Kiwi businesses keen to invest in robotics and automation

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.