The Cost of Automation? It’s Lower Than You Think

The world is moving towards automated production but what exactly will the cost of automation be? The global spend on automation increased more than 140% to $155 billion dollars compared to just $65 billion in 2000 and is estimated to increase to over $300 Billion by 2020. It’s easy to see why that trend will continue to increase. More efficient processes, increasing throughput, decreasing labor costs, improved quality control, and the reduction of waste are among the benefits of automating production environments. Upfront cost has been a reluctance for some small to medium-sized companies to invest in automation, but the return on investment makes the true cost of automation increasingly attainable. Here is how much automation really costs:






