Canada is making a bold bet on artificial intelligence to jumpstart its stalled
#productivity — pouring billions into a new national strategy it says could be as transformative as railroads or the printing press. With studies projecting multi-billion-dollar payoffs, the stakes for Canada’s economic future have never been higher, writes
@bea_vdc.
Every dollar companies invest in generative AI returns $3.70, according to a 2024 International Data Corporation study commissioned by Microsoft. Widespread AI adoption could raise Canada’s real
#GDP by between 5 & 8% over the next decade, equivalent to annual productivity growth of 0.3 to 0.7%, Deloitte estimates.
How do we seize the moment? Canada’s AI strategy must account for the nuances of different industries and investment stages, a process that requires detailed, often overlooked work, said Mark Schaan, Deputy Minister to AI Minister
@EvanLSolomon.
“It’s highly, highly unsexy work, but it’s actually super important across all of the verticals of an AI adoption or AI strategy for a country,” Schaan said during a Canada 2020 panel.
Read the first in the AI & The Economy series and comment below with your ideas on how AI can help solve Canada's productivity issues:
meansandways.ca/news-article…
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