Getting Data Strategy Right is the Key to Canada’s

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
103
Getting Data Strategy Right is the Key to Canada’s Digital Economy

Ottawa, ON, July 23, 2018 (GLOBE NEWSWIRE) -- The Information Technology Association of Canada (ITAC) today launched a new report that addresses the immediate need for a collaborative, modern, national data-driven strategy, and highlights unique opportunity for Canada to be a global leader.

The Report, developed in consultation with the Canadian information, communications and technology (ITC) industry, calls on the federal government to develop a balanced framework to data governance, one that establishes a value framework for data, encourages sharing and collaboration, and incentivizes innovation. ITAC recommends a principles-based approach, to develop a data-driven digital economy that maximizes the value of data for organizations and identifies priority areas for development in unlocking data to meet current and future needs.

In the Report, ITAC provides considerations for Government in developing a national strategy, including: Artificial Intelligence (AI), 5G networks, trans-border data flows, quantum computing, digital identities, data ownership; protectionism; and security and privacy.  

“Over the coming decade, data will be a crucial resource that defines Canada’s collective economic opportunity; and, will enable technology companies to disrupt traditional industries in a way that modern economies have never seen,” explains Robert Watson, president and CEO, ITAC. “This means that the federal government – in collaboration with industry – must take an immediate and coordinated approach to data governance in a way that ensures privacy, unlocks data for economic prosperity, and breaks down jurisdictional silos.”

The Report also examines:  the role of the Canadian government; ways to build a value and intellectual property framework; current and future opportunities and challenges; and provides key considerations for government to contemplate in its effort to create a national, data-driven economic strategy.  Any strategy must recognize that Canada competes in a global digital marketplace and this data strategy can be leveraged to attract investment and allow Canadian firms to compete internationally.

“The Canadian ICT industry is rapidly outpacing government policies,” added Watson. “Many of these policies are outdated and based on principles not for a digital but a physical or industrial age environment. Meanwhile, recent data breaches and use of citizens’ data is also causing concern for individuals and businesses alike. So, what we should be asking ourselves, where is the balance, what is it that Canada can – and should do – to position our country globally as a data-driven digital economy?”

In response, The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development said “Unlocking the economic opportunities from digital transformation will help Canada’s competitiveness, attract investment and create middle-class jobs from coast to coast to coast. I look forward to a national dialogue with ITAC and other organizations over the coming months as part of our National Consultation on Digital and Data Transformation where we will work with Canadians to ensure our success in a data-driven economy.”

Janet Gibson Eichner Information Technology Association of Canada 416-357-8908 jgibson_eichner@itac.ca

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Arizona Voters Demand Clear Plans for 2026 Election

Updated Category News Views 3

A Shift in Voter Expectations: Clear Actions Needed Arizona voters have spoken, and they aren't looking for the same old political song and dance anymore. They crave something meatier—action, not just words. Heading into the 2026 general election, folks in the Grand Canyon State are demanding concrete solutions and straightforward answers from those who seek to lead...

Continue Reading
Portland Craft Chocolate Fest: Oct. Flavor Fiesta

Updated Category News Views 4

If you're a chocolate lover residing in or around the Portland area, you're in for a treat. The Portland Craft Chocolate Festival is back, running from October 2-4. This festival is not just any community event; it's going to be a massive chocolate bonanza featuring over 45 local chocolate artisans, bakers, and confectioners. And let me tell you, this year they’re...

Continue Reading
Digital Wine Atlas Maps 4.3 Million Vineyards Globally

Updated Category News Views 4

Revolutionizing Viticulture with Data In today's wild world, climate change isn't just shifting weather patterns—it's upending the age-old map of wine-making regions. We've got a new player on the field: the World Winery Map. It's digital, massive, and it’s shaking things up for winemakers and grape enthusiasts alike. This platform covers a staggering 4.3 million...

Continue Reading
Debt Crisis Looms: Social Security at Risk

Updated Category News Views 4

Debt Reality: A National Concern with Global Implications When it comes to the U.S. federal debt situation, the latest report from the National Seniors Policy Center is lighting a fire like no other, warning us that we're not crying wolf here. We've got fiscal numbers that may not sit well at breakfast. With roughly 67 cents of every new buck Uncle Sam borrows going to...

Continue Reading
California Accelerates AI Law with Newsom's Bold Move

Updated Category News Views 3

Pushing AI Regulations into High Gear I'll tell you what—it's about time somebody shook things up in the AI world with more than empty promises. Governor Newsom's executive order is doing just that, fast-tracking the timeline for implementing California's SB 813. This move is like giving speed boots to the legislative process, revving up the rules to ensure AI doesn't...

