R&D in automation
Thanks to automation, the productivity of companies has been enhanced. R&D is an essential component of automation as it provides an easily accessible platform for new innovations to introduce new products and services, as well as adding features to old products. R&D offers an increase in the company’s productivity and reduces the cost of production.
Every firm, be it an SME or a larger corporation, requires automation in order to survive in today’s market. With R&D tax credits, automation sectors are able to constantly find ways to increase their production efficiency while reducing the amount of tax they pay on profits and receive a tax credit if they are loss-making.
An example is the laser-cutting industry, where automation has brought about exponential developments in the sector.
Aspects of automation which are eligible for R&D
Artificial intelligence is the term given to intelligence shown by machines. It has the capability to improve the speed, efficiency and accuracy of tasks currently performed by humans. Below are the aspects of A.I. that are eligible for the R & D A.I. tax credit.
Software is vital to any automated industrial processes, acting as the brains behind any operation to give commands to any hardware that might be used in the process. With significant R&D progress in this area, processes could become more automated and less reliant on human interference, making them even more efficient and profitable.
Hardware is just as, if not more, important as the software in any automated industry. Without hardware, you can’t make anything physically happen, and in the last decade, significant advances have been made in this area. The growth of robotics has led to far more effective production, spurred on by R&D.
Integrating with legacy systems
Many companies struggle to or fail to transfer from old legacy programs to newer technology, whether due to high cost or new training requirements. R&D has recently taken forward emulation technology that links together old and new software, to smooth the transition from older systems to new. In this way, R&D becoming cheaper with tax credits means that future transitions become far easier, getting companies onto newer, more efficient systems even faster.
Programmable logic controllers
These are industrial digital computers, which use programming to control the manufacturing process. Heavily involved in the automation process, Programmable Logic Controllers (PLCs)are made faster and more effective with every R&D breakthrough that comes. Companies with heavy PLC usage may rely on R&D to make far greater progress and stay competitive.
The human-machine interface translates user inputs as signals to inform the function and behaviour of automated hardware. This is a technological area that allows a link between human employees and automated processes, letting human intervention work to refine the company’s automated manufacturing work.
Design, manufacturing and integration
Design and manufacture of goods can be helped significantly by R&D, due to the streamlining of the design process from concept, to design, to manufacture. This has been helped by a wide variety of programs that have been developed through R&D funding and could see further improvements as tax credits are applied.