How will your company navigate the unfolding AI era when Canada is already trailing in the global AI race? Are you prepared to transform challenges into opportunities and redefine the Canadian business landscape in the age of AI?

Canadians have a penchant for caution.

And a big aversion to risk.

Which is supremely ironic considering the majority of us have invested much of our life savings into arguably one of the biggest bubbles in history.

I don't think real estate will ever escape these conversations.

Not for the foreseeable future.

Especially during the era of these elevated rates.

It's just so easy to compare to when it comes to where we focus our resources and energy.

A tried and true investment and promise of return for decades?

Profoundly subsidized by multiple governments?

Why would Canadians venture anywhere else?

That is a difficult question to answer, but an even harder one to swallow once you realize just how far behind we are in terms of innovation and technology.

It's like an entire generations skipped over learning about computer systems, engineering, or even the basics of our digital environments.

We like to use Facebook, Google, and send emails, and text messages.

But do we actually know how these tools work?

And now that we are faced with an even greater knowledge leap into the world of AI, how many of us are technically prepared?

How many of us are completely in the dark?

Regardless of where you are, the importance of understanding new technologies, and subsequently adopting them into our lives is of critical importance.

In many ways, technology is the measurement to which humanity determines how far it has evolved.

And for some reason Canadians chose to continue to just cut wood and lay bricks.

Instead of expanding our infinite and digital horizon.

But the money, Alex!?!?!

The return on investment for those who bought 10-20 years ago?!!

Ok that's fair.

But was the value of our physical and unchanging structures supposed to grow forever?

Is this market the only one we will ever cling to?

Now what?

Until next time.

Alex, Peak Demand

alex@peakdemand.ca

TEXT +1 (647) 691-0082 to chat with our AI assistant 'PeakBot'.

or

Email to PeakBot@email.peakdemand.ca chat with our AI assistant 'PeakBot'.

A summary of the article is included below.

Original Article: AI is ready to disrupt. So why is corporate Canada slow to adopt it?

Link to The Logic Article: https://thelogic.co/news/special-report/ai-is-ready-to-disrupt-so-why-is-corporate-canada-slow-to-adopt-it/

Summary: The article from The Logic discusses the slow adoption of AI technology by corporate Canada despite its potential to disrupt various industries. It highlights Canada's unique opportunities and risks in leveraging AI, including insights from industry leaders and comparisons with international counterparts. The article emphasizes the need for Canadian companies to be more proactive and curious about the advancements in AI and its implications for their businesses.

Takeaways:

• Hesitation: Despite AI's potential, Canadian businesses show a significant lag in adoption compared to global counterparts. This hesitancy is rooted in a cautious approach towards new technologies and a lack of urgency in embracing AI-driven solutions.

• Innovation Gap: The article points out a notable innovation gap in Canadian corporate sectors, where there is recognition of AI's benefits but slow movement in implementing these technologies effectively.

• Cultural Barriers: Cultural resistance and organizational inertia within Canadian companies are major impediments to AI adoption, preventing a swift move towards integrating these technologies.

• Leadership Insights: Industry leaders emphasize the importance of overcoming these barriers and advocate for a more forward-thinking approach to AI, highlighting the need for Canadian businesses to be more adaptable and proactive.

• Strategic Importance: It is stressed that adopting AI is not just about technology, but also about a strategic shift in how businesses operate, requiring new mindsets and operational models.

• Competitive Edge: The slow adoption of AI is seen as a missed opportunity for Canadian businesses to gain a competitive edge, especially in a global market where other players are rapidly advancing in AI integration.

• Government Role: The article also discusses the role of government in fostering a conducive environment for AI adoption, suggesting the need for supportive policies and investments.

• Future Trends: Looking ahead, there is an expectation that AI will become increasingly critical in business operations, and Canadian companies will need to adapt quickly to stay relevant.