How to better support the Technological Sector
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This document discusses various emerging technologies and provides recommendations to support technology growth in Canada and globally. It outlines the top technologies for 2020 including 5G, drones, wearables, 3D printing, edge computing, blockchain, quantum computing, IoT, robotics and AI. It also discusses characteristics of fast growing companies including exporting products worldwide and embracing transparency. The document recommends that governments support up-and-coming tech companies through initiatives like export development and leveraging trade deals.
How to better support the Technological Sector
- 1. TECHNOLOGY – WHAT NEEDS TO HAPPEN FOR CANADA AND THE WORLD PAUL YOUNG CPA, CGA SEPTEMBER 19, 2020
- 2. PAUL YOUNG - BIO • CPA, CGA • Academia (PF1, FA4, MU1 and MS2) • SME – Risk Management • SME – Emerging Technology • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – Cost to Serve modeling • SME – Supply Chain Management Contact information: Paul_Young_CGA@Hotmail.com
- 3. OVERVIEW Both business and government continue to shift their operational model to a more digital and cloud model.
- 4. AGENDA • Sluggish Growth • Top Technology – 2020 • Top 7 – Amazing Technology / 2017 • Stock Market • Top Technologies for 2019 • Top 25 fastest growing companies • Trading and Disruptive Technology • Streaming • Key characteristics of fastest growing companies • What can be done to support up and coming companies • Virus/Crisis Management • Blog – Trudeau and Technology • Blog – Clean Technology • Blog – AI • Country ranking by entrepreneur • Brain Drain • Small Tech vs Large Tech • Disruptive Technology • Top areas of focus for information technology • Data and AI • Education • What’s need to happen
- 5. TOP TECHNOLOGY FOR 2020 Source - https://www.simplilearn.com/top-technology-trends-and-jobs-article
- 6. TOP TECHNOLOGY TO WATCH – INDUSTRY WEEK Source - https://www.industryweek.com/technology-and-iiot/media-gallery/22028670/top-10-technologies-to- watch-in-2020 1. 5 G Network - https://www.slideshare.net/paulyoungcga/global-security-threats-from-5g-leads-to-new-selection-of- 5g-vendors 2. Drones 3. Wearables 4. 3D Printing - https://www.slideshare.net/paulyoungcga/3d-printing-whats-next 5. Edge Computing - https://www.marketwatch.com/press-release/edge-computing-market-is-set-to-experience- revolutionary-growth-by-2027-key-players-cisco-hpe-dell-technologies-ibm-amazon-web-services-foghorn-systems- 2020-08-25?mod=mw_more_headlines&tesla=y 6. Blockchain - https://aithority.com/guest-authors/blockchain-technology-in-the-future-7-predictions-for-2020/ 7. Quantum Computing - https://www.quantaneo.com/Top-5-trends-in-quantum-technology-to-look-for-in- 2020_a397.html 8. IOT 9. Robotics and Automation - https://www.slideshare.net/paulyoungcga/whats-next-for-automation-private-and-public- sector 10. AI and Machine learning
- 7. STOCK MARKET – SEPTEMBER 20, 2020
- 8. TOP 7 AMAZING TECHNOLOGY 1. 2019 Robotics usage is estimate to be $115B or about 18% increase - https://www.roboticsbusinessreview.com/manufacturing/global-spending-on-robots-drones-to-top- 115b-in-2019-says-idc/ 2. IoT/Sensors market - IoT Sensors Market was valued at USD 5,050.0 million in 2017 and is expected to reach USD 22,150.0 million in 2025, growing at a healthy CAGR of 32.9% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. – Source - https://journalbitcoin.com/iot- sensors-market-2019-2025-emerging-market-trends-size-share-and-growth-analysis/ 3. 