INTELLIGENT AUTOMATION: THE TRUE COST OF OWNERSHIP
When implementing automation solutions in the industry, it’s important to consider the Total Cost of Ownership (TCO), which includes all direct and indirect costs associated with an asset over its useful life. TCO covers acquisition, installation, operating, and retirement costs. Evaluating TCO helps make informed decisions, compare different options, and plan budgets effectively. Examples of reducing TCO include using industrial robots and artificial intelligence to improve precision and prevent failures.
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