E-Business
Study Finds Additive Manufacturing as Playing Significant Role in Digital Transformation
With 3D printing making an impact on the digitalization of manufacturing and the disruption of industries, a new study by HP in partnership with 3dbpm Research found that additive manufacturing (AM) is playing a significant role in enabling this transition.
According to the study, which analyzed key digital manufacturing trends among leading industrial parts manufacturers in Europe, 96% of respondents agreed that additive manufacturing helps them to get products to market faster, with 100% of respondents recognizing the importance of increasingly digitizing their production workflows with the ability to produce parts on demand as the biggest driver of this behavior.
In addition, it was discovered that 63% of European parts manufacturers who took part in the survey will invest from €100,000 to over a million in digitalization over the next 12 months, as the power of this agile ecosystem and technological capabilities are proving themselves in the most demanding of circumstances.
The HP AM Trends in EMEA Report dissects the motivations and investment strategies of manufacturers across five key European markets: France, Germany, Italy, Spain, Benelux and the United Kingdom.
Led by 3dpbm, a sample of industrial parts manufacturers of varying sizes and across a broad range of specializations were independently surveyed.
The study examines how firms that have already implemented digital and AM manufacturing processes for the production of industrial parts, perceive the benefits of pursuing such a strategy, and to what extent they expect the macrotrend to continue to accelerate in the short and medium-term.
“A digital transformation of manufacturing is underway,” said Guayente Sanmartin, Global Head & General Manager, HP 3D Printing Multi Jet Fusion Business. “The leading companies of the future will be those that harness the power of software, data, AI, and digital manufacturing to reinvent and personalize customer products and experiences.
Great progress has been made over the last few years, with our HP Multi Jet Fusion technology delivering more than 60 million 3D printed parts since its inception. The need for this technology has increased exponentially over the last 15 months.”
The report indicated that sustainability has an influence on the decision to digitalize manufacturing workflows, with 61% of respondents agreeing that it is a relevant factor driver behind digitalization.
In addition, 91% noted that the ability to produce parts on demand was an important benefit, with a further 79% of those surveyed believing that additive manufacturing helps them deal with production challenges – such as the ability to adapt to fluctuating demand.
“The advanced capabilities of 3D printing are creating entirely new opportunities for disruption across industries and with a far more environmentally sustainable approach, which is a significant driver for manufacturers today,” added Sanmartin. “3D printing and its intrinsically flexible nature empowers a more circular economy.”
The report reveals that additive manufacturing operates as a key opportunity in the digitalization of industrial manufacturing processes, with digitalization considered a necessity for the near entirety of manufacturing processes by a large majority of survey respondents (96%).
The use of additive manufacturing in industrial parts manufacturing was reported as key to producing more cost-effective components, as well as making better products at faster speeds.
UK and German industrial parts manufacturers interviewed are planning the most significant investments in digitalization and additive manufacturing, with 50% of British and 40% of German respondents saying they intend to spend more than €1 million over the next five years.
Other findings revealed that 83% of survey respondents use additive manufacturing for the actual production of components and tools to make commercial products, with half of them (52%) already making complete finished products which is the final frontier of addictive manufacturing.
“3D printing is no longer exclusive to tools and small volumes of parts,” said Stijn Paridaens, CEO of Digital Manufacturing service bureau ZiggZagg. “It is having a much bigger impact for our customers and it is why we are investing in 3D as the primary manufacturing offering for our customers.
“We believe HP Multi Jet Fusion Technology is the leading industrial technology to enable us to go from small series productions to medium and, in some cases, even large production of up to 200,000 final parts.”
This report builds on the findings of HP’s Digital Manufacturing Trend Report published in October 2020, providing a more extensive analysis of key drivers, investment strategies and country specific trends within Europe.
Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding with Mastercard to enhance data protection in Nigeria.
Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
The agreement was sealed during a workshop where 150 Data Protection Officers (DPOs) were trained on Data Protection Impact Assessments (DPIAs).
Dr. Vincent Olatunji, commissioner, NDPC, said the event kicks off activities for the 8th NADPA conference, highlighting government efforts to train more certified DPOs.
Olatunji also disclosed the Federal Government’s commitment to increasing the number of certified DPOs with the required skills to manage data protection.
He noted that Nigeria’s digital-savvy youth are key to driving this agenda.
“Human capital is really key to us, and the ecosystem we are regulating is very special. It is still new, still emerging, and we need all we can to build the capacity of officers.
“We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.
“We are targeting to build the capacity of 250,000 DPOs annually, and we are working with partners like Mastercard to achieve that,” he said.
Derek Ho,deputy chief privacy officer, Mastercard, also stressed the need for collaboration to build trust in the digital economy and urged participants to embrace training as data protection keeps evolving.
Central Securities Clearing System PLC (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025.
The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users.
Also, this service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service.
As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms.
Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, managing director/chief executive officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.
“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon.
This innovative service offers investors streamlined and secure access to critical market information at their fingertips.
Aisha Umar Mumuni, chief digital officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.
“By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency,” she said.
CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.
This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.
The need to maximise local digital assets, amid dwindling Oil revenues and a struggling economy, has been reiterated by the Chief Executive Officer of Quomodo Systems Africa, Oluwole Asalu, who maintained this measure remains the path to prosperity.
Asalu, while addressing the press in Lagos, recently asserted that global shift towards digital economies, presents a pivotal opportunity for Nigeria at this time to mobilise sufficient resources towards effective governance.
He emphasised harnessing the burgeoning local digital economy to expedite national diversification goals, while break away from overdependence on oil output.
Asalu, boasted further that Nigeria’s tech-savvy, youthful population and increasing recognition from global tech giants already position its digital sector as a driver of inclusive growth and job creation.
“Nigeria’s overreliance on oil is no longer tenable. As global markets shift towards renewable energy, the urgency to diversify has never been greater. Technology stands out as the most promising avenue, not merely as a sector, but as an enabler of growth across all facets of the economy,” he explained.
According to him, Nigeria’s tech talent remains the new oil, a renewable resource with the potential for significant returns, if strategically harnessed.
Like India’s successes in information technology services, Asalu want Nigeria to tap into lucrative outsourcing industry to draw foreign investment.
“Foreign investment in Nigeria’s tech sector is rising. Programmes like Digital Explorers have led European firms such as Telesoft to establish operations in Nigeria. Tech giants like Microsoft and Facebook have followed suit, injecting capital and creating jobs,” he stated.
He again pointed to the emergence of three unicorns within Nigeria’s tech ecosystem as a breakthrough and sign of maturity.
“Nigeria’s tech ecosystem is already showing signs of maturity, with three unicorns emerging from its soil. These success stories, powered by local innovation, underscore the viability of a home-grown, world-class tech sector,” he affirmed.
He however emphasized urgent need to close existing gap in skills and infrastructure, in addition to embracing governance and collaboration to fully harness digital potential cum future.
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