By : Catherine Howe, Global Business Reports Supported by the broader ecosystem with an increasing emphasis on collaboration, Québec’s OEMs continue to drive the region’s aerospace industry through economic impact and access to global markets. One of Québec’s defining characteristics is the presence of not just one but four OEMs: Bombardier, CAE, Pratt & Whitney Canada (P&WC) and Bell Helicopter Textron Canada. Each focused on different areas, these prime contractors drive Québec’s aerospace ecosystem and provide strong bridges to the international markets for many of their suppliers. “We are the only province in Canada with OEMs,” highlighted Suzanne M. Benoît, president at Aéro Montréal. “They play a vital role in investing in innovation and stimulating research projects and inspiring talent […]
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Superclusters in Canada
Superclusters in CanadaCanada is in a global innovation race. The nation is competing with countries around the world for the most talented people, the newest technologies, and the fastest-growing companies. As part of the Innovation and Skills Plan—an agenda to spark growth and help Canada realize its potential as a global leader in innovation—we intend to accelerate business-led innovation superclusters to deliver real results for Canadians.Clusters are dense area of business activity containing a critical mass of large and small companies, post-secondary and other research institutions. They energize the economy and act as engines of growth.Superclusters build on the advantages of a cluster. Comparatively, these innovation hotbeds have stronger connections, a long-term competitive advantage, global brand recognition, and an outsized […]
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ByDaniel Garcia-Macia, International Monetary FundChang-Tai Hsieh, University of Chicago and NBERPeter J. Klenow, Stanford University and NBERAbstractEntrants and incumbents can create new products and displace the products of competitors. Incumbents can also improve their existing products. How much of aggregate productivity growth occurs through each of these channels? Using data from the U.S. Longitudinal Business Database on all non-farm private businesses from 1976–1986 and 2003–2013, we arrive at three main conclusions: First, most growth appears to come from incumbents. We infer this from the modest employment share of entering firms (defined as those less than 5 years old). Second, most growth seems to occur through improvements of existing varieties rather than creation of brand new varieties. Third, own-product improvements by […]
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Embracing Innovation in Government – Global Trends
What are the latest developments in government innovation?Innovation in government is about finding new ways to impact the lives of citizens, and new approaches to activating them as partners to shape the future together. It involves overcoming old structures and modes of thinking and embracing new technologies and ideas. The potential of innovation in government is immense; however, the challenges governments face are significant. Despite this, governments are transforming the way they work to ensure this potential is met.A global review of government innovationSince 2014, the OECD Observatory of Public Sector Innovation (OPSI), an OECD Directorate for Public Governance and Territorial Development (GOV) initiative, has been working to identify the key issues for innovation in government and what can be […]
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4 ways to unleash the electricity grid of the future
Written by : Christophe GuilleManager, Bain & CompanyJoseph HergerPartner, Bain & CompanyAnas KaakehCase Team Leader, Bain & CompanyJoseph ScalisePartner, Head of Utilities & Alternative Energy practice (Americas), Bain & CompanyThe electricity industry is in the midst of a transformation, as technology and innovation disrupt traditional models from generation to beyond the meter.Three trends in particular are converging. First, electrification is taking place across large sectors of the economy such as transportation and residential heating. Second, decentralization of resources has increased, spurred by the sharp decrease in costs as well as by public support for distributed energy resources (DERs) like distributed generation, distributed storage, energy efficiency and demand response. Third, digitalization of the system is mounting, both before the meter with […]
[ + ]More TagYour next lawyer could be a machine
Written by : Ephrat Livni, Writer, QuartzLawyers are the professionals everyone loves to loathe. Jokes about attorneys abound, and Shakespeare’s line from Henry VI remains a cultural favorite: ”The first thing we do, let’s kill all the lawyers.”Soon, that dream may come true, and machines will be the ones to do it.Academically trained attorneys are increasingly being replaced by technology to analyze evidence and assess it for relevance in investigations, lawsuits, compliance efforts, and more. Forty percent of more than 100 in-house attorneys in major American corporations told the industry publication Corporate Counsel, in a survey published on Jan. 23, that they rely on technology assisted review (TAR).Technology assisted review (TAR) is a term that covers many different aspects of […]
[ + ]More TagThe Government of Canada publishes a first report of the Canada 2020 Innovation Project
ABOUT THE CANADA 2020 INNOVATION PROJECTWe know that to be competitive, Canada must innovate more — or risk being left behind. With this in mind, Canada 2020 launched its Innovation Project, devoted to studying and discussing Canada’s innovation agenda — the risks, the opportunities, and key factors involved in making Canada a more innovative nation.We launched Phase 1 of this project in June 2016, with our ‘Being Innovative’ event. We also convened a large team of Canadian policy makers, business and community leaders and innovators to examine how to make Canada a global leader in innovation.From these events, we developed an outline for the Canada 2020 Innovation Project: a plan to define and promote innovation in Canada through research, roundtable […]
[ + ]More TagEricsson’s 10 hot consumer trends for 2017: AI and virtual reality
Consumers expect artificial intelligence (AI) to move from assistants to managers.Virtual reality will be indistinguishable from physical reality in only three years.More than a third of respondents believe digital privacy no longer existsTaking a look into the future, Ericsson (NASDAQ: ERIC) ConsumerLab presents the sixth edition of its annual trend report The 10 Hot Consumer Trends for 2017 and beyond.AI is an important theme this year and consumers see it playing a much more prominent role than before – both in society and at work. In fact, 35 percent of advanced internet users want an AI advisor at work, and one in four would like an AI as their manager.These are the 10 trends for 2017 and beyond:AI Everywhere: 35 […]
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It is with pleasure that we send you this first annual report and list of activities by the Observatory for Strategies & Commercialization for Innovation (OSCI).This project started in April, 2015, when Michel Langelier and I had the initiative to propose to Stéphane Pallage, Dean of ESG, to establish an observatory centre aimed at targeting commercial strategies in innovation.Despite the important investments directed towards research and development, the situation in Quebec remains historically problematic as indicated by results obtained regarding the market for innovation. It is in fact the weak link in the innovation ecosystem to achieve prosperity.Inevitably, disruptive innovations bring about real technological revolution. In this context, several key sectors of the economy of Quebec are at a crossroad, […]
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Beyond bitcoin: 4 surprising uses for blockchain
Written by : Rosamond HuttBlockchain was created as the system for running bitcoin and other cryptocurrencies. Big banks and corporate giants are racing to make the technology work for them in the belief that it will cut costs and transform the way the world does business.Finance is only the start, though. Blockchain is also being put to work on a handful of the world’s toughest problems. Think: human trafficking, conflict diamonds and land rights.How is this possible? Blockchain is a decentralized database shared among a network of computers, all of which must approve an exchange before it can be recorded. There’s no need for a trusted intermediary like a bank because the information is held securely and transparently on a […]
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