Canada’s lagging productivity has sparked concerns, and artificial intelligence is being touted as a potential solution. However, adopting AI may be easier said than done. While AI has the potential to boost Canada’s GDP by up to 8% over the next decade, widespread adoption faces significant hurdles. Canadian businesses lag behind their peers in AI adoption, with only one in 10 planning to use generative AI. Integration challenges, distrust among Canadians, and concerns about data privacy and job disruption are just a few of the obstacles standing in the way. Despite these challenges, experts agree that AI adoption is crucial for Canada’s future growth and competitiveness.
Can AI Rescue Canada’s Productivity Crisis?
Accelerating the adoption of AI has been among the most promising and popular proposals to solve Canada’s productivity crisis.
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