Broadening the scope of the business footprint

Kent Kaufield of EY talks about why its important to embrace change and the technology that drives that change

Broadening the scope of the business footprintKent Kaufield is EY Calgary office managing partner and energy managing partner. What are the main services EY offers to companies and businesses? Kaufield: We’re a professional services firm, which means we traditionally get grouped in the same bucket as auditors and accountants. We do that work and we love doing it, but how we…

Can we avoid another financial crisis?

We need to embrace intangible assets. And the lending world and investors need to free up funds to support intangible creators

Can we avoid another financial crisis?Could intangibles help avert the next financial crisis? Yes. And they'd better, because the train of global prosperity is about to jump the track and intangible assets are the only possible salvation. Today's headlines are depressing. There's a constant stream of negativity led by U.S. President Donald Trump's assault on the North American Free Trade…

Canada needs new data for a new economy

It’s time to focus on assessing skills in workforce development as we prepare for the inevitable job shift

Canada needs new data for a new economyWhen the federal Liberals took power in 2015, they made evidence a key priority in policy-making. Michael Barber, known for his groundbreaking work in “Deliverology,” the science of getting results, was brought in to advise key government decision-makers, and results and delivery units were created within federal departments. Across almost every ministry, there was a…

Jobs and careers in the ‘fourth industrial revolution’

The fourth industrial revolution will have the greatest impact on routine tasks. A flexible, well-educated and suitably trained workforce will be critical

Jobs and careers in the ‘fourth industrial revolution’By Jock Finlayson and Kristine St.-Laurent Business Council of B.C. The work world is being transformed by rapidly evolving digital technologies as we march into what many are calling the “fourth industrial revolution.” With disruptive technologies pushing the frontiers of automation, some of the comparative advantages humans traditionally have enjoyed relative to technology are eroding. Computers…

The ecological upside to job automation

How future changes in the structure of business and the nature of work could impact the environment

The ecological upside to job automationReplacing humans with robots clearly has a dystopian flavour. But could the successive waves of artificial intelligence (AI) and other exponentially developing technologies displacing jobs, ranging from banker to construction worker, have potential positives for the environment? According to a 2016 McKinsey automation study, about a third of most job activities, affecting 49 per cent…

We need to start putting a value on intangible assets

The new economy relies on outputs like software, social media networks and apps. But very few of these new intangible value drivers fit into the existing accounting framework

We need to start putting a value on intangible assetsIf you're in business today, you no doubt face a conundrum: the financial statements of your company tell you that certain physical objects are the principal assets of your business but, sadly, that's not what the market or your gut tell you. Business increasingly relies on non-traditional sources of value. For example, most software companies…

Putting artificial intelligence to work for Alberta’s future

The increased use of AI changes the job market. Some jobs disappear. New jobs are created. AI applies to more existing jobs

Putting artificial intelligence to work for Alberta’s futureