Determining the ROI of Lab Automation
If you’re running a laboratory, you’ve likely considered implementing lab automation equipment . Automation is increasingly common, and it is certainly appealing for many; keeping costs down and raising productivity is an enticing offer. If you’ve been considering automating your lab, then you may be wondering what your benefits or return on investment would be for all of that time and money. You need a mechanism to determine the return on investment in automating your lab. First, the question is, why buy lab automation equipment at all? Why Automate? Medical and research labs seek automation for cost savings, error reduction, and process improvements as demands for efficiency, patient and employee safety rise. Economic factors, regulatory constraints, and other obligations necessitate the greater efficiency and cost reduction that automation can give. To satisfy rising demands from all perspectives, the administration of medical and research laboratories requires efficiency in b