According to the Future of Manufacturing report, a third of manufacturers generate profit through servitization. Robots as a Service (RaaS), the business model for deploying robotic automation on lease, is also beginning to gain traction. Let’s examine the potential of RaaS, when compared to traditional robot purchasing.
RaaS describes the purchase of industrial robots by leasing robotic devices as needed, as opposed to the traditional method of buying a robot outright. Like many other servitization models, the concept boasts reduced upfront costs and the advantage of ongoing maintenance.
But, why fix a model that isn’t broken?