Canada’s productivity lag could be helped by getting AI in to small business

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Despite all the buzz around AI in the past year or so, most Canadian businesses are in no hurry to jump on board

The two are related. Get over the latter – especially as it relates to“There’s been a lot of focus on the safety, the guardrails required around AI – totally legitimate, needed conversations. There has been a lot less attention, though, on the positive impacts or the productivity links that AI can bring,” Catherine Fortin LeFaivre, vice-president of strategic policy and global partnerships at the Canadian Chamber of Commerce, said in an interview last week.Ms.

In larger businesses – those with more than 100 employees – the lure of AI looks greater, with 16 per cent saying they plan to adopt some new AI within the year. AI adoption looks to be a much bigger problem for small companies of 5 to 19 employees, among which 5.5 per cent planned to adopt AI. “While Canada has been relatively effective at getting large firms on board with AI technologies, small firms have been left behind.”

“Imagine if every professional had an extra hour every day. Maybe that’s what we’re needing,” Ms. Fortin LeFaivre said.

 

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