3-D Medical Implants –According to the report, global 3D printing medical devices market was valued at approximately USD 0.89 billion in 2017 and is expected to generate revenue of around USD 2.34 billion by the end of 2024, growing at a CAGR of around 18% between 2018 and 2024. Source - https://globenewswire.com/news-release/2018/07/18/1538822/0/en/Global-3D-Printing-Medical- Devices-Market-Will-Reach-USD-2-34-Billion-by-2024-Zion-Market-Research.html 4. UN – Basic Right / Internet Access - https://www.techzim.co.zw/2019/01/internet-access-is-a-human- right-united-nations-report/ 5. Car Sharing - MRS Research Group added Market Research has published a new report titled Global Car-Sharing market was estimated at USD million in 2018 and expected to reach USD million by the end of 2025, growing at a CAGR of between 2018 and 2025. – Source - https://globenewswire.com/news-release/2019/01/15/1691561/0/en/Global-Car-Sharing-Market- 2018-is-Set-to-be-a-Billion-Dollar-Industry-by-2025-According-to-Market-Forecasts-MRS-Research- Group.html 6. Phone implants – Wearable devices - https://www.dr-hempel-network.com/digital-health- technolgy/implantable-wearables-in-healthcare/ 7. AI / Manufacturing - The AI in manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025, at a CAGR of 49.5% - Source - https://www.prnewswire.com/news- releases/the-ai-in-manufacturing-market-is-expected-to-grow-from-usd-1-0-billion-in-2018-to-usd- 17-2-billion-by-2025--at-a-cagr-of-49-5-300785186.html
- 9. ECONOMIC GROWTH Source - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf or https://www.scotiabank.com/ca/en/about/economics/economics- publications/post.other-publications.global-outlook-and-forecast-tables.scotiabank's-forecast-tables.2020.august-4--2020.html
- 10. TOP TECHNOLOGY FOR 2019 Source - https://www.simplilearn.com/top-technology-trends-and-jobs-article Technology Canada Rest of the World Artificial Intelligent Cdn busineses are struggling with adopting AI - https://www2.deloitte.com/ca/en/pages/press- releases/articles/ai-adoption-among-canadian-businesses-stagnant.html Asia and EU dominate the adoption http://strategyonline.ca/2018/09/20/how-canadian-companies-rank-on- ai-adoption/ Machine Learning Machine Learning adoption has been slowed in Canada https://business.financialpost.com/technology/canada-risks-losing-its-artificial-intelligence- edge-as-adoption-lags-and-the-tech-goes-mainstream Machine learning adoption is world-wide issue as there is lack of skill - https://www.information- age.com/machine-learning-adoption-123477194/ Robotic Process Automation or RPA Canadian businesses have been adopting robotic technology - http://www.digcompass.ca/intelligent-industrialization-the-next-wave/mapping-canadas- industrial-automation-industry/ Asia and EU have adopted robotic/automation for many years. https://www.scottautomation.com/news/articles/robotic-boom-will-bring-1-3-million-robots-by-2018/ Blockchain Canada is leading in development of block chain - https://cointelegraph.com/news/why-canada- has-emerged-as-a-leading-blockchain-and-crypto-nation-expert-take Blockchain is expanding globally - https://irishtechnews.ie/global-blockchain-adoption-which-countries-are- leading-the-charge/ Edge Computing More and more Cdn businesses are adopting edge computing - https://www.itbusiness.ca/slideshows/what-does-2019-have-in-store-for-canadian-enterprises Market continues to grow https://www.grandviewresearch.com/industry-analysis/edge-computing-market Virtual Reality and Augmented Reality Cdn businesses have been slow to adopt AR - https://www.statista.com/statistics/866903/canada-augmented-virtual-reality-market-size/ Global market continues to see growth - https://www.marketwatch.com/press-release/virtual-and- augmented-reality-market-is-set-to-grow-us-117-billion-by-2022-2019-01-03 Cybersecurity Canada can do more to support cybersecurity - https://www.itworldcanada.com/article/cyber- security-predictions-roundup-for-2019/413245 Global Market continues to see growth - https://www.businesswire.com/news/home/20181221005269/en/Global-Cyber-Security-Market-2024- Increase-E-commerce Internet of Things More can be done - https://business.financialpost.com/investing/five-canadian-iot-stocks-flying- under-the-radar There has been a slow adoption around the world - https://www.prnewswire.com/news-releases/iot-growing- in-importance-but-enterprise-adoption-lags-pace-of-development-says-isg-research-300625588.html Cloud https://www150.statcan.gc.ca/n1/daily-quotidien/190313/dq190313b-eng.htm “In 2017, over 4 in 10 enterprises (42.8%) used at least one type of advanced technology. Business intelligence technologies (22.5%), such as cloud-based computing systems and big data analytical tools” Global market” The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion, up from $182.4 billion in 2018, according to Gartner, Inc.” - https://www.gartner.com/en/newsroom/press-releases/2019-04-02-gartner-forecasts-worldwide-public- cloud-revenue-to-g Digital Public and private sector are slowly adapting to digital Many countries continue to move forward with digital strategy
