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Murat Kristal, AI and business analytics expert at Schulich School of Business, says it’s time Canada accelerates the development of an AI strategy to stay competitive.Canada can be a world leader in artificial intelligence, but our AI future depends on developing the right strategy now, experts say.
One significant step forward, she says, is the federal government’s spring budget announcement to earmark $2-billion over the next five years to launch an AI Compute Access fund and a Canadian AI Sovereign Compute Strategy. Although Canada was the first country to come out with an AI strategy in 2017, its ranking on AI infrastructure dropped from 15th to 23rd from 2021 to 2023 out of the 61 countries, according to Innovation, Science and Economic Development Canada infrastructure ready to handle AI and the increasing burden of data transfer? Do we have the energy infrastructure to support AI? If we’re adding data centres, can we power them on an electricity grid that doesn’t increase greenhouse gas emissions?” Dr.
“We need the right tax structure and business conditions to attract and keep people who work on AI,” she says. “The commercial real estate industry, like many non-tech sectors, is exploring how to leverage AI,” says Victoria Papp, senior director, strategy and innovation at BOMA Best, the national certification program for building owners and managers.
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