Canada is one of the leading countries that make use the most out of AI. According to the government, Canada marked a historic milestone by being the first country to formally adopt a comprehensive AI strategy at the national level. Since 2017, the country has invested more than 2 billion dollars to support artificial intelligence and to conduct innovation and research in digitalization.
As another countries following Canada’s leads, the country has to maintain its competitiveness in artificial intelligence, especially in computing infrastructure. As the country keeps developing its AI sector, there has been substantial growth in Canada AI market. According to a research firm, GMI Research, Canada AI market would keep expanding over the next few years due to the rapid growth of telecommunication and IT sector as well as an increased implementation of cloud-based services.
Blockchain AI is also gaining momentum, as the combination of these two technologies can bring impactful effects for various sectors, including cybersecurity and businesses.
The Government Initiatives
To keep leading the artificial intelligence development, the government has launched several efforts and initiatives. There has been 2 billion dollars of investment to enhance computing capabilities and infrastructure in technology. This investment will be used for AI researchers, start-up companies, among others. There will also be an AI Compute Access Find to support researchers and industries in AI development.
The government has increasingly adopted AI in various essential sectors including healthcare and agriculture, with an investment of 2 million dollars. Meanwhile, Sectoral Workforce Solutions Program gets 50 million dollars funding to support workers whose job might be affected by AI like creative industries. This program will offer training in the new skillsets for the workers.
By investing 50 million dollars, the government create Canadian AI Safety Institute that will involve collaboration with various stakeholders to prevent the risk of negative impacts from AI to communities.
These huge investments hopefully will lead to the creation of innovation and the acceleration of economic development in the country.
The Application
AI has been widely implemented across various industries and in many aspects of life, from education to manufacturing.
Artificial intelligence in education can be used to personalize learning environments for instructors and students. It can also be used to schedule classes or assigning grades. Artificial intelligence can streamline the administrative loads, such as progress tracking and evaluation to give valuable assessment regarding the student’s learning achievement. With more interactive learning sessions, AI can increase student engagement.
- Healthcare
The healthcare sector has seen significant growth with the help of artificial intelligence. AI can help to diagnose diseases by analyzing data from a patient and observing the same patterns that underlies any medical condition. This function can assist doctors to diagnose diseases in a quicker and more accurate manner. Furthermore, AI can also provide valuable insights regarding treatments and drugs that are needed by the patient according to their medical record.
- Finance
As in finance, artificial intelligence can help to prevent and detect fraud. It can minimize the risk of illicit financial transactions and other financial crimes as well. This technology can also give personalized recommendations regarding services and products in finance based on the person’s financial goals. As paperwork in the financial world can be extensive, AI can help in streamlining the process from analyzing to storing documents.
- Manufacturing
Meanwhile, in the manufacturing and industrial processes, artificial intelligence can increase efficiency and productivity with its automation features. Moreover, AI can assist in product quality control by detecting defects more accurately.
- Other applications
We can find artificial intelligence in many other applications in people’s lives. In transportation, AI can help to develop autonomous vehicles or in implementing intelligent traffic management systems. AI can help boost energy efficiency in the oil and gas industry. It can also help in forecasting energy consumption patterns. Meanwhile, AI can improve inventory control and make tailored product recommendations in the retail industry.
The Benefits
There are so many advantages that can be offered by this advanced technology.
- Automation
AI offers automation that can eliminate manual work. As a result, it can increase productivity, save time and energy, and alleviate repetitive tasks that can lead to the reduction of physical strain and fatigue among workers.
- Advanced data analysis
With advanced data analysis, artificial intelligence can help in collecting, sorting, and processing complex data in a relatively short time. It can also provide valuable information that can help in the decision-making process.
- Minimize human error
By using computing technology, AI can contribute to reducing human error, especially in repetitive tasks that can lead to fatigue and create the possibility of mistakes due to human factors.
- Streamline complex processes
By automating tasks that are repetitive, AI can streamline complex procedures in a more accurate and efficient way.
- Cost-efficiency
As work can be more effective and productive, AI can contribute to reducing operational and labor costs, thus can be more cost-efficient.