- 11. TOP STEAMING SERVICES Source - https://www.makeuseof.com/tag/the-best-tools-to-watch-tv-on-your-computer/ Ranking Name 1 Netflix 2 Hulu 3 Amazing Prime Video 4 Vudu (Walmart) 5 Xfinity Stream 6 iTunes 7 Google Play 8 FandangoNOW 9 Sling TV 10 YouTube TV 11 Playstation Vue 12 DirecTVNow 13 USATVNow 14 PlutoTV 15 FuboTV Many network have their own streaming services, i.e. TSN, CTV, CBS, ABC, etc. Disney+ Launched - November 2019 Source - https://www.forbes.com/sites/donreisin ger/2020/06/19/disney-says-its-ended- the-disney-free-trial-because-of-its- compelling-entertainment- offering/#f8c1487ef319
- 12. FASTEST GROWING COMPANIES/CANADA – TOP 40 Source - https://www.canadianbusiness.com/lists-and-rankings/growth-500/2018-ranking-g500/
- 13. TRADING AND INVESTING – DISRUPTIVE TECHNOLOGY Source - https://www.nextbigfuture.com/2019/03/trading- investing-with-disruptive- technologies.html?utm_source=feedburner&utm_mediu m=feed&utm_campaign=Feed%3A+blogspot%2Fadvanced nano+%28nextbigfuture%29 Fund managers have already embraced cutting- edge technology in the form of blockchain and over 2000+ digital counties which now populate this fantastic new arena. A caveat is in order however: the spectacular growth which saw this industry exceed $800 billion by Q4 2017 rapidly reversed to become a $133 billion market by present-day standards.
- 14. IT OUTSOURCING Source - https://www.cfo.com/technology/2019/08/it-outsourcing-at-a-five-year- high/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO- email&utm_medium=email&utm_content=CFODailyAlert_Tuesday_2019-8-6&utm_term=technology
- 15. CHARACTERISTICS OF FAST GROWING COMPANIES • Take on the world (exports) • Export Development Corporation • Leveraging Trade and Investment deals (FIPA) • Embrace transparency • Motivating employees to succeed • Stock Options • Compensation • Empowering collaboration • Become a skills factor • Continue to develop key skills that will drive performance (IT, Supply Chain, Pragmatic Marketing, etc.) • Cultivate resilience • Those that adjust to changes survive prosper and those that do not are gone • Build with a big mind • Constantly review business processes to ensure efficiency, controls and effectiveness are enforced.
- 16. SMALL BUSINESS TAX CHANGES Source - http://www.bnn.ca/rosenberg-proposed-small-business-tax-changes-make-no-sense-1.860591 The federal government’s proposed changes to taxes for private corporations “make no sense” and will increase the chances of a Canadian recession, according to Gluskin Sheff Chief Economist David Rosenberg. “The consequences of these proposals are going to be very far reaching,” the influential economist told BNN in an interview Tuesday. “We are going to add on another layer of complexity to the Canadian economy right now with these tax changes -- that makes absolutely no sense to me, whatsoever.” Despite the recent strength of Canada’s economy, Rosenberg says the outlook for Canada remains precarious as the economy braces for the impact of a rising loonie, a housing slowdown and continued uncertainty about the future of the North American Free Trade Agreement. “The risk of a recession is obviously heightened by these tax changes,” he said. On top of that, small businesses in Ontario have already absorbed higher provincial taxes and could soon face a 30 percent hike in the minimum wage and rising electricity rates. The circumstances are eerily similar to the early 1990s when Ottawa brought in the controversial Goods and Services Tax that pushed Canada’s economy into a recession, Rosenberg said.
