Industrial Automation Sector Scorecard Q1 2024 Update - Thematic Intelligence

Industrial Automation Sector Scorecard Q1 2024 Update - Thematic Intelligence

Summary

The leaders on the thematic screen of GlobalData’s industrial automation sector scorecard are well-versed in artificial intelligence (AI). The top five companies in the thematic rankings all score 5 out of 5 in the AI theme, spurred on by preexisting AI capabilities and strong investment over 2023. Proficiency in AI typically translates to strength in other themes, such as robotics, digital twins, and smart cities.

Strength in critical themes like AI can also mitigate against weaknesses in other areas. Microsoft ranks third on the thematic screen despite weakness in the wearable tech and virtual and augmented reality themes.

As geopolitical tensions continue in 2024, so do cybersecurity risks. Most companies on the scorecard have scores for the cybersecurity theme that are either average or poor. They cannot afford to ignore its importance, which is demonstrated by its weighting of 15% on the thematic screen (the same weighting as AI). The consequence of not taking a proactive approach to cybersecurity is high-profile cyberattacks. For example, Schneider Electric was hit by a ransomware attack at the beginning of 2024. Failure to address this theme will compromise security, which is especially important when working with government institutions, and undermine consumer trust.

Scope

This sector scorecard provides a top-down, comprehensive outlook for the key players in the industrial automation sector over the next two years, based on the key themes set to transform their industry landscape.

Reasons to Buy

Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.

GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.

At GlobalData, we have developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.

Our thematic engine tags over 180 million data items across six alternative data sets-patents, jobs, deals, filings, social media, and news-to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.