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that's that's a million dollar question
and and and thankfully it doesn't it's
not a million dollar answer
right
so
it's the answer is a lot less
than what you think so as i mentioned
costs are dramatically uh coming down
now we've been in this business for
a dozen years or so a little bit more
actually we we started in september
in
2008 and uh yeah it's been 13 years now
so
um but when we started off you know the
cost of you know these
primitive or what is seemingly primitive
today
um algorithms and systems were
exorbitantly high and the affordability
was also out of the question
and there is a number of factors that
are just driving in
and you know just like anything else
it's volumes right so if you produce
and if you have a demand for huge huge
volumes you're naturally going to drop
the price with the loss
of economics when you know
the laws of scale that come in the favor
and and that's happened with vision
systems as well so there's robots which
are material handling automation
conveyors all those things are
dramatically coming down the cost of
cameras
have dropped you know by almost a tenth
because they used to cost lacks of
rupees you know in dollar terms
thousands of dollars and they're now
coming down to hundreds of dollars tens
of thousands rupees and they're going to
come down even further
and software has capabilities because of
computers
being very advanced and being very
capable
those prices you know as well have
have dramatically reduced so the only
part of it which was software which was
very specialized software
was the biggest cost
and it wasn't just the software but the
engineering services
because everything was very customized
and the effort to develop these
solutions is extremely high because
everything needed
these rule-based complex programming and
rule-based solutions
now with simple example based teaching
with ai all these things are starting to
dramatically drop
now to put some numbers into perspective
right so we've done systems
as part of qualities and as
low as a couple of thousand dollars when
it comes to just the software
and they can be as high
when you add these things up
with
um
material handling and all that it can go
up to even you know a couple of hundred
thousand dollars but
you know if you look at just the
software alone which you know we are
um doing and and we are also
offering
uh software inspection as a service
and you know ai based inspection as a
service which is you know as low as a
couple of thousand dollars a year
right which can easily replace a human
labor
and do it at a much faster
and a more accurate
pace
so you know things are getting a lot
more affordable than one
things
is just that
you need
the other elements of this
to come into place so if you already
have a mature automated assembly line
and things are moving in front of the
camera and you just have a simple
inspection problem which requires one
camera
then you can deploy these and and have
this automated in in you know a few
weeks not even a few months which
earlier was the case
and do it at you know ten thousand
dollars or maybe fifteen thousand
dollars
less than that total cost of ownership
across three years so
um things are getting affordable and if
you're not looking into this you're
missing out
and
of course it's a lot more lucrative
in these high labor cost countries but
it's very affordable in india as well
and people are starting to look look at
this very seriously
so is your 10 000 to 15
000 estimate
does that include all three pieces of
the solution or just the software
no it's all all three a complete
solution total cost of ownership across
you know very entire in that range so
one could you know have a very robust
system at something like that
and
replace maybe two humans and get roi
back within a couple of years
within less than a year
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