- 17. CANADA AND IT HUB Source - https://techcrunch.com/2017/04/20/canada-is-north-americas-up-and-coming-startup-center/ And it’s no surprise that startups excel in the country. Sure, there is less access to VC funding and the persuasive call of Canada’s southern neighbor, but the Canadian government is working hard to build and keep successful startup ecosystems. There is a huge selection of government aid available to small businesses, some of which includes grants that don’t have to be paid back. Alongside substantial government backing is Canada’s array of world-class universities. The University of Waterloo — increasingly known as Canada’s answer to MIT — sees incredible numbers go to Silicon Valley every year, while others all over the country produce thousands of talented grads. While eventually losing out to Colombia, Canada was shortlisted as country of the year by The Economist in 2016. The United States’ northern neighbor boasts world-class universities and resources to develop talent and, currently, the Canadian dollar is 0.75 cents to the American dollar. This means a highly educated workforce is available for less capital for entrepreneurs all over the world who are ready and willing to make the leap to Canada • Government innovation funds - https://www.slideshare.net/paulyoungcga /federal-government-programs-to- support-innovation-and-business • CPC continue on the commitment started by Paul Martin in terms of innovation Funds - http://www.ottawalife.com/article/innova tion-in-canadas-science-and-technology- sector-prime-minister-stephen-harpers- new-strategy • IBM and Federal Government - https://beta.theglobeandmail.com/news/ politics/ottawa-reveals-details-of-15- billion-fund-for-science- strategy/article21957502/?ref=http://ww w.theglobeandmail.com& • Incubation centers – Key Areas • Waterloo, Markham, Quebec City, Montreal, Kingston, Vancouver and Ottawa
- 18. JUSTIN TRUDEAU / TECHNOLOGYhttps://www.cp24.com/news/trudeau-looks-to-lure-tech-talent-capital-north-in-san-francisco-visit-1.3794557 Why would capital come to Canada from the Tech Belt? Here are the issues when it comes to business investment: • Carbon Tax – Prices continues to rise as impact of carbon pricing works itself through the economy - https://www.bnn.ca/awash-in-red-ink-canadian- clean-tech-struggling-despite-ottawa-s-green-goals-1.729679 or https://www.youtube.com/watch?v=0jIrmGIh1Lc&t=2s • Small Business - https://globalnews.ca/news/3741638/canadian-tech-ottawa-trudeau-small-business-taxes/ (KW is home to Chagger’s riding) • Canada already has vibrant technology market for decades - https://www.thestar.com/business/2016/07/25/canadas-high-tech-bigger-than-thought- report-finds.html. It was previous government policies from both Martin and Harper that supported growth • Tech companies are concern with government possibly making changes to stock options - http://www.cbc.ca/news/business/stock-option-deduction- tax-rate-1.4030442. Liberals have a spending problem as such they now have a structural deficit - https://www.slideshare.net/paulyoungcga/fiscal- management-canada-debt-to-gdp-and-surpluses-deficits-december-2017 • Trudeau has been handing out innovation moneys - https://www.fin.gc.ca/fiscmon-revfin/2017-11-eng.asp (The government has bump up grants by close to $400M). The problem is that innovation takes time to go from incubation to commercialization • Technology continues to advance in areas like AI, vertical farming, etc. Canada plays part in many of those areas - https://www.slideshare.net/paulyoungcga/top-technology-trends-for-2018 • It is not one policy that attracts business investment. The problem is Canada is less competitive today than it was back in 2015 - https://www.slideshare.net/paulyoungcga/competitiveness-canada-vs-other-countries-january-2018 • Trudeau seems more happy with photo ops and selfies than actually dealing with issues facing Canadians like Kinder Morgan - http://www.timescolonist.com/news/local/horgan-rejects-retaliation-for-alberta-s-wine-ban-1.23167977 • Clean Technology fund is losing money - https://business.financialpost.com/technology/liberals-600-million-cleantech-fund-is-losing-money-and- struggling-to-find-investments • Canada has had innovation areas for many years. There has been many business parks created that are align with colleges and university - https://dailynews.mcmaster.ca/article/mcmaster-and-hamilton-startup-incubator-celebrates-third-anniversary/ • Canada already had many innovation funds created by previous governments - https://www.slideshare.net/paulyoungcga/federal-goverment-canada- innovation-investment
