The Benefits of Robots as a Service are many
RaaS (Robots as a Service) is a newer business model making its way into the manufacturing world. While some people are apprehensive about RaaS, it’s based on the SaaS model (Software as a Service) which people use in their everyday lives when they use products like Netflix, Spotify, or Apple Podcasts.
The idea of RaaS is simple: by having Robots as a Service, you pay a subscription fee and reap instant ROI and long-term business benefits at the forefront of technology.
- Automatic Updates: With RaaS you don’t need to hire a programmer or technician to maintain your robot. All the updates are pushed automatically from your provider to your robot through the cloud. These updates can be scheduled during a time that’s not disruptive to your production schedule.
- Scalability: The beauty of RaaS is that your robot isn’t a one-trick pony like a traditional robot. Our robots accommodate high-mix, low-volume production environments. You don’t need to invest in expensive fixtures, design, or procurement. You’re not stuck with the same piece of machinery if your business needs change.
- Access to Data: Your robot automatically collects and reports data so you know how effectively and efficiently it is performing. This data can help you with forecasting production, ordering raw materials more effectively, and creating solvency across the organization.
- Financial Savings: A RaaS model offers several savings options both long-term and short-term. In the short-term, there is no CapEx investment required so the initial cost is minimal. With RaaS, you don’t have a piece of equipment on your EBITDA that is immediately depreciating. Additionally, the subscription cost scales with your production cost, so you’re not wasting dollars.
- Procurement Support: By leveraging a RaaS model, your system is tracking raw materials and production, making procurement and ordering decisions simple; you can even leverage some programs to automate orders.
When it comes to business, there is always risk when you try something new, but Path Robotics has taken the risk out of our RaaS model. Agreements can be as short as 24 months to get started.
If you’re looking into RaaS and want to learn more, connect with our team today.
