Tag Archives: Forbes
3D Printing Will Empower Most Innovative Decade in History – Forbes
Forbes contributor Vivek Wadhwa explains why he believes this will be the most innovative decade in history. Wadhwa is Vice President of Academics and Innovation at Singularity University. Here is his general view:
Why am I so optimistic? Because of the wide assortment of technologies that are advancing at exponential rates and converging. They are enabling small teams to do what was once only possible for governments and large corporations. These exponential technologies will help us solve many of humanity’s grand challenges, including energy, education, water, food, and health.
Among the technologies he cites as game changing this decade, 3D printing has a main feature:
In an emerging field called digital manufacturing, 3D printers enable the production of physical mechanical devices, medical implants, jewelry, and even clothing. These printers use something like a toothpaste tube of plastic or other material held vertically in an X-Y plotter that squirts out thin layers of tiny dots of material that build up, layer by layer, to produce a 3D replica of the computer-generated design. The cheapest 3D printers, which print rudimentary objects, currently sell for between $500 and $1000. Soon, we will have printers for this price that can print toys and household goods. Within this decade, we will see 3D printers doing the small-scale production of previously labor-intensive crafts and goods. In the next decade, we can expect local manufacture of the majority of goods; 3D printing of buildings and electronics; and the rise of a creative class empowered by digital making.
Other technologies Wadhwa mentions include genome sequencing, nanotechnology, micro-electrical-mechanical systems, and artificial intelligence.
Read the full post at Forbes.
Vivek Wadhwa photo by BAIA used under Creative Commons license.
Forbes: 3D Printing Will Cause Real Wages to Rise in Global Economy
Will 3D printing be a disruptive change? Sure, but Forbes believes that we may be surprised by the result.
Contributor Tim Worstall poses an interesting counterpoint to some common conclusions about the impact of 3D printing on the global labor market.
First, Mr. Worstall suggests that there will be an experience curve for 3D printing – it will get cheaper over time to produce similar goods.
Which is, as we know, pretty much the way that manufacturing works. Things get designed, dreamt up, and they start out expensive. As we get better at doing whatever it is then prices start to drop: the clearest examples are in the computing and telecoms industries in recent years. Those examples are almost too tedious to recount in fact, they’ve been used so often.
3D printing will go through much the same process and it’s easy enough to see a time in which one has such a printer just as much as one has a paper printer. Need something, call up the part design over the web, pay a buck or two perhaps (and no doubt there will be open sourcers as well) and print out whatever it is that you wanted.
Now the key question is whether this will lead to an elimination in manual labor. As an example, we recently called the impact of 3D printing on the Indian labor market ”mind-boggling” because labor can be reduced dramatically or replaced by additive manufacturing.
But let us go to the extreme and assume that they are cheaper: so much so that manufacturing really does disappear. What does that do to wages? Yup, a fall in the costs of things is equal to, is by definition the equivalent of, a rise in real wages. So if 3D printers do take off it can only be because, by definition, they make us all richer.
Interesting view point, and one that seems to support the belief that 3D printing will be a $5 billion industry by 2020.
Via Forbes.
Factory photo by Just Add Light used under Creative Commons license.
