity sector, two measures were calculated. First, we looked at the percentage of companies that mentioned robotics at least once in their returns in the past twelve months – this was 36% compared to 7% in 2016. Second, we calculated the percentage of total analyzed sentences referring to robotics.
Among the 50 largest employers in the energy sector, Kyushu Electric Power Co Inc was the company that made the most reference to robotics between July 2020 and June 2021. GlobalData identified 18 robotics-related phrases in the files of the Japanese-based company – 0.6% of all Phrases. Tohoku Electric Power Co Inc mentioned robotics in second place – the problem was mentioned in 0.4% of sentences in company documents. Ebara Corp, The Kansai Electric Power Co Inc and ABB Ltd are other top employers with high mentions in robotics.
Of all the companies in the energy sector, the dossier released in Q2 2021 that paid the most attention to robotics came from FirstEnergy Corp. Of the 1,181 sentences in the document, seven (0.6%) referred to robotics.
This analysis provides a rough indication of which companies are focusing on robotics and how significant the problem is being considered in the electricity sector, but it also has limitations and should be interpreted with caution. For example, a company that mentions robotics more regularly is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s robotics companies have been. successes or failures.
In the last quarter, power companies based in Asia were the most likely to mention robotics with 0.09% of sentences in company files referring to the question. In contrast, companies headquartered in the United States only mentioned robotics in 0.01% of sentences.