Companies are buying services not robots

8.22.19

Robot Report staff editor

“The heart of RaaS is all about flexibility,” says Dan Patt at the Robotics Summit panel about Robotics-as-a-Service (RaaS) Business Models. “If you could predict the future and know exactly what your needs for work or process would be in ten years, you’d just design and build the right thing for that. RaaS lowers the cost to grow and the cost to change. It’s about enabling flexibility.”

As manufacturing and warehousing industries grow, robots are becoming a large part of the business plan. Traditionally, robots have been purchased as capital equipment and used to automate a part of the workflow. Recently, companies have been exploring the idea of hiring robot workers similar to the way people are hired: as independent contractors.

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