The companies matters most in making more money and they are always on the lookout for ways to minimize the costs to make the profits for the products they make. This is where factory automation comes into play. A factory that relies heavily on automation minimizes their expenditure as they have not to pay the labor costs, to produce products thereby increasing profits all the way around.
For every new innovation implemented there is always a debate on the pros and cons of it. So let’s discuss over here the advantages and disadvantages of the industry innovation over here.
Automation relies on programmed machines to perform tasks which were performed by a human before. One of the problems is that these machines cost in the millions of dollars, which means a very high initial investment for the company before it starts. Now the investment which is made is meant to be recovered. Now the investor’s thinks to recover it fast in the mode of profits but it’s necessary to get the investments back either if it’s in fast or slow mode. Now it’s depend on the way the production is done or starts and how the work gets completed in the right time to get it delivered to the market to earn good profits to recover the investment. So it is very important to choose the way of production to turn the organization into profits. In theory, the investors can make the investment back in a few years by not having to pay an employee to do the job, who was replaced by the machine. But what if the job becomes unnecessary? This means that they spent a lot of money that was not needed. This money can be invested in the other part of business to develop the organization, like hiring skill workers in other departments where machines can’t replace human.
The other debate can be as these machines are machines which can replace man but never can replace the brain of man. It is the human who can react to any debacle happen at any time of production, but whereas the machines don’t have the much knowledge to react at any debacle till the program for the machine is not structured to do so. Most of us think that the machines are perfect to replace human but it is not the case. The machines have to be updated every time a debacle occurs so that the machine is ready for the next time so that the loss does not occur next time. Whereas the human is always ready for anything and to sort out the problem anytime required.
The other biggest factors affected by the automation of the industry are the humans, because of loss of work. It takes jobs away from the people who need them badly. It does harm the economy because the more people that are out of jobs the worse the economy is. This can change the face of the region.
So there are many advantages and disadvantages of automation, but this has to be utilized limitedly for the benefit of human kind but not to worse hit the human life. Utilize it for the best cause to serve human in the best way.