Manufacturer

Setting the context

According to theInternational Data Corporation’s ( IDC) Worldwide Digital Transformation Spending Guide, digital transformation accounted for nearly 1,800 billion dollars in 2022, representing a 17.6% increase compared to 2021. These staggering investments indicate that companies around the world are undergoing a major shift in their digital maturity.

All signs point to this “Third Industrial Revolution” offering Canadian businesses access to opportunities for growth and innovation. However, it is clear that these opportunities are not being seized in Canada, particularly in the manufacturing sector. Studies conducted by the Organization for Economic Cooperation and Development have revealed that “the Canadian manufacturing sector continues to lag behind other Western countries in terms of productivity.”

In Quebec, most industries are lagging in terms of digitization between Industry 3.0 and Industry 4.0. This phenomenon makes our companies vulnerable to their international competitors whose internal and external operations are more digitized.

Currently, large amounts of information and data are still on paper or in machines, where their potential is not being exploited. Furthermore, between 2017 and 2019, less than 10% of Canadian businesses reported using artificial intelligence according to Statistics Canada.

The manufacturing sector is the one most affected by the consequences of this digital gap. In order to promote the benefits of this digital transformation, Laval économique wishes to highlight different avenues of innovation. The TEMMRA model will help our team and associated academics to raise the most promising ones.