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Robots As A Service (RaaS): A Tech Trend Gaining Popularity,Companies to Reap Benefits

The recent research by ABI research estimates that there will be 1.3 million installations of robots as a service (RaaS) by 2026 generating $34 billion in revenue. This alone proves that RaaS is gaining popularity and also growing rapidly in usage.

We are all aware with the concept of (IaaS) infrastructure as a service and (SaaS) software as a service or big data as a service (BDaaS). Similarly those organizations who are using robots for their services are getting the benefits of robotic process automation (RPA).The main intention of RaaS providers are concerned with offering robots for managing repetitive, mundane and dangerous task. This is done by leasing robotic devices and accessing a cloud-based subscription service rather than purchasing the equipment outright. So Raas generally avoids the cost of maintenance for the equipment or ownership.

Why Raas Gaining Popularity.

Organisations are finding Raas more effective due to its flexibility, scalability and being a subscription-based service model finds easy entry due to it lower cost than traditional robotics programs.

Small and medium sized businesses are benefiting mostly from robotics as the initial investment which is generally higher in most cases are avoided with RaaS. RaaS models are allowing companies to scale up and down easily in response to clients need changing market conditions.

There are many companies in several industries that are benefitting from RaaS from warehouses and fulfilment centers to healthcare and security. As other sectors realize uses for robots, RaaS lowers the barrier to entry for them to test them out and experiment with robotic solutions.

Raas Platform

Few of the companies developing tools to enable RaaS on a large scale and the ways it can be used:

Amazon’s has the AWS RoboMaker, and it includes machine learning, monitoring, and analytics services.

Google is developing the Google Cloud Robotics Platform that combines artificial intelligence (AI), the cloud and robotics to enable “an open ecosystem of automation solutions that use cloud-connected collaborative robots.”

Microsoft is in the arena, and wants to bring the power of Windows 10 to robots with ROS for Windows that gives developers tools they need to program even more skilled robots.

The Honda RaaS platform aims to provide a diverse range of robots and cloud-based data services to a variety of companies to support communication, robotic cooperation, and sharing data.

Raas use cases

Cobalt Robotics offers robots to patrol buildings for a solution that the company says is 65% cheaper than having human security guards to guard premises. The data the robots collect is funneled back to artificial intelligence algorithms that can find insights to make security operations better.

Fetch Robotics promises on-demand automation for “any payload, any facility, any workflow.” Fetch robots help to automate warehouse operations for online retailers who must deal with seasonal spikes. RaaS is very appealing in these circumstances because it

There are still things to overcome such as the amount of customization of the hardware to make the robots useful for individual organizations with specific needs. So, although a base platform might be consistent across many entities, adaptations will be required for the robots leading to longer implementation windows that cost more. Regardless of the growing pains, RaaS will be the solution many organizations seek

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