Found in Robotics News & Content, with a score of 0.72
April 07, 2021
…The Rapid Machine Operator is available through a robotics-as-a-service (RaaS) model for $25,000 per year, and it requires no programming, systems integration, specialized hardware, or robotics skills, said Rapid Robotics. This enables manufacturers to easily deploy a pretrained cobot in hours, moving it between tasks as needed and seeing return on investment (ROI) in months, according to the company. Rapid Robotics aims to address factory shortage Until recently, manufacturers were caught between a scarcity of machine operators and an inability to automate. Deloitte estimates that by the end of the decade, U.S. manufacturers may have 2.4 million unfilled jobs, putting…
Found in Robotics News & Content, with a score of 0.48
April 06, 2021
…Sarcos will offer its products through a Robotics as-a-Service (RaaS) model and said it has strong engagement and support from key strategic partners and potential customers, including several Fortune 100 companies. “In January of last year, we were proud to announce our partnership with Sarcos Robotics to bring its cutting-edge products to our frontline teams,” said Ed Bastian, CEO of Delta Air Lines. “Delta’s employees are the key ingredient to our success, and we are committed to reducing on-the-job injuries as well as fostering workforce diversity and improving worker longevity for a healthier and safer team. My enthusiasm for Sarcos’…
Found in Robotics News & Content, with a score of 1.22
April 05, 2021
…going to be funded to be fullstack companies. Robots-as-a-Service (RaaS) business model will become more ubiquitous We’ve long held the belief that the traditional business model of asking customers to pay upfront capital costs (CapEx) for automation will not cut it for new incumbents. We were early proponents of robots-as-a-service (RaaS) — we don’t charge for hardware or software; we deliver services to customers and only charge them operating costs (OpEx). This year, with the toll of COVID-19 on global business, more companies than ever before are gravitating towards a pay-per-use model with no hefty upfront financial commitments. As companies’…
Found in Robotics News & Content, with a score of 0.63
March 31, 2021
…features. Research and Markets also noted that the Robotics-as-a-Service (RaaS) business model reduces upfront risks for users by moving costs from capital expenditures to operational expenditures. Similarly, Fortune Business Insights said the global market for AMRs will grow from $1.67 billion in 2020 to $8.7 billion in 2028, experiencing a CAGR of 23.7%. IAM Robotics added that AMRs have a lower barrier to entry than other robots because of their affordability, ease of deployment, and flexibility. The company said customers can deploy its systems in weeks. AMRs do not require fixed infrastructure like stationary conveyors, and Bolt is designed to…
Found in Robotics News & Content, with a score of 3.02
March 25, 2021
…in 2015 and offers goods-to-person systems in a Robotics-as-a-Service (RaaS) model. inVia Logic uses AI to optimize workflow inVia Logic's proprietary algorithms are designed to determine the optimal placement of inventory and dynamic labor assignments. Artificial intelligence is used to map a customer's warehouse and calculate the most efficient paths for moving goods through the fulfillment process, as well as the ideal worker to perform each task. Workers will use inVia PickMate's interface on existing handhelds to be directed step-by-step on these paths to accurately pick products to order bins. This ensures full resource utilization and is expected to double…
Found in Robotics News & Content, with a score of 1.02
March 03, 2021
…shipping. The implementation makes use of Berkshire Grey’s Robotics-as-a-Service (RaaS) model. “CEVA is committed to continuous improvement and innovation across its fulfillment, transportation, and supply chain operations,” said Dominik Dittrich, CEVA’s Executive Vice President of Contract Logistics, North America. “The COVID-19 pandemic exponentially increased the fulfillment volume we needed to process shipments on behalf of our customers around the world. As we move forward, that volume is expected to remain strong. By partnering with Berkshire Grey and investing in its intelligent robotic automation systems, we can better operate our fulfillment facilities 24 hours per day to manage the excess volume,…
Found in Robotics News & Content, with a score of 0.32
February 24, 2021
…also help provide resources needed for BG’s growing robotics-as-a-service (RaaS) option, as well as more generally, add people with skills in software, robotics design and manufacturing, and research and development, as well as needed roles in areas like support and services. “This investment means that we can add features and capabilities to existing solutions and existing robots, and it also means that we can develop more new technology, some of which will come forward as additional features [for existing solutions], and some which will come forward as new solutions,” said Wagner. In terms of being able to offer more value-added…
Found in Robotics News & Content, with a score of 0.47
February 18, 2021
…Locus then offers up to users under a robot-as-a-service (RaaS) model. That takes financial resources on Locus’s part, Faulk explained. “We have to buy our fleet,” he said. Overall, Locus is positioning this round as a validation for the strong need for mobile robotics as a path to digital transformation among companies that need to find ways to efficiently and quickly fulfill online orders. “Locus’s innovative mix of proven technology, flexible design, and seamless scalability makes it an ideal choice to lead the digital transformation of the warehouse,” said Griffin Schroeder, Partner at Tiger Global. “Facing rapidly growing ecommerce volumes,…
Found in Robotics News & Content, with a score of 0.14
December 28, 2020
…has looked at how robotics as a service or “RaaS” might work for paying for robotic lift trucks, but the model gets complicated and isn’t really needed given the attractive equipment leasing rates that exist and relatively short payback timeframes for the AMRs. Getting there Perry Ardito, general manager of the Warehouse & Automation Products Group for Mitsubishi Logisnext Americas, also expects strong growth for automated lift trucks, but many customers will phase them in by using them for select workflows, while using more conventional lift trucks for other tasks. Another steppingstone to use of fully automated trucks is to…
Found in Robotics News & Content, with a score of 3.49
September 02, 2020
…lift truck leasing going to morph into a robotics-as-a-service (RaaS) arrangement? The short answer, say lift truck providers, is not overnight. Robotics adds predictability, and associated Cloud for lift truck fleets is already typically subscription-based, but it will take time for RaaS models to mature. One reason, says John Rosenberger, director of global telematics for The Raymond Corp., is that some earlier variants of automated lift trucks required guidance infrastructure such as reflectors or tags embedded in the floor. Such installations go against the grain of the as-a-service concept, he adds. “With an ‘as a service’ model, or a subscription…
Found in Robotics News & Content, with a score of 6.04
June 23, 2020
…offer its collaborative mobile robots through a robotics-as-a-service, or RaaS, model. While the Beijing-based company will also offer outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to upgrade their facilities without the large upfront investment usually associated with automation projects. “The pressure on supply chains to deliver is growing with every day that passes, and we know how much of an impact our solutions can have on facilities and their processes,” said Paul Qian, vice president of sales at ForwardX Robotics. “With our mission to empower operations to be at their best, introducing…
Found in Robotics News & Content, with a score of 5.76
April 07, 2020
…global companies, is now offering Robots as a Service (RaaS) implementation options for its solutions. Many retailers are understandably freezing CapEx due to circumstances beyond their control, and RaaS implementation models allow them to continue to lean forward with innovative technology that will serve their customers and their businesses now and in the future. Market trends, consumer behavior, and new competition have strained retail, e-commerce, grocery, convenience, and foodservice supply chains for several years. But, the impact of our current shared crisis on retail in general is unprecedented. According to Statistica1, in the first half of March sales for grocery…
