Canada’s largest industries, including financial services and energy, will also be those most disrupted by artificial intelligence, putting pressure on the country’s traditionally conservative businesses to become early adopters, according to a new report.
The report suggests strong interest by Canadian firms in those most affected industries, namely financial services and energy, to explore the technology and its potential benefits, and Mr. Banerjee says employees will soon see those changes incorporated into their work. Mr. Burt, however, said there’s reason to believe this time will be different. “I’m not sure I’d bet on us being a laggard on this one, because it’s going to impact some of our major industries, and we’ve already got some of the building blocks here in Canada; we’re not starting from the beginning,” he said.
Dr. Thomas explains that unresolved ethical, legal and practical challenges have prevented most from adopting generative AI tools on a broad scale, but adds that many Canadian companies have begun investing, experimenting and watching the field closely.
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