Robotics as a Service (RaaS) is a new way for manufacturers to leverage the benefits of industrial and collaborative robots in their facility. In this model, manufacturers essentially rent a robot from a vendor and pay for the hours the robot is in operation.
RaaS emerged in 2013 but has only recently gained popularity in the industrial sector as manufacturers have become more comfortable with the idea of robots working safely alongside humans. A number of innovative offerings are now available for those looking to automate – RaaS makes industrial automation possible for nearly any operation.
The Benefits of Robotics as a Service
The RaaS model of renting industrial robots primarily benefits manufacturers by drastically lowering the cost of entry to robotic automation. This minimizes capital expenditures and eases the intense pressure to realize a return on investment (ROI) as quick as possible.
Further extending the benefits of lower costs, many RaaS robots require little to no integration effort and are easy to use on a daily basis. This helps minimize operating expenses and simplifies the operational aspects of introducing robots into a facility.
Another major benefit of RaaS is that the robots themselves are often built to be as flexible as possible. When robots can perform multiple tasks with little to no programming, this increases their profitability and accelerates the ROI timeline.
Features That Enable the Success of Robotics as a Service
One of the enabling features of the RaaS model is the development of cloud robotics. Leveraging the cloud allows OEMs to program robots remotely, as well as monitor their performance and health in real-time. This minimizes the maintenance requirements of the end user, which helps save time and money, and promotes higher robot uptime. Importantly, the cloud also allows OEMs to see how many hours the robot was in use and bill the robot user accordingly.
Flexible renting options are also helping promote the growth of RaaS in the industrial sector. Some RaaS providers offer trial periods lasting a few months that allow manufacturers to test a robot in their facility with little financial or operational risk. Other RaaS providers offer flexible no-term rentals that make renting a robot even more appealing.
RaaS is the latest way that robot OEMs are introducing automation in the industrial sector at increasingly lower costs. While just a few years ago RaaS had yet to catch on, it has since gained widespread adoption.
Renting robots minimizes the large upfront costs typically associated with robotic automation and gives manufacturers the flexibility they need in their operations. As RaaS matures, look for more and more end users requesting robot rentals.
To learn more on this topic, take a deeper dive with our Industry Insight article, “Robots for Rent – Why RaaS Works.”