The investment in works can pay for itself after just one year

The investment in works can pay for itself after just one year

The investment in works can pay for itself in just one year.
More than half of the world’s largest companies have already started implementing process automation using robots. Another 19% of companies intend to do it within two years. From the report “The robots are ready. Are you? Untapped advantage in your digital workforce”, prepared by consulting company Deloitte, shows that robots can replace one fifth of full-time employees and at the same time allow to increase the revenues of companies. According to the managers, the investment in robotics has a chance to pay for itself in less than twelve months.
Deloitte’s survey covered 400 of the world’s largest companies in various industries, whose total value in terms of revenue is greater than £1.5 billion.
Investment in automation is expensive but also profitable
As many as 53% of the surveyed companies have already started the process of robot implementation and process automation, and another 19% want to start it within two years. – If this pace is maintained, within the next five years we will be able to talk about the full dissemination of automation with the use of robots in the group of the largest global companies, Senior Manager in the Consulting Department of Deloitte.
Automation with robots has usually been tried and tested in individual areas, but more and more often it fits into the corporate strategy. This opinion was expressed by 64% of managers, while a year earlier it was only 15%. The authors of the report calculate that in the case of companies participating in the survey with annual revenues of $20 billion and employing 50 thousand people, entrusting 20% of tasks to robots would provide them with $30 million of additional revenue annually.
At the moment, only 3% of enterprises are ready to scale automation and robotization. These are organizations that have a fleet of over 50 robots.
Investments in automation processes with the use of robots are and will be significant. Among those who are already at the stage of their implementation, 78% expect an increase in financial outlays over the next three years. Their previous investments have so far consumed an average of 3.5 million dollars. On the other hand, those who are in the pilot phase are planning to spend on average USD 1.5 million on this purpose.
Such large investments are made with expected profits in mind. Organizations that are at the stage of automation piloting believe that the period of return on this investment will be after almost 9.5 months on average. Those who have completed this stage evaluate this period as an average of 11.5 months. These differences may result from the fact that at the initial stage of the company’s evaluation of the time and cost of automation implementation is wrong. As many as 63% of respondents admitted that they made a mistake in estimating the time needed to implement it, and 37% incorrectly estimated the costs.
Less and less resistance from employees
In the opinion of the surveyed managers, automation of processes with the use of robots is able to replace the work of as much as 20% of full-time employees. Organizations that already have experience in this field are of the opinion that it can be even 52 percent. – Some people look at robots with fear for jobs, but it is unjustified. Every element of the industrial revolution had a direct and very short impact on jobs, but later they were created in other areas. Robots can be compared to e-mail and the revolution it has brought about. – It is impossible to imagine a comparable amount of information exchanged by e-mail to the possibilities of traditional mail, not to mention the speed of this exchange. However, no one accuses e-mail creators of destroying jobs. Just as it is impossible to work without e-mail, in the future it may be impossible to work without robots – he adds.
For several years now, Deloitte’s Global Human Capital Trends study has shown that automation will have a key impact on the labour market. – Gradual implementation of modern technologies and progressive automation will make companies look for different competencies in their employees than today. In the era of digitalisation, the skills that are most valued today will give way to others in the next five years. However, typically human aspects of work, such as empathy, communication and problem solving will be more important than ever before.
Naturally, the process of robotization and automation implementation has gained the greatest support among leaders and senior managers. Among them, this support reaches as much as 72%. In turn, the negative attitude to the implementation of robotization has decreased since last year among all other interested parties. Only 17% of respondents encountered resistance of employees in this area. In the group of companies that have already completed the automation process, this percentage is only 3%. According to the survey respondents

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