Canada needs to prioritize technologies that enable tangible productivity gains that boosts economic growth and raises standard of living for Canadians
Catherine Fortin LeFaivre is vice-president, strategic policy and global partnerships at the Canadian Chamber of Commerce . Ulrike Bahr-Gedalia is senior director, digital economy, technology and innovation at the Canadian Chamber of Commerce .
A string of recent reports speak to AI’s potential, including Accenture’s forecast in a June report conducted for Microsoft that by 2030, generative AI could boost labour productivity in Canada by 8 per cent and deliver $180-billion per year in productivity benefits. Additionally, the Canadian Chamber of Commerce’s Business Data Lab said in a May report that generative AI has the potential to overcome historical business investment barriers, such as financial resources.
Second, we need to recognize that the hype era around everything AI is dying down, making room for more pragmatic conversations about managing risks and incentivizing beneficial adoption. Such discussions are critical at a time when there is much concern that Canada’s proposed Artificial Intelligence and Data Act would undercut AI adoption and related productivity gains.
Canada Commerce Chamber Adoption Leader Aus Productivity Aida Bank Of Canada Organization For Economic Co-Operation Accenture
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