automation funding and its use in australia

Australia doesn't make or use anywhere near enough robots, according to the Dept of Industry, Science and Resources and this is why they are preparing a dedicated strategy to encourage more companies to integrate advanced robotics and automation technologies into their businesses.

In 2021 Australia ranked 30th in the world for the installation of industrial robots, but what's holding Australia back?

A lack of understanding by business owners of what solutions are available and what benefits they would provide to their business, is the first barrier to adopting automation. Also, it is believed that the costs for small and medium businesses continue to be prohibitive for adoption, however there are finance options such as operating leases, that allow you to spread the total implementation cost, including hardware, design, implementation and software costs, over 5 - 7 years, in monthly payments.

Shane Duffy is the founder of Finance Story, a finance brokerage dedicate to helping businesses grow, particularly through the use of technology. Shane has 25 years of manufacturing and supply chain experience in the areas of operations, IT, consulting and solution design. He uses this experience in his finance broking business to develop specialised financial solutions for his clients. This article is intended as information only and does not constitute legal or financial advice. Please seek independent legal and financial advice when assessing the feasibility of any project.

Shane Duffy | Oct 2021