Federal and provincial governments in Canada along with the private sector are undertaking a major initiative to establish the nation as a global centre for digital transformation and innovation, generating 50 thousand jobs and boosting GDP by some 15 billion dollars over the next 10 years. 1.4 billion dollars is being committed in a collaboration of large and small companies, working together to generate solutions to some of the world’s most pressing health, productivity and sustainability issues.
Given the media attention being paid to technology and the Internet of Things today, it would be easy to assume that digital transformation throughout the Canadian economy – and elsewhere in the world – was happening quickly. But that’s not always the case.
Much of this digital transformation, of course, is taking place in the private sector, so one reason that the pace of change may be slower than we would assume is because the money to make it happen is coming from the private sector, itself. In other words, if and when corporate funds are available – and they’re not siphoned off to other projects – then investment in digital technologies can occur.
Another fundamental roadblock to speedier adoption of digital technology is a lack of leadership within a company[i]; there is often no single individual clearly in charge of leading such a project. Frequently, this is because corporate management lacks a firm knowledge and grasp of what is at stake.
It boils down to one simple fact: a failure to realize the powerful business advantages that digital technology brings to the table.
Digital Transformation Won’t Wait
International Data Corporation (IDC), a global research firm that provides marketing intelligence to technology markets, says that in 2018, only 30% of manufacturers investing in digital transformation will be able to maximize their advantages; the rest are held back by outdated business models and technology[ii].
There is one point on which even the late adapters can agree: digital transformation won’t wait.
In its 2017 budget, the federal government of Canada put forward a bold plan to supercharge innovation in the Canadian economy. The government earmarked nearly one billion dollars to be supported by money from the private sector for a combined total of 1.4 billion dollars[iii]. The money is being utilized across five “superclusters”, one of which is the digital technology supercluster.
At the Forefront of Innovation and Made in Canada
This cluster of companies, large and small – even start-ups – hails from healthcare, mining, financial services, telecom and other sectors of the economy. There are more than 270 companies that are part of the supercluster and they’ll collaborate on more than 100 projects, literally sharing talent and ideas. The goal is to generate commercial opportunities and economic prosperity that will keep Canada at the forefront of global innovation.
Optimus Information will be integrally involved, through our longstanding partnership with Microsoft, in assisting independent software vendors that are part of the digital technology supercluster as well as the large enterprise organizations that are participating. Many of the leading companies in these areas are already our clients. Optimus will offer expertise in technologies like blockchain, one of our growing areas of strength, through applications, another Optimus area of expertise.
What is exciting about this digital supercluster project is that the participants are operating at the edge of innovation, exploring and developing what’s never been done before. Optimus intends to leverage powerful AI and data analytics capabilities with which we work on a daily basis.
Optimus has breadth and depth of talent and experience in full stack and mobile development, software testing and business intelligence, data analytics and machine learning for industries from aerospace to transportation.
Contact us today to learn how we can bring value to your company and help you stay on the leading edge of innovation, as well.