Robots as a Service: How to Lessen Upfront Costs

Credit: Rochelle Williams, ETC-USC, via Flickr

As an automation buyer, you struggle to balance your company’s needs and costs on every new project that you tackle. One hurdle to widespread adoption of robotics has been the high capital expense of new equipment. The robots-as-a-service or robot rental model is making it easier for companies of any size to bring robots into their operations.

Robots as a service (RaaS) is a way to reduce the upfront costs for new automation projects and shorten the purchasing cycle. It might even be possible to deliver your robotics needs in a flexible consumption model.

End-user businesses should know their options. This download should help chief robotics officers (CROs) and other corporate leaders charged with acquiring and implementing automation. Author and RaaS expert Mike Oitzman define robots as a service and contrast it with the traditional capital expenditure buying cycle.

Industries familiar with the savings from equipment rental include construction and agriculture, but automation may just now be spreading among them. The RaaS model, which has its roots in software as a service, not only provides robot hardware, but it’s also expanding to include artificial intelligence and machine learning, drones, and data services.

In addition, this PDF download looks at how RaaS costs compare with an operational expense model and how you can realize a favorable return on investment (ROI). Reliable metrics and enforceable service-level agreements are key to robot rentals functioning well in the long term.

This report also provides examples of RaaS providers, explains why partner selection is important, and describes the benefits of staying current with rapidly evolving technologies.

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