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Robotics as Service (RaaS) business model

  • Leader
    September 18, 2022
    Robotics as Service (RaaS) business model

    Shared services are increasingly gaining popularity as they are convenient, cost-effective and quicker to implement in business, especially when compared to creating or purchasing a customized one.To get more news about Robotics as a Service, you can visit official website.

    Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) were the first to get introduced and are already being implemented. As more businesses are undergoing a complete digital transformation, newer technologies such as Automation, Virtual Reality, Artificial Intelligence, and Robotics are being used for better process efficiency and to address the growing business demands.

    Robotics as a Service (RaaS) is a unique model which is a combination of cloud computing, AI, robotics and shared services. With RaaS, clients don’t really need to buy an integrated solution; they can, instead, lease the robotic devices as a cloud based service.

    RaaS offers flexible purchasing procedure that helps buyers maintain their bottom line. Further to this, enhanced employee engagement, customer satisfaction and loyalty are some of the turnaround factors which makes Robotics as a Service the darling of futuristic businesses.

    Robotics as a Service (RaaS) – Robots on Cloud and Rented
    RaaS is available for businesses in two ways – robotics as a cloud service and robots on rental. Both are equally desirable for businesses.

    Robotics as a cloud service lets businesses store data that are collected by the robots in the cloud. The robots across various locations such as warehouses or retail stores are connected over the internet. They get access to the shared software (SaaS) and cloud storage. The data captured by robots across different locations can be stacked away in a centrally stored cloud based system and can be accessed by humans. This will ensure seamless data and process flow without disrupting the existing businesses. Moreover, this will add value to organizations operating hundreds of robots, with each robots performing different tasks.

    On the other hand, businesses that find it challenging to invest in robots leverage the power of robotics by renting robots and subscribing to the shared software model. This is a popular model among businesses as it offers cost affordability, accessibility and feasibility.

    How can Robotics as a Service (RaaS) Evolve?
    While the technologies can evolve by providing innovative and efficient solutions to the businesses, the businesses can leverage robots to engage their resources into more human-intensive processes such as decision-making and processes requiring more analytical thinking.

    Robots are evolving on a day to day basis, along with their supporting technologies. They are getting ready to deal with more diverse information; and as their ability for perceiving data increases, so does their power to make more complex decisions.

    As working environments become more diverse, robots need to become more dynamic, yet remain easy to program and customize. The need of the hour is smaller but better performing robots that can function autonomously and without endangering the human workforce. And all this must come with affordability.