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What are the key factors to consider for ROI in the context of a robotics project?

ABB robots
  • September 25, 2023

Robotic automation offers many benefits, such as improved efficiency, productivity and reduced costs. In this article, we'll take a deep dive into the key factors to consider when calculating the return on investment (ROI) this technology can represent for businesses.

Key factors to consider

Robotics offer many productivity benefits for businesses. Here are four factors to consider.

1. Increased productivity

Robots are able to work continuously, without the need for breaks, which can considerably speed up the production process. This increase in production speed generally means higher revenues for the company. It also means better use of human resources. By deploying robots to carry out repetitive tasks, human workers can be reassigned to higher value-added tasks.

It's important to look at return on investment (ROI) in two different ways. Firstly, there's the saving on payroll and staff costs thanks to automation. However, the second approach is often more interesting. In most cases, automation does not lead to layoffs, but rather to the reassignment of workers. It is therefore essential to ask where these employees will fit in, and how they can contribute more to the company's profits in their new roles.

2. Lower operating costs

By using robots, repetitive tasks can be performed with great precision. This means fewer human errors, less waste of raw materials and less scrap. By reducing waste and scrap, you naturally save materials, which helps to reduce your operating costs.

3. Energy savings and sustainability

Modern robots are designed to be energy-efficient, which can lead to significant savings in energy costs over the long term. What's more, robotic automation can help reduce a company's environmental impact, which can be financially advantageous, especially as environmental regulations become increasingly stringent.

4. Financing and subsidies available

Funding and subventions available for robotics projects come from a variety of sources, including government organisations, private entities and programs specific to the robotics industry. It is important to note that eligibility criteria, funding amounts and requirements vary from program to program. Before applying for funding, we recommend that you contact the responsible organizations and prepare a detailed proposal outlining the objectives, potential benefits and implementation plan for your robotics project.

Evaluating key factors for an appropriate decision

The profitability of robots depends on a number of factors, such as initial costs, increased productivity, cost savings and energy efficiency. Before deciding to automate with robots, it's crucial to evaluate these factors carefully to ensure that the investment pays off in the long term. Careful planning and thorough analysis can help maximize the benefits of robotic automation for your business.

If you're ready to take the step towards automating one of your processes, please contact one of our robotics experts today to discuss your specific requirements.