To recognize Small Business Week, the Business Development Bank of Canada (BDC) released a comprehensive report examining the shifting demographics and digital disruptions that are impacting today’s labour force.
This report identifies six emerging trends affecting small and medium-sized enterprises in 2017, one of which is the automation of business activities.
From chatbots to drone deliveries, it’s no secret that automation and artificial intelligence are drastically shaping the way business owners realize their potential. But as the demand for everyday robotics increases, are Canadian businesses keeping up with competitors around the world?
Automation in Asia
The BDC report pinpoints a key statistic: According to the International Federation of Robotics, in 2015, South Korea led the global manufacturing industry in deployment of multipurpose robots — which optimized everything from supply chain management to customer service notifications — at approximately 531 per 10000 workers. That number comes ahead of Singapore’s 398, Japan’s 305, and Germany’s 301 (Canada falls somewhere in the middle, with 136 multipurpose robots per 10,000 workers).
Canada Can Catch Up
As the BDC report explains, while nearly every aspect of contemporary Canadian business can be automated, owners need not overhaul their enterprise to achieve optimization goals. In fact, automation only requires three simple ideas to keep in mind, including:
By analyzing how a business runs, Canadian entrepreneurs can determine where automation can best optimize efficiency. And who better to ask how a business runs than its employees, who have invaluable experience at every level of the operation?
To learn more about the changing landscape of Canadian business, BDC’s full report is available here (registration required).