- 19. CRISIS MANAGEMENT Source - https://www.industryweek.com/technology-and-iiot/media-gallery/21126839/tale-of-covid19-crisis-inspiring-innovations 1. Drones providing indoor disinfection 2. Solving last mile issues - Supply Chain Management and Robots 3. Virtual tours and meetings - AR/VR production visits 4. Monitoring of patients - Constant temperature monitoring 5. Advance remote monitoring and testing 6. 3-D printing of supplies 7. Improvement containment – Tracking/isolating events 8. Enabling virtual pods 9. Retail store / Improving inventory automation and checkout 10. Manufacturers working together to deal with supply issues - Coming together to address supply chain issues 11. Protecting front-line workers (3-d printing of masks and other equipment) 12. Video messaging 13. Expanding medical training opportunities
- 20. BLOG – CLEAN TECHNOLOGY There was $204M increase in Mfg. sales for September 2017 as compare to August 2017. The main leaders have been coal and Oil. Are coal and oil not targets for McKenna? https://ca.reuters.com/article/topNews/idCAKBN1DG1X2- OCATP McKenna https://www.thestar.com/news/canada/2017/11/13/environment- minister-catherine-mckenna-uses-twitter-to-protest-pro-coal-event-at-cop23.html “While the event was underway, McKenna staged her own protest of sorts on Twitter, using her account to promote alternatives such as solar power and suggest that phasing-out coal is a massive opportunity for innovation. Later this week, McKenna and British climate minister Claire Perry are to launch an alliance to get the rest of the world to sign a pledge to move away from coal. (FYI – Where is the discussion on cost to attract raw materials like vanadium or aluminum or lithium or rare metals? Where is discussion that coal is used to make steel? Where is the discussion that you have mined=>Refined=>Fabricate=>Ship=>Install? https://www.slideshare.net/paulyoungcga/clean-technology-raw- materials-and-clean-products-canada-november-2017 I guess McKenna must have slept through both economics and accounting courses or she would see businesses need to be viable: http://www.bnn.ca/awash-in-red-ink-canadian-clean-tech-struggling-despite- ottawa-s-green-goals-1.729679
- 21. BRAIN DRAIN / CANADA •Source - https://www.immigration.ca/canadas- brain-drain-figures-show-technology- graduate-exodus Employment / Canada Source - https://www.itbusiness.ca/news/employers-hiking-salaries-to-attract- new-hires-but-forgetting-about-current-staff-hays-reports/108042 Tech job growth in Canada has been increasing over the past couple of years – Toronto was ranked as the top city for growth in 2017 with more new tech jobs than San Francisco, Seattle and Washington D.C. combined. But the demand for talent continues to outpace the number of available skilled candidates. About 76 per cent of employers reported to Hays they have experienced a moderate to extreme skills shortage. Retirement, as well as a lack of training and professional development programs at universities and colleges in Canada, are contributing to this shortage
- 22. SMALL TECH VS LARGE TECH
- 23. TECHNOLOGY / BLOG - TRUDEAU Source - https://www.canadianmanufacturing.com/financing/innovation-network-in-ontario-to-help-create-18k-jobs-231162/ Speaking in Kitchener, Ont., on Tuesday, Prime Minister Justin Trudeau said the investment in a growth and innovation network brings together three top innovation hubs – Communitech, MaRS Discovery District, and Invest Ottawa. As part of the investment, Communitech will receive $18 million, MaRS Discovery District will receive $17.5 million, and Invest Ottawa will receive $16.9 million. The three organizations will pool resources to create and implement the Scale-Up Platform, a venture that will help 30 Ontario companies scale up and achieve revenues of $100 million or more by 2024, as well as provide services to thousands of others. • Government role is not to pick and choose winners and losers • The above handouts do not deal with systemic issues facing businesses across Canada, i.e. hikes to CPP, forced carbon tax (applies to power generation), more red tape, etc., - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019 • I support innovation centers, but those innovation centers should be at all post-secondary institutions.
