Why do companies hire robots?

Why do companies hire robots?

In the near future, your next fast food meal could be made by a robot chef!

Yes, you read that right! So let me explain.

On October 29, 2020, I tweeted a piece of news about a bot called Flippy.

As a robot chef, at the time, Flippy could cook 19 items, from burgers to chicken tenders.

Flippy was also a prime example of what Ian King and I call “Next generation” Mega Trends – Artificial Intelligence (AI) and Robotics. And these trends were actively making a difference.

If you don’t remember White Castle, at the time this American chain of hamburger restaurants had 377 locations in 13 states. And he was about to add flippy bots in 10 locations.

Two years later, the robot chef has been seriously promoted. And all thanks miso robots (Flippy Maker).

Miso Robotics is a Los Angeles-based robotics company. Its self-proclaimed mission is to “make restaurant operations safer, easier and friendlier”.

The new model, called the Flippy 2, requires less labor to operate and is designed to fry a variety of foods. According to Mizu, the Flippy 2’s “compact modular design makes it adaptable even to tight kitchen spaces.”

flippy 2 rented robol

White Castle is now planning to bring Flippy 2 to 100 other sites! But White Castle isn’t the only restaurant morphing into robots.

Buffalo Wild Wings is testing the “Flippy 2 Wings” robotic chef designed for high-volume chicken restaurants. It even includes dispensing of refrigerated products.

while, Chipotle is testing the Miso bot To prepare and season tortilla chips with salt and lemon. Chipotle notes that this task is time consuming for its human employees.

Here’s a tip: if You are Working in the restaurant business, you could have a Flippy 2 for $3,000 a month.

This is correct. Flippy 2 is a rented robot. He doesn’t have it.

Flippy 2 is part of a growing trend in the robotics industry that is set to change how repetitive tasks are done — in restaurants, factories, labs, and more. It’s called Robot-as-a-Service (RaaS).

How bot-as-a-service can become a $44 billion market

Service-based technology markets are getting more and more developed.

there Software as a Service (SaaS), making companies more scalable and efficient at the IT level. And there Production as a Service (PaaS)which reshapes how the company operates factories and distributes products.

Now the robotics industry is developing towards a Robot as a Service (RaaS) Market. Like SaaS and PaaS, RaaS is a B2B industry that helps businesses (both small and large) streamline and reduce operating costs.

This is what we call “doing more with less”. And next-generation companies (those that innovate and thrive) do it even better.

Flippy 2 is a great example of how companies can adapt to current bear market conditions – by entering the upside Fourth Industrial Revolution Globalism.

The Rent-a-Robot case

Instead of purchasing, installing, and maintaining bots, companies can now pay a subscription fee to rent a cloud-based bot.

Bot Rentals allow companies to get all the benefits without the outright high costs of owning a bot.

The flexible business model also has significant benefits. according to Thomasnet (Marketing Service Provider for Manufacturers), RaaS benefits include:

  • zero The cost of capital, which gives companies immediately return on investment.
  • The ability to The return of the bots – Or order a new design at the end of a one-year contract if business demand changes.
  • Simple pricing without nickel and diming, There are no hidden costs.

The global value of bot as a service

The global RaaS market is worth about $14.5 billion in 2021. It is expected to reach $44 billion by 2028.

That’s a 203% increase!

Global Robot-as-a-Service (RaaS) Market

But while we can all agree that $44 billion out of just $14.5 billion is an impressive prediction, how does that number look in practice?

Who actually uses RaaS, aside from White Castle, Buffalo Wild Wings, and maybe Chipotle?

Well, the truth is that RaaS is already being used in several major industries. Infographic “Brave, the New World of Robots-as-a-Service” from ideas It sums it up nicely:

Brave New World - Botnet Rental as a Service (RaaS)

RaaS is actively used in factories, warehouses, delivery services, security and commercial cleaning.

How to profit from the bullish robotics market

The potential market of $44 billion is not something I can ignore. Especially because it is a market in which major restaurant chains and other companies are investing truly CurrentlyDespite record inflation and the threat of a recession.

Bot-as-a-Service technology may be the key to these companies staying in the game. It really reduces operating costs and makes operations more efficient.

To play the RaaS revolution right, consider buying shares in RaaS Global X Robotics and Artificial Intelligence (NASDAQ: BUTZ).

BOTZ is an exchange-traded fund (ETF) that seeks to invest in companies that can benefit from the increased adoption and use of bots and artificial intelligence (and RaaS).

This ETF gives you exposure to a basket of low-priced stocks in the robotics industry, and potentially profit from it in the next few years – as RaaS grows.

Mega trends like robotics and artificial intelligence are here to stay, friends. Because that’s what next-generation technologies do: more with less.

until next time,

Amber Lancaster

Amber Lancaster

investment research manager, strategic wealth

Disclaimer: We will not track any stock in Winning Investor Daily. We just share our opinions, not tips. If you would like access to the stocks in our sample portfolio with tracking, updates, and buy/sell guidance, please check this out. strategic wealth.

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