Date post: | 25-May-2015 |
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Business |
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State of Produc-vity in Canada As of 2010-‐2011
Overview
• Produc-vity is a necessary ingredient to compe-ng in the global economy and to improve your ci-zen’s standard of living • Educa-on is oDen seen as a key to produc-vity and Canadians are well educated. • Why, with an educated workforce and the necessary technology infrastructure, does Canada lag so far behind other developed na-ons? • I take a look at the World Economic Forum’s Global Informa-on Technology Report 2010-‐2011 to review and summarize the reasons
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Top 10 technology savvy countries?
" United States " Korea " Canada " Sweden " Singapore " Finland " Switzerland " Denmark " Taiwan " Norway
Can you place these countries in the right order of tech savvy?
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2010-‐11 Ranking: World Economic Forum
1. Sweden 2. Singapore
3. Finland 4. Switzerland 5. United States 6. Taiwan 7. Denmark 8. Canada 9. Norway 10. Korea Republic
Global IT Readiness report 2010-2011
Canada falls in technology rankings…
" Canada trails seven countries when it comes to using technology to compete on a global scale
" “Canada ranks 20th in the world for spending on research and development and comes in 95th for mobile phone penetra-on.”
" QUESTIONS:
" Is this a ‘bad’ rating? " Should we feel bad about how we are doing on a global
scale? " How are we not living up to our full potential? " Where are we missing the boat?
Before we answer…
• Let’s look at the facts of the report…
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Network Readiness Framework
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20 27
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World Rank
World Rank
So what’s holding Canada back?
• The market environment is ready (4th in world) • The infrastructure is in place (4th) • The government is using IT internally (5th) • The people are ready to use IT (6th) • But…
• Businesses aren’t using the infrastructure (22nd) • Individuals aren’t using the infrastructure (23rd) • Businesses aren’t embracing IT (20th) • Government not promo-ng IT on the na-onal agenda and compe-veness plaborm (27th)
• For detailed interpreta-on, see the full document page 7 and Tables 2, 3 and 4 on pages 14, 15 and 16
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What others are saying…
" Businesses aren’t mo-vated to use technology in some sectors because Canadian regula-ons shelter companies from severe interna-onal compe--on
" Our big challenge in Canada is we don’t draw on the technology that’s out there
" « We don’t realize our full poten2al » " Jim Milway, execu-ve director of the Ins-tute for Compe--veness and Prosperity.
What others are saying…
• “We believe there is a strong correla-on in investment in informa-on and communica-on technology and produc-vity,”
• Tamer Azer, researcher, Canadian Ins-tute for Compe--veness
■ Closing the gap between the leading countries and Canadian business investment in technology should be a priority.
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Wake up Call
• “Ontarians are among the world leaders in work effort – that is, the hours of work per person. But we are laggards in crea-ng economic value per hour worked.” • Roger L. Mar-n, Chairman, Task Force on Compe--veness
• Ontario has many of the building blocks to achieve our full prosperity, produc-vity, and innova-on poten-al.
• Roger L. Mar-n
• We are working harder than our peers… not smarter • Task Force on Compe--veness, Nov 2010
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We need to pull it together to make our businesses thrive
" We have the skilled people " We have the infrastructure " The government red tape has been cut " Our tax rates make us compe--ve on a world wide level… " WE HAVE ALL THE BUILDING BLOCKS " BUT:
" Need to embrace new technologies, new methods " Canadian managers are less comfortable when it comes to integra-ng new technologies in to their business
So, is this a ‘bad’ ra-ng?
• No, it means that there is much room for improvement..
• If countries as small and frozen as Finland and Sweden and Switzerland (positions 1, 3 and 4) can be consistently higher rated than we are, we can do the same…
• leverage what you have • evaluate risk • seek out experts • use the R&D knowledge in the Universities
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