As the rate of automation increases globally, it's having a profound impact on industry and global economy, increasing productivity and changing employees' job profiles for the better.
As robots become less costly and more accessible, they open the doors for small businesses to compete with larger corporations, says the Wall Street Journal. Specifically, robotics and automation allow smaller firms to carry out project work that, until recently, has largely only been accessible to big companies who can afford it, says McKinsey Global Institute.
small businesses can benefit from automation in ways that large companies simply can't.
We've outlined some of the many benefits in using automation for business in a previous blog article, but some of the major benefits for incorporating process automation include:
- Speed. Automation improves the efficiency of manufacturing, reducing the overall processing time.
- Consistency. The precise, repetitive nature of robotics means that processing is carried out in exactly the same way, time after time.
- Lowered production cost. Robots quickly earn back their investment through reduced production costs, maximising profits with the highest output possible.
However, small businesses can benefit from automation in ways that large companies simply can't. Here are a few reasons why:
Doing more with less
More efficient use of area means small businesses won't need to so heavily invest in floor space in order to be productive, says the McKinsey Global Institute.
Collaborative automation allows robots to perform multiple tasks in the same place. This enables small businesses to do more with less, as these robots don't require large, separate enclosures as they once did, says Universal Robots. This is a fantastic benefit to small businesses with limited floor space.
Automation allows scalability
There are over 19,000 manufacturing businesses in New Zealand with fewer than 19 employees, accounting for around 80 per cent of the manufacturing industry, according to the Ministry of Business, Innovation and Employment. The ability for small businesses to grow with demand plays an essential role in operating flexibly with limited resources. Small business owners have to juggle operating costs with means of production, so that they don't take on more than they can deliver, or invest too heavily in capacity they may not need in six months.
Automation gives small business the freedom to scale as and when is needed. As your business grows, processing via automation can be scaled up or down accordingly with demand.
Design Energy helps create customised automation solutions for New Zealand businesses, supplying both Nachi and Universal Robots. To find out more, get in touch with our team today.