- 24. BRAIN DRAIN • https://www.cbc.ca/news/canada/kitchener-waterloo/prime-minister-trudeau-kitchener-tech-hub-announcement- 1.5099705?fbclid=IwAR1tGzcvzzdu0ywPk9Qv2XS59At4aMGafy91XAq2xZn_FIq_VQeUAtU4LMw • @JustinTrudeau policies are also leading to brain drain! https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019 • • https://www.cbc.ca/news/canada/kitchener-waterloo/prime-minister-trudeau-kitchener-tech-hub-announcement- 1.5099705?fbclid=IwAR1tGzcvzzdu0ywPk9Qv2XS59At4aMGafy91XAq2xZn_FIq_VQeUAtU4LMw • • @JustinTrudeau policies are also leading to brain drain! https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019 @BardishKW Do you spend any time with startups? I bet you don't @emilia_suze • Brain Drain - https://www.theglobeandmail.com/business/technology/article-canada-facing-brain-drain-as-young-tech-talent-leaves-for-silicon/ • Canadian Technology community not happy with small business tax reforms - https://globalnews.ca/news/3741638/canadian-tech-ottawa-trudeau-small-business- taxes/ • There needs to be better alignment of education with jobs of today and tomorrow - https://www.slideshare.net/paulyoungcga/skills-gap-education-and-training- canada-march-2019
- 25. ENTREPRENEUR RANKING BY COUNTRY Source - https://thegedi.org/global-entrepreneurship-and-development-index/ or https://www.cbc.ca/news/business/entrepreneurship-in-canada-ranks-2nd-in-world-report- says-1.3093290 CBC – May 29, 2015 – (Canada Rank #2)
- 26. 2019 ELECTION https://www.cbc.ca/news/canada/toronto/trudeau-credits-immigration-for- canada-s-growing-tech-sector-at-toronto-conference- 1.5142924?fbclid=IwAR27_pOZxa1cXuRNKsI8ItiexjTadMI2nIPmZ62t5DjcpUdF dP9BtSBlISo Lower carbon economy? https://twitter.com/inklessPW/status/1130640454586949632 BTW: Technology has been growing long before Trudeau took office. Trudeau has hindered the tech sector with his new small business taxes, i.e. income sprinkling and passive income rules. https://www.slideshare.net/paulyoungcga/2019-election-issues-technology- sector-canada-april-2019 Someone needs to explain to PM Zoolander that technology must be viable! Growing tech sector? It would be doing much better if @justintrudeau address his poorly constructed tax and economic policies!
- 27. DISRUPTIVE TECHNOLOGY Source - https://www.nextbigfuture.com/2019/08/investing-in-disruptive-innovation- suglobalsummit.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
- 28. BLOG # 1 – TRUDEAU AND TECHNOLOGY • https://www.cbc.ca/news/canada/toronto/trudeau-credits-immigration-for-canada-s-growing-tech-sector-at-toronto-conference- 1.5142924?fbclid=IwAR27_pOZxa1cXuRNKsI8ItiexjTadMI2nIPmZ62t5DjcpUdFdP9BtSBlISo • Lower carbon economy? • https://twitter.com/inklessPW/status/1130640454586949632 • BTW: Technology has been growing long before Trudeau took office. Trudeau has hindered the tech sector with his new small business taxes, i.e. income sprinkling and passive income rules. • https://www.slideshare.net/paulyoungcga/2019-election-issues-technology-sector-canada-april-2019 • Someone needs to explain to PM Zoolander that technology must be viable! • Growing tech sector? It would be doing much better if @justintrudeau address his poorly constructed tax and economic policies! - https://www.bdo.ca/en-ca/insights/tax/tax-articles/implications-of-the-governments-tax-changes-on-the-technology-sector/
- 29. 2019 ELECTION - TECHNOLOGY @JustinTrudeau focus has been on appeasing the tech giants not the startups! Trudeau tax policies, i.e. income splitting, passive income, etc. have discourage people to start companies up in Canada. https://www.slideshare.net/paulyoungcga/2019-election-technology-sector-canada-august-2019 or https://www.slideshare.net/paulyoungcga/2019-election-innovation-canada-august-2019 or https://www.slideshare.net/paulyoungcga/2019-election-small-business-and-entrepeneur-canada-august-2019 https://business.financialpost.com/opinion/jack-mintz-low-productivity-is-making-canada-poorer-heres-how-we-can-fix-that Leaders in the data economy - https://hbr.org/2019/01/which-countries-are-leading-the-data- economy?utm_campaign=PostBeyond&utm_medium=Social&utm_source=LinkedIn&utm_term=%23309215 - Canada is one of leader, but still lags the United States.
