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Incorporation of new technologies could pave the way for the future of Canadian business

Incorporation of new technologies could pave the way for the future of Canadian business

Posted by Christian Miranda on July 22, 2014

A new wave of intelligent sensors, cameras and tracking devices is expected to sweep across Canada over the next few years, quickly transforming how business is done — much as smartphones took communications to a new level of performance.

The forecast prepared by IDC Canada and funded by Telus Corp. (TSX:T) shows companies are prepared to dramatically increase spending to collect and analyse data on complex issues like city traffic flows, pipeline safety and health care.

Tony Olvet, IDC Canada’s group vice-president for research, says Canada is just beginning a period of rapid industrial-scale innovation that will have far-reaching implications, not only for many industries but also for cities and hospitals.

“We’ve been able to communicate over phone lines for over a century but the capabilities that are in a smartphone far surpass voice communication . . . If you take that as a parallel into industrial or commercial machinery, that’s what we’re looking at today.”

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