Year: 2024
Type: article
Abstract: Through Robotics as a Service (RaaS), businesses, including small and medium-sized enterprises (SMEs), utilize modern approaches to automation implementation. Most businesses historically limited their access to automation because automation under the Capital Expenditure (Cap Ex) model demanded substantial initial investments. RaaS borrows concepts from SaaS to restructure business automation through Operational Expenditure (Op Ex) models that empower users to subscribe to robotics and automation services. This model makes business costs for high capital expenses easier to manage, allowing SMEs to adopt powerful AI-driven automation using manageable recurring payments. Using cloud-based services in RaaS technology enables robotic systems to generate continuous updates and better performance while achieving improved long-term scalability. RaaS delivers democratization through automation access while simultaneously promoting business growth and innovation. Such an operational strategy provides industries with key requirements for achieving better efficiency and marketplace presence in contemporary automated economies.
Author: Hanut Singh
Language: English
Subfield: Control and Systems Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4409778262