- 30. SMALL BUSINESS / IT @BardishKW @mary_ng I have worked with small bus. for nearly 30 yrs. as such your small business reforms are hurting them. You did not listen to small bus. tax concerns, why? @mary_ng any input or do you need to go to @tylermerdith or @telfordk for a response How come the top 1% is paying less in taxes What support would that be? It is not the small business tax changes as entrepreneurs told Morneau to make the changes and he did! https://www.theglobeandmail.com/politics/article-high-income-earners-paid-46-billion-less-in-taxes-in-2016-despite/ https://www.slideshare.net/paulyoungcga/2019-election-small-business-and-entrepeneur-canada-august-2019 IT sector also said they did not agree with your small business taxation reforms - https://business.financialpost.com/personal-finance/taxes/new-business-taxes-creating-a-whole-new-group-of-losers or https://globalnews.ca/news/3741638/canadian-tech-ottawa-trudeau-small-business- taxes/beta/?utm_expid=.kz0UD5JkQOCo6yMqxGqECg.1&utm_referrer=https%3A%2F%2Fwww.google.com%2F
- 31. DATA AND AI • AI market to reach $126B+ https://www.tdworld.com/smart-utility/data-analytics/article/21120143/ai-software- market-to-reach-1260-billion-in-annual-worldwide-revenue-by-2025 • China is the world leader in AI - https://www.inc.com/magazine/201809/amy-webb/china-artificial-intelligence.html • “Microsoft is part of the IBD Leaderboard. The Leaderboard is IBD's curated list of leading stocks that stand out on technical and fundamental metrics. Chip maker Nvidia (NVDA), a leader in artificial intelligence, also belongs to the Leaderboard. Aside from chip makers, some software companies are among artificial intelligence stocks to watch. Many software-as-a-service companies use AI tools. Enterprise software maker ServiceNow (NOW) has been making AI acquisitions. Under new Chief Executive Bill McDermott, ServiceNow in January acquired two AI companies, Passage AI and Loom Systems. ServiceNow owns a Relative Strength Rating of 93 out of a possible 99. DocuSign (DOCU) on Feb. 27 agreed to buy Seal Software for $188 million. The startup uses artificial intelligence for contract analytics. Intel on Dec. 16 acquired Israel-based Habana Labs for $2 billion. Intel in 2016 bought Nervana Systems in an earlier move to take on AI chip leader Nvidia. ”https://www.investors.com/news/technology/artificial- intelligence-stocks/
- 32. DATA AND AI TRENDS Source - https://www.gartner.com/smarterwithgartner/gartner-top-10-trends-in-data-and-analytics-for-2020/ 1. Trend 1: Smarter, faster, more responsible AIBy the end of 2024, 75% of enterprises will shift from piloting to operationalizing AI, driving a 5X increase in streaming data and analytics infrastructures. 2. Trend 2: Decline of the dashboard - Dynamic data stories with more automated and consumerized experiences will replace visual, point-and-click authoring and exploration. As a result, the amount of time users spend using predefined dashboards will decline. The shift to in-context data stories means that the most relevant insights will stream to each user based on their context, role or use. These dynamic insights leverage technologies such as augmented analytics, NLP, streaming anomaly detection and collaboration 3. Trend 3: Decision intelligence - By 2023, more than 33% of large organizations will have analysts practicing decision intelligence, including decision modeling. Decision intelligence brings together a number of disciplines, including decision management and decision support. It encompasses applications in the field of complex adaptive systems that bring together multiple traditional and advanced disciplines. 4. Trend 4: X analytics Gartner coined the term “X analytics” to be an umbrella term, where X is the data variable for a range of different structured and unstructured content such as text analytics, video analytics, audio analytics, etc. 5. Trend 5: Augmented data management - Augmented data management uses ML and AI techniques to optimize and improve operations. It also converts metadata from being used in auditing, lineage and reporting to powering dynamic systems.
- 33. DATA AND AI TRENDS Source - https://www.gartner.com/smarterwithgartner/gartner-top-10-trends-in-data-and-analytics-for-2020/ 1. Trend 6: Cloud is a given - By 2022, public cloud services will be essential for 90% of data and analytics innovation. As data and analytics moves to the cloud, data and analytics leaders still struggle to align the right services to the right use cases, which leads to unnecessary increased governance and integration overhead. 2. Trend 7: Data and analytics worlds collide - Data and analytics capabilities have traditionally been considered distinct entities and managed accordingly. Vendors offering end-to-end workflows enabled by augmented analytics blur the distinction between the two markets. 3. Trend 8: Data marketplaces and exchanges - By 2022, 35% of large organizations will be either sellers or buyers of data via formal online data marketplaces, up from 25% in 2020. 4. Trend 9: Blockchain in data and analytics - Blockchain technologies address two challenges in data and analytics. First, blockchain provides the full lineage of assets and transactions. Second, blockchain provides transparency for complex networks of participants. 5. Trend 10: Relationships form the foundation of data and analytics value - By 2023, graph technologies will facilitate rapid contextualization for decision making in 30% of organizations worldwide. Graph analytics is a set of analytic techniques that allows for the exploration of relationships between entities of interest such as organizations, people and transactions.
