My morning roundtables at this year's Manufacturing Automation and Robotics Summit included discussions around 'Autonomous Mobile Robotics', 'Cobots versus Standard Robots', and 'End of Line Automation'.
A recent global study – After The Fall: Cost, Causes and Consequences of Unplanned Downtime* – showed the majority of companies have experienced at least one unplanned downtime outage over the past three years, costing an average $260,000 an hour across all businesses.
Automation is expensive. But what if a low cost solution, that is quick to construct and implement into the production line could be utilised? This would enable many small businesses to take the next Industry 4.0 step.