3D printer

The group of five business students was made up to work on an incredible project on the latest technology named 3D printers as well as their impact on economy and society. Through the project, a basic knowledge in terms of what a 3D printer is and how it would be useful in the coming decades will be given. 3D printers tend to print any 3 dimensional products which can be used efficiently. The use of 3D printers has various impacts on the target audience in every field of activity like Automobile, Engineering, Healthcare etc. However, some negative impacts of 3D printers are making people in manufacturing sector jobless or dangerous products such as guns might be produced massively with unethical purposes. The primary goal of our group is to provide a project with incites about 3D printers as a new technology to the market and elaborate in its impacts for industries and the effects on economy as it relates to how this technology will change our world. Apart from that, we also aim to generate high return on investment (ROI) as 3D printing technology is an advanced technology with a few competitors and to reform manufacturing standards and practices. At the end of the project, we anticipate that a suitable number of 3D printers, according to results of our market survey and market research, will be introduced into Canadian market and to make our 3D printers become an ultimate tool for such industries of Automobile, Engineering and Healthcare here. We are in need of $17.00 for the project budget which will be spent on items such as printing ($4), project binding ($3), as well as cost for communication ($10). Frequent evaluation will be conducted through the project working process to make clear any doubt, give honest recommendation for group members along the way and make the project adaptable to reality.