Robotic Automation and the Future of Automotive Equipment Rental and Leasing

Overview: The future of the automotive equipment rental and leasing industry is being reshaped by the influence of robotic automation. This guide examines the statistics and predictions surrounding the role that robotics and automation will play in this industry going forward.

The Impact of Robotic Automation on the Automotive Equipment Rental and Leasing Industry: The advent of robotic automation has led to a sea change in many industries, not least of which is automotive equipment rental and leasing. A McKinsey report indicates that by 2030, 45% of all tasks can potentially be automated using current technology. In the context of the automotive equipment rental and leasing industry, this suggests a significant cost saving, not just in terms of human resources, but also operational cost. Robotic automation can handle routine tasks more efficiently and accurately than human counterparts, reducing time-consuming paperwork and other administrative tasks.

Current Trends in Robotic Automation in the Automotive Equipment Rental and Leasing Sector: Robotic automation is increasingly prevalent in automotive rental and leasing sector. Accenture predicts that by 2025, AI robotics could boost business profitability by an average of 38% across 16 industries including automotive equipment rental and leasing sector. This profitability increase projects substantial potential gains for this industry. Enhanced productivity, improved customer service, and reduced maintenance costs are just a few benefits of the robotisation of the industry.

Challenges of Digital Transformation in The Automotive Equipment Rental and Leasing Industry: Despite the enormous potentials of robotic automation in the automotive equipment rental and leasing industry, the path to achieving full automation comes with some downsides. As per a Capgemini report, about 50% of companies involved in AI-driven initiatives claim that they have not been able to create a roadmap for digital transformation. For the automotive equipment rental and leasing industry, issues such as high upfront cost, workforce resistance, and regulatory challenges are potential stumbling blocks on the path of robotic automation.

Key Takeaways: - Robotic automation presents a significant potential for cost saving, efficiency, and profitability. - By 2025 AI robotics could boost business profitability by an average of 38%. - Despite the potentials, 50% of companies have found the digital transformation challenging due to high upfront cost, workforce resistance, and regulatory challenges.

3Laws Robotics can help automotive equipment rental and leasing companies navigate these challenges. Their innovative software, the 3Laws Supervisor, is designed to enhance safety and reliability of robotic systems. It offers a solution to one of the major challenges in the industry - certification. Key features include:

• Simplified certification process: The software offers robust safety features and evidence of system robustness that could ease certification processes. This, in turn, could accelerate the implementation of automation solutions in the industry.

• Proven safety technology: 3Laws' software is built on Control Barrier Functions (CBFs), a technology developed at Caltech that provides mathematically provable safety.

• Application versatility: The software is adaptable and compatible with popular robotics middleware such as ROS and ROS2, and can support a broad range of robotics applications from warehouse automation to dynamic environments.

3Laws Robotics represents an opportunity for the automotive equipment rental and leasing industry to unlock the full potential of automation. It offers a proactive approach to safety that goes beyond traditional e-stop methods and could become a valuable tool in the industry's drive towards full digital transformation.