Canadian firms risk falling behind U.S. as AI adoption lags, report warns
AI has been picking up steam recently with the popularity of platforms such as ChatGPT, a chatbot that uses natural language to provide answers and solutions to problems posed to it.KPMG said in a statement that AI is increasingly becoming a competitive advantage for businesses and has been used in organizations in health care, education, law enforcement and financial services to boost efficiency and productivity.
“Canadian organizations are trailing behind their U.S. counterparts when it comes to AI adoption, and it comes at a time when developments in the space are moving fast — particularly in generative AI,” said Benjie Thomas, Canadian managing partner, advisory services at KPMG in Canada.“Generative AI can be powerful if used correctly and responsibly, and it enables businesses to be more efficient, productive and competitive.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Missing Canadian women and girls called family from Syrian camp: Edmonton lawyer | Globalnews.caA lawyer for two Canadian women and three teen girls who were to be repatriated from Syria says they were mistreated by guards and are being detained in a camp primarily holding family members of people with alleged links to ISIS.
Read more »
Housing market downturn a top risk to Canada’s financial system, regulator says - National | Globalnews.caA potential housing market downturn and adjusting to interest rate increases are among the biggest risks to Canada's financial system, the country's financial regulator said.
Read more »
Air passenger rights framework needs tighter rules, bigger penalties: report - National | Globalnews.caThe transport committee report comes after chaotic summer and winter travel seasons brought on by soaring demand, labour shortages and poor weather.
Read more »
Southwest Airlines flights delayed in U.S. after technical issue grounded planes - National | Globalnews.caThe airline urged customers to check on their flight status ``and explore self-service options'' for travel as the airline worked on restoring its operation.
Read more »
Fentanyl trade expected to dominate upcoming U.S.-Canada meeting on crime - National | Globalnews.caPublic Safety Minister Marco Mendicino says a continental strategy for dealing with fentanyl will be a key priority during the meetings.
Read more »
Fox settles $1.6B Dominion defamation lawsuit just before trial set to begin - National | Globalnews.caThe resolution was announced at the 11th hour, with a 12-person jury selected on Tuesday morning and the case poised to kick off with opening statements on Tuesday afternoon.
Read more »