Jul
16

Canadian small business poised to lead product innovation in the Internet of Things

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The Globe and Mail - There is widespread agreement among the world’s technology leaders that the Internet of Things (IoT) has the potential to drive a new industrial revolution, taking the incredible connectivity of the Internet to the next level. For Canadian entrepreneurs, there is enormous opportunity to take advantage of our nation’s competitive advantages and become global leaders in the design and adoption of this emerging realm of technology.

 

 

We are already witnessing the incredible influence of the IoT in many sectors. This growing network of connected physical objects enables the collection, sharing and analysis of data to transform consumers’ lives and improve business productivity. For example, we now see smart thermostats that remotely control home heating, clothing that tracks personal activity and vital signs and the use of sensors, cameras and lasers along industrial production lines to help manufacturers analyze the efficiency of their processes.

 

While the technology is impressive, so is the potential for Canadians to lead the field. We have world-class infrastructure and telecom networks with ample bandwidth, incredible Canadian talent and a history of successful technology and communication companies.

 

We have another ingredient for success, according to a recent national survey by Primus Telecommunications Canada and Ryerson University’s DMZ: a homegrown market of consumers who are eager to try new technologies. In fact, this survey – one of the first and most comprehensive glimpses of Canadians’ attitudes towards the IoT – found that 83 per cent of respondents are willing to try new technology to make their lives easier and 40 per cent consider themselves early adopters of technology. Since 44 per cent of Canadians say they are likely to adopt connected devices in the next two years, our own companies are well positioned to bring the next generation of the Internet to life.

 

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