ROI or Return On Investment is a performance measure to evaluate the efficiency of an investment. ROI measures the amount of return on an investment relative to the investment's cost. Simply put, if you invest into something, in return, you want to get back more than what you have invested from that something within a specific investment time frame.
Ideally, there are multiple reasons for every business to invest in automation robotics but in the end, for any business to continue and grow, it is productivity which leads to profitability.
At , we have 2 unique ways of assessing and analyzing ROI, i.e. from:
Thinking of replacing all your current workers as soon as your process automated with robots? Well, think again. This may not be the case to improve productivity. A productive business needs both skilled humans as well as automation robotics.
Humans co-working with robots seems to be more productive than all humans as well or all machines alone. Robots are very productive with mundane and repetitive processes since robots were programmed to do so while humans are more suitable with planning and decision making.
Utilization is the action of making practical and effective use of something or someone, whether an equipment or a human. If utilization being impacted, the loss is time where we cannot recover.
Human has a tendency to procrastinate which will drop productivity and impacting utilization. Hence, most companies are actually meeting between 50%-85% of utilization. Ever thought of achieving >95% of utilization to increase productivity and efficiency?
Below are the ROI calculators but may or may not be applicable to your applications. Please use only as a general guideline. Contact Us if there is a different ROI assessment required.
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