Since the early 70s, advancements in technology have widely influenced the manufacturing sector with the aid of robotics, big data, machine learning, artificial intelligence, and the internet of things. Autonomous platforms have become the need of the hour with greater efficiency and higher productivity being some of the quintessential requirements of the current day and age.
It is also not surprising to see large-scale manufacturing plants majorly—if not completely—run by robots and autonomous machines. Cobots, also known as collaborative robots are also playing a vital role in mass production industries. Owing to such trends, Robotics-as-a-service (RaaS) has become one of the widely sought out platforms with service providers offering rental and temporary acquisition of robotic hardware for industrial purposes. This stride allows industries to resort to economic, yet up-to-date strategies for effective workflow management. Small-scale manufacturing plants can rent equipment instead of investing heavily in expensive hardware.
Additionally, collaborative robots are designed to achieve higher operational efficiency without having to replace labor entirely. Instead, they allow laborers to get things done at a faster rate by automating some of the menial tasks that would otherwise require unproductive effort. Traditionally, manufacturing large quantities of a particular commodity would require days of work. Now, batch processing strategies have derived the best out of industrial robots for mass production. From assembly units to customizable parts and fixtures, industrial robots have outsourced the smart work to humans while carrying out the more tedious and intensive labor work. Such practices not only account for higher net profitability but also lead to smart labor.