- 34. TRAINING / SKILLS DEVELOPMENT Source - https://www.slideshare.net/paulyoungcga/human-capital-management-of-existing-and-future-employees Employment – USA - https://www.slideshare.net/paulyoungcga/employment-united-states-august-2020 or Employment - Canada - https://www.slideshare.net/paulyoungcga/canada-employment-market-for-august-2020 or https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management • Jobs today and tomorrow will require education beyond one year which is currently supported by EI and other job works programs • CERB is very dangerous program if it not consolidated with other social welfare programs including training and education - https://www.slideshare.net/paulyoungcga/policy-employment-insurance-and-cerb-canada-august- 2020 • IT and other areas of skills development should start looking at certification programs as part of supporting HS graduates entering the workforce. • Automation is hear to stay. Tax policy and other policy areas will need to support more digital and business automation - https://www.slideshare.net/paulyoungcga/whats-next-for-automation-238371946 • There needs to be effective clean technology strategy which does not include just subsidies. Clean technology companies need to be profitable without direct govt subsidies - https://www.slideshare.net/paulyoungcga/clean-technology-the-green-economy
- 35. OTHER SOURCES: • Innovation Funds - https://www.slideshare.net/paulyoungcga/federal-government-programs-to- support-innovation-and-business • Federal Government and Innovation - https://www.slideshare.net/paulyoungcga/federal-goverment- canada-innovation-investment • Clean Technology - https://www.slideshare.net/paulyoungcga/world-needs-to-clean-up-its-act-as-it- relates-to-the-environment-march-2017 or https://www.slideshare.net/paulyoungcga/government- policy-clean-and-green-technology-canada or https://www.slideshare.net/paulyoungcga/green- economy-clean-technology-whats-next • Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy- august-2020
- 36. WHAT CAN BE DONE? • Protection IP • Helping small to medium businesses adopted more automation – Post Covid 19 - https://www.slideshare.net/paulyoungcga/transforming-the-economy-postcovid19- canada-and-the-world • Taxation Policies • Reforms – Tax Fairness - https://www.slideshare.net/paulyoungcga/designing-social-programs-and-tax-fairness-policies • Streamlining the tax code and working with countries to implement BEPS - https://www.slideshare.net/paulyoungcga/beps-profit-erosion-mandate-close-consolidate-and-reporting • Avoiding any wealth taxes - https://www.slideshare.net/paulyoungcga/wealth-tax-does-the-world-need-a-wealth-tax • Hydro Policies • Capping the rise in hydro rates • Trade/Investment • More Free Trade Deals including FIPA • Reforming the WTO - https://www.slideshare.net/paulyoungcga/2019-election-global-trade-barriers-and-protection-wto-canada-september-2019 • Skills development • Working with colleges and university as part building the skills required to support next generation of jobs - https://www.slideshare.net/paulyoungcga/human-capital-skills-trades-and-skills- development • Access to capital • Bridge funding • More innovation Centers (Partnerships between Colleges/University, all levels of government and private sector
- 37. TRAINING AND DEVELOPMENT • If you like to learn more about trade and/or other subjects as part of your professional learning and development then feel free to review my material on https://www.udemy.com/ (search Paul Young CPA CGA) • These subjects address how to fixed issues with housing and/or systemic issues related to economy including government policies
Editor's Notes
- #10: 1. BNS
- #11: https://business.financialpost.com/technology/as-traditional-retail-markets-flail-the-digital-economy-shrugs-off-global-instability
- #13: http://www.profitguide.com/microsite/profit500/2015
- #16: http://www.profitguide.com/small-business/the-5-winning-strategies-of-high-growth-companies-30184 http://pragmaticmarketing.com/