How Co-Funding Programs Help Small Business for Digital Advantage

Most small businesses in Atlantic Canada want to grow; revenues and profitability. And as most businesses today now, such growth comes increasingly from leveraging technology, through what is called Digital Transformation. Whether that’s using Big Data and advanced analytics to seek competitive advantage or improving an existing technology with robotics, Artificial Intelligence, Blockchain or software applications.

_

The challenge for many small businesses however, is the research and development and funding to leverage these powerful new technologies. Sometimes, it is also difficult for a business to understand just how to leverage a technology to expand regionally or into international markets. A great idea may be sparked somehow, but then how to make it happen? How to understand the risks and mitigate them.

Partnering with universities and community colleges can be a great way to both mitigate the risks and get to market more cost effectively. It may also be a way to find the ideal employee who can ensure a new innovation continues to improve.

Speaking of improvement, there are government programs that enable a company to engage with a university or community college to evolve a product or service.
_

This can be done in a measured approach that works within the budget of a business and can grow over time. A company may for example, start with a quick “proof-of-concept” type of program where the cost is covered completely, then as it is proven, move towards programs where the company contributes some funds, but they are expanded through government programs. This puts the burden of the research on the academic partner while the company focuses on how to commercialise the product being developed. There are programs through ACOA that can help a company through the commercialisation phase as well.
_

Small businesses know that in today’s world, innovation and leveraging technology is not only critical to survival, but to staying relevant in the market. Especially as the trade agreements with the EU and the Pacific countries come into effect.

You can learn more by attending a free event called DAM-IT! (Digital Analytics Mixer – IT)  On April 18th at Dalhousie University from 5PM to 6:45PM in the Rowe Management School building. Just click here for more details.

Advertisements

The Oceans: Big Data’s New Frontier

The Oceans: Big Data’s New Frontier

Our oceans take up over 70% of the earth. The provide us with oxygen, clean the air and provide us with food. Billions of tons of cargo move across them every day and they may become a key part of our renewable energy future. Now, corporations and governments around the world are looking to Big Data analytics to help them better understand, protect and manage our ocean resources.

The Atlantic Canadian province of Nova Scotia, already a globally recognized leader in Big Data, is at the forefront of finding innovative ways to apply Big Data analytics to our oceans. From sustainable fishing to logistics, maritime security and energy.

Nova Scotia recently announced significant investments (over CAD$140 Million) into the oceans sector from the COVE project (Centre for Ocean Ventures and Entrepreneurship) to OFI (Ocean Frontier Institute) and OERA (Offshore Energy Research Association) and more.

The Bay of Fundy between New Brunswick and Nova Scotia sees billions of tons of water move four times a day with the world’s highest tides. Now, efforts are underway to harness this energy through turbines such as the Cape Sharp Tidal turbine.

Halifax, Nova Scotia’s capital city, is home to Canada’s largest Royal Canadian Navy base. Many companies engaged in maritime and port security locate here because of this. From Airbus to Boeing and Lockheed-Martin.

In 2017, a primary focus of the Big Data Congress will be on oceans. We will be looking at how industry and government can leverage Big Data to find new revenue opportunities, improve cost efficiencies, generate energy and manage our oceans. What better place to find out more about the emerging uses of Big Data and our oceans?

Big Oceans and Big Data

Big Oceans and Big Data

Big Data could play a vital role in our oceans. From sustainable fisheries to maritime security and renewable energy. Some great strides are being made on these fronts, including in Atlantic Canada. For centuries, the Atlantic ocean has fed nations and navies. Now, as ocean sciences advance and the opportunities with Big Data analytics come to the forefront, we will be able to see our oceans in whole new ways.

Yale professor Douglas McAuley takes a look at how satellites and processing Big Data can help us better understand the flows of water and temperature, not just for fisheries but for climate change and transportation of goods as well as management policy.

Dr. Stan Matwin of Nova Scotia’s world renowned Dalhousie University’s Big Data Institute will be talking about our Connected Ocean this October in Breast, France at ACO2016.

There are thousands upon thousands of sensors in the ocean and more being added. This article in Business Insider takes a look at why. We have so much to learn about our planet and our oceans will play a key role as a primary food source in the coming decades. From sustainable fisheries to aquaculture. Using Big Data analytics we can optimize transportation routes while ensuring whales and large sea creatures are minimally impacted.

In 2017, the 5th Annual Big Data Congress will be looking at how Big Data can be applied to our oceans. We’ll be posting regular, insightful content to spark the conversation. We hope you’ll join us.