While technology is constantly evolving, most laboratories continue to use outdated equipment and manual processes for routine tasks. If you are using obsolete equipment, it may result in problems with precision, accuracy, and output, which can ultimately prove to be costly. If your lab equipment has become obsolete, here are five benefits of upgrading them.
1. It enables you to automate some processes
Your lab processes require a high degree of accuracy and precision, and you may not achieve this with manual processes. Upgrade of lab equipment allows you to enjoy technological advantages by automating routine processes and delivering at more efficient rates than employees would. Automated lab equipment allows for the fast delivery of results through electronic means where one can access them remotely.
The fact that modern lab equipment is equipped with the latest technology makes it more expensive than older versions, and arranging for initial acquisition costs during the upgrading process can be strenuous for an organization. However, you may decide on the leasing option if financing for lab equipment becomes a challenge.
2. Improves efficiency of testing and result delivery
Modern lab equipment has drastically improved testing efficiency by boosting accuracy and minimizing errors, unlike manual testing, where samples get mixed up and end up causing costly and dangerous mishaps. It’s also less cumbersome as most of the work is not done manually.
Additionally, there’s improved efficiency in delivering results; you get feedback for what you tested since there is no room for mix-ups of samples or other mistakes that may lead to false results.
3. Low maintenance cost
If you have to constantly get your lab equipment repaired or your software updated, it may be time to consider an upgrade. With new lab equipment, you will not have to worry about costly maintenance costs for years to come. In addition, you get work accomplished with no downtime and interruptions resulting from equipment failure.
4. It helps improve the skills of your personnel
When you upgrade your lab equipment, trained and skilled people will have to operate it, which requires them to upgrade their skills. In turn, well-trained staff discharge their duties more efficiently and diligently, helping to boost performance efficiency.
5. Tax credit benefits
To qualify for a tax credit, the lab equipment should meet set criteria, such as new and improved features, processes and software. Since most modern lab equipment meets the criteria, the Federal Research and Development (R&D) Tax Credit allows for up to 13% tax credit.
6. High return on investment (ROI)
Even though modern lab equipment’s initial acquisition cost is high, its up-to-date nature and automation processes ensure high efficiency and increased productivity, leading to more sales. Additionally, the new equipment helps save money that would otherwise be spent on the old equipment for frequent and costly repairs.
The continuous advancement of technology is continually affecting many industries and especially the scientific world. Upgrading your lab equipment to meet the latest technological standards will increase the efficiency and effectiveness of your processes and procedures.