Here in this blog, you are going to know those 6 sign which shows that you need to invest in robotics.
1. TO INCREASE PRODUCTION:
Productivity is the key to business growth. By a study, it is found that one unit of increase in robotics density ( which the study defines as the number of robots per million hours worked) is associated with a 0.04% increase in the labour productivity. Companies that employes technological innovations effectively are between 2 to 10 times more productive than those do not, according to research by OECD.
2. TO REDUCE UNWANTED LABOUR COST:
Using your capital on unproductive items leads to an increase in liabilities. Why use manpower at a place where they are not really constructive. Paradigm electronics in Canada has seen a 50% dynamic increase with no job loss, promoting machine operators to a robot programme and use robots for polishing loudspeakers, but with human conducting final polishing and quality check.
3. TO REDUCE WASTE FROM ASSEMBLY LINE:
when the first industrial revolution took place, it enabled the industry to work for 8 – 10 hours. But now because of the robotics programming, the industry can operate 24 hours. It is because of the technology which brings efficiency in the workplace. According to the AGB group, the robots present at the assembly line increase the accuracy, consistency and speed of the manufacturing.
4. PROVIDE PRECISION IN ASSEMBLY:
Robots move according to the sequence which is programmed in them. They are able to perform the same duty endlessly unlike a human who can do mistake instead of the fact that they perform that duty every day. It is this perfection of the robotic applications which brings precision in production and reduces the chance of error.
5. TO INCREASE EFFICIENCY OF THE EMPLOYES:
A survey by CITIGROUP stated that automation will encourage the companies to move their manufacturing closer to home. This will brings jobs and it will boost overall expertise in a sector, which in turn provide healthy impacts on sector productivity and competitiveness of the employes. Robots also increase employes accuracy which increases output.
6. TO COP-WITH THE COMPETITORS:
The firms which use robots as their assert in production earn 20% more profit than those who are not. In this technological world, it is a necessity to use technology as a ladder to grow. If any firm wants to compete in this era it should use technology.