Continue Reading
Debbie's Dream Foundation Launches 2026 Youth Art Contest

Updated Category News Views 5

Young Artists Called to Inspire a Cancer-Free World What's the first image that pops into your head when you think of a world free from cancer? That's the magic question on deck for this year's Youth Art Contest by Debbie's Dream Foundation. Imaginations are set to run wild as the competition opens its gates to artists under 18, calling for visions splashed across...

Continue Reading
IRS Views Challenge Tax-Engineered Healthcare Schemes

Updated Category News Views 4

Nonprofit Models Shine Amid IRS Scrutiny Out in Oxnard, California, there's a brewing storm in the healthcare sector. No, it's not a billing error or yet another scandal. We're talking about a seismic shift that could poke holes in those tax-engineered Section 105(b) programs, all thanks to some hard-hitting IRS memoranda. The Nonprofit–TPA Model: A Safer Bet? Enter...

Continue Reading
Heafner Takes Helm at HGTC Amid Strategic Shifts

Updated Category News Views 2

A New Era for HGTC with Dr. Heafner at the Wheel Out of the frying pan and into the fire—Dr. Lori Heafner is stepping up to lead Horry-Georgetown Technical College (HGTC) with a clean slate and a hefty load of responsibility come January 2027. After enduring an intense national search by the Area Commission, she beat out tough competition to earn the role. It's not just...

Continue Reading
DAHON's Tech: Crafting Folders That Ride Like Road Bikes

Updated Category News Views 4

The Folding Bike Revolution: More Than Just a Fad You've seen them zipping around—those compact, folding bikes. They're not just for urban commuters looking to save space. Oh no, this is a full-blown cycling revolution we're talking about. DAHON, a name that's been rolling since 1982, has been riding these waves and making strides that others can only dream of. While...

Continue Reading
AI Agents Challenge Product Governance Models

Updated Category News Views 7

AI's Increasing Role: A Double-Edged Sword for Leaders Hey, the tech overlords remind us once again—the future doesn't wait for anyone to catch up before it bulldozes forward. Info-Tech Research Group has sounded the alarm on AI agents muscling their way into product decisions without any clear nod from the human corner office. Blurring Lines of Accountability The...

Continue Reading

Top 5 Most Recently Viewed Articles

Market Rally Sparks Optimism for Economic Growth Prospects

Updated Category News Views 108

Positive Trends in U.S. Stock Index Futures Recently, U.S. stock index futures have been on the rise, driven by investor optimism about a smooth economic recovery. This 'goldilocks' scenario—where the economy can grow while keeping inflation and unemployment low—seems more attainable with the latest developments. Record Highs for Major Indices The S&P 500 and the Dow...

Continue Reading
Investors Urged to Take Action in Rentokil Initial Lawsuit

Updated Category News Views 262

Important Reminder for Rentokil Investors Kahn Swick & Foti, LLC, led by former Attorney General Charles C. Foti, Jr., is raising awareness for investors who have sustained losses exceeding $100,000 in Rentokil Initial plc (NYSE: RTO). These individuals are reminded that the time is ticking down to file lead plaintiff applications in a significant securities class action...

Continue Reading
PAR Technology Corporation Secures $100 Million in Convertible Notes

Updated Category News Views 267

PARS Technology Corporation's $100 Million Convertible Notes Offering PAR Technology Corporation (NYSE: PAR) has recently taken a significant step in its financial strategy by announcing the pricing of a private offering of $100 million in convertible senior notes. These 1.00% Convertible Senior Notes are set to mature in 2030. This strategic move is expected to fortify...

Continue Reading
Tilray Brands Inc. Stock Jumps Amid Shift in Cannabis Policy

Updated Category News Views 61

Tilray Brands Inc. Sees Stock Surge Tilray Brands, Inc. (NASDAQ: TLRY) has experienced a significant uptick in its stock price recently. This surge is largely attributed to forthcoming changes in federal marijuana policy. The excitement stems from reports that the current administration is considering reclassifying marijuana as a Schedule III drug. This change could open...

Continue Reading
Calavo Growers Set to Reveal Financial Outcomes for Q2 2025

Updated Category News Views 197

Calavo Growers' Financial Reporting Announcement Calavo Growers, Inc. has gained recognition as a global frontrunner in the processing and distribution of avocados, tomatoes, papayas, and guacamole. With a proud legacy dating back to 1924, the company has continuously embraced innovation and sustainability, ensuring growth in its market presence. Set to disclose its...

Continue Reading