The tech sector in Canada has seen immense transformational changes in the last decade. With the beginning of another decade, technology still holds unmatched potential to grow. Canada relies heavily on technology. Essentially, technology plays a critical role in all industries.
Recent advancements in technology have had a massive impact on Canada’s economic growth. New trends in technology, including automation, have greatly enhanced productivity. Currently, Canada faces a consistent rise in the demand for the tech workforce. Below are the significant trends transforming tech in Canada.
1. Internet of Things
The Internet of Things (IoT) is among the remarkable trends revolutionizing the tech industry in Canada. Essentially, IoT is a critical driving force in Canada’s economic development. The adoption of IoT in urban development, manufacturing, healthcare, and agriculture has significantly boosted Canada’s economic growth.
IoT is all about faster, flexible, and more convenient data transmission and access. IoT algorithms allow machine-to-machine (M2M) interaction and communication. Additionally, IoT enables enhanced human-to-machine interaction. Consequently, there’s improved efficiency in industrial production processes. With IoT, remote monitoring and control are more efficient.
2. Artificial Intelligence
Artificial intelligence (AI) is another upcoming trend in Canada’s tech space. Artificial Intelligence entails the use of algorithms to perform human functions. Critical sectors in Canada are gradually embracing AI-based technology. AI has secured its place in crucial sectors, including automobiles, aircraft, manufacturing, fishing, and the energy sector. AI enables enhanced accuracy and productivity.
Virtual assistants, including Alexa, Siri, and Google Assistant, are now an inherent part of daily operations. AI is equally transforming the healthcare sector. The incorporation of AI in the pharmaceutical industry is vital to improve drug discovery and research.
3. Edge Computing
The last few years have seen a substantial rise in the need for edge computing solutions. By 2022, the global edge computing market expects to hit $6.72 billion. Edge computing is a decentralized platform for data access and transmission. Edge computing reduces the latency issues that come with cloud-based solutions.
For most industries, speed is vital. Implementing edge computing eliminates time lapses; thus, there’s improved speed. Edge computing encompasses a distributed nature. Consequently, it’s easier to implement security measures against cyber threats. Edge computing also allows improved scalability for businesses. Moreover, edge computing devices are reliable and versatile.
4. Cybersecurity
Cybersecurity is necessary for all institutions and business facilities. Data is always prone to attacks and intrusion from malicious hackers. According to research, cyberattacks occur at least once per 39 seconds.
As technology continues to develop, hackers are equally coming up with new ways of illegally accessing data. Consequently, cybersecurity is fast-evolving. New trends in cybersecurity ensure the utmost protection of data from unauthorized access.
5. 5G
5G network is one of the most recent technological advancements. The application of 5G wireless technology has immensely enhanced mobile usage. 5g has improved real-time connectivity and data transmission across the 5G-connected cities in Canada. Additionally, 5G has, to a great extent, enhanced productivity and innovation.
In January 2020, 5G connection covered four major cities, including Ottawa, Vancouver, Montreal, and Toronto. Currently, the 5G network in Canada covers about fifty cities and towns. Ericsson-powered Rogers 5G network aims at covering sixty markets before 2020 comes to a close.
