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Canada Leads the World in A.I. Talent Concentration Says New Report from Deloitte Canada's AI Institute
Friday, November 3, 2023
Vancouver, BC, November 3, 2023--(T-Net)--A report published by Deloitte Canada's AI Institute outlines the ways in which the federal Pan-Canadian AI Strategy has created significant social and economic benefits for Canada, with our AI sector outperforming that of many G7 peers.
The report also details necessary steps that Canadian companies must take to seize on this moment of opportunity with this globally transformative technology.
Impact and Opportunities: Canada's National AI Ecosystem Report - 2023 was prepared by researchers at Deloitte Canada in collaboration with the Canadian Institute for Advanced Research (CIFAR) and Canada's three National AI Institutes: Amii in Edmonton, Mila in Montréal, and the Vector Institute in Toronto.
A discussion of the findings were included at a panel at ScaleAI's recent ALL-IN conference with the leadership of the CIFAR Pan-Canadian AI Strategy and National AI Institutes, moderated by April Fong of The Logic.
Among the report's highlights:
The report also includes findings from a survey conducted in March 2023 of 375 business executives and senior managers operating enterprises across Canada. The survey found significant room for improvement in the area of AI adoption, with just 26% of surveyed organizations having launched one or more AI implementations, compared with 34% globally. Forty-two percent had exploratory AI pilots in place, on par with their global counterparts. Only 36% of surveyed organizations globally felt their data-management and data-governance process maturity was in the mid-to-high range.
These survey results reinforce an argument that Canada must sustain and accelerate Canada's AI advantage through a multi-pronged approach that includes:
"Canada has become the springboard to advance AI-fueled enterprises around the globe. Our openness to newcomers, our highly skilled workforce, our banking stability with access to global markets, and our commitment to a standard of living that is second to none has allowed us to translate our ideas and curiosity into tangible solutions that address real-world challenges and opportunities. Our future success depends on embracing an entrepreneurial, inclusive, and responsible culture that generates—and delivers on—these ideas for good. As we strive for success, we must be mindful of the challenges that exist across the AI ecosystem, including responsible and ethical AI deployment, targeted investments to scale AI-fuelled enterprises, talent acquisition, and AI fluency. By addressing these hurdles, we can move toward an environment that encourages innovation and provides a platform for AI-driven initiatives to thrive. Our collective efforts today will determine our position on the world stage tomorrow. This is how we shape the future of ethical AI and use of data to make an impact that matters for our communities, our country, and our planet." said Anthony Viel, Chief Executive Officer, Deloitte Canada.
Impact and Opportunities: Canada's National AI Ecosystem Report - 2023 Download the full report
About Deloitte
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500 companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients' most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
Our global Purpose is making an impact that matters. At Deloitte Canada, that translates into building a better future by accelerating and expanding access to knowledge. We believe we can achieve this Purpose by living our shared values to lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact.
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