Story image

Kiwi businesses keen to invest in robotics and automation

19 Oct 16

Four in 10 New Zealand businesses say they are interested in investing in robotic processes and automation within the next 12 months, that’s according to the latest Alleasing New Zealand Equipment Demand Index.

One quarter of businesses surveyed said they would consider investing in product assembly and service automation - something that’s emerging as a key investment priority for New Zealand firms.

A total of 44% of firms based in Auckland are interested in robotics or automation - this compares to 41.4% in Wellington and 44.3% of companies based throughout the rest of the country.

Daniel Blizzard, Alleasing chief executive officer, says the early interest in automation and digital integration will give New Zealand firms a future advantage over their Australian neighbours.

“The Index data shows New Zealand firms have a clear appetite for learning more about the next wave of digitisation and automation, and indeed making the decision to invest in it,” he explains.

“Although corporate adoption of these technologies is still in its infancy in New Zealand, the Index data is very promising and suggests firms are already thinking of the major cost, productivity and control benefits on offer, as described by the likes of Accenture.”

The Index also focused on gaining a further understanding with regards to time consuming administrative processes and whether they negatively impact capital equipment acquisition programmes.

“To achieve revenue growth, maximise productivity and adequately prepare for the future, New Zealand businesses need to become increasingly focused on maximising their capital structure,” says Blizzard.

“In addition to this, businesses are suggesting that they want more from the New Zealand government in terms of finding ways to encourage investment and improve productivity.”

Three ways to improve mental health support in the workplace
“Instead of scrambling into action after a crisis, employers need to be more proactive in supporting employees."
Samsung joins a global league of AI experts
“As a member of the PAI, Samsung will strive to facilitate the ongoing progress of artificial intelligence.”
The quid pro quo in the IoT age
Consumer consciousness around data privacy, security and stewardship has increased tenfold in recent years, forcing businesses to make customer privacy a business imperative.
Kordia launches Women in Tech scholarship at the University of Waikato
The scholarship is established to acknowledge and support up-and-coming female talent and future technology leaders.
Mastercard opens Global Tech Hub in Sydney
"Enterprises, SMEs or startups are now able to bypass legacy approaches and develop innovation at an accelerated pace."
Kiwis concerned about being scammed – survey
This unease is warranted given the growing sophistication of scammers and their activities, and numbers of attempted fraud.
With a mighty roar, Rocket Lab blasts off to space
Success! It definitely was business time for Rocket Lab yesterday as its Electron launch vehicle blasted off from the Māhia Peninsula yesterday (November 11).
Commercial drones will only take off if safety is paramount
New Zealand’s commercial drone services could be ready within the next two years, but only if enough research is done to make certain that the public is safe.