Kimberly Cabello
An extraordinary start to Canada’s nation-wide wildfire season has already destroyed more than 5.5 million hectares of timber and is on pace to burn 7.5 million hectares by the end of the summer, larger than the land mass of New Brunswick. This would roughly match 1989 for the country’s worst wildfire season on record.
Generative AI has taken the business world by storm, with large language models (LLMs)—including OpenAI’s ChatGPT—splashed across the news. And executives aren’t immune to the hype. AI is becoming an ever-larger component of IT budgets, with worldwide spending on AI-centric systems expected to hit $154 billion this year—up 27% over 2022.
But will enterprises spend these resources wisely? Our research says yes—if organizations take a disciplined approach.
To understand how organizations are staying ahead of changing consumer behavior, Oxford Economics and SAP surveyed 500 Chief Digital Officers, digital commerce leads, and other senior commerce executives during the second quarter of 2022. The survey sample included 250 executives from B2B organizations in the high tech, automotive, life sciences, industrial manufacturing, and wholesale distribution sectors.
This report investigates the economic contribution of SAP Canada. SAP Canada’s total contribution to the Canadian economy in calendar 2021 was estimated at C$1.3b in GDP terms while supporting 6,900 workers across the Canadian economy as a whole. SAP Canada’s worker productivity was well over two times the Canadian average while R&D spending of C$400m equated to 4.2% of Canada’s entire in-house ICT R&D in calendar 2021.
Few technologies have become an essential part of everyday life as quickly as geospatial services. The same technology behind the digital maps that remade the way people shop, commute, and travel is having an enormous impact on business operations and outcomes, influencing everything from logistics and to location expansion planning to customer service.
Carbon price policies vary in design and scope. To make prices comparable, we calculate an emissions-weighted average price or “effective price.” We find European countries and countries with aggressive environmental policies like Canada have the highest effective carbon price, due to the breadth of emissions covered by the EU ETS and complementary country policies, as well as the recent increase in EU ETS carbon prices (from $9.3/tCO2e in 2012 to $86/tCO2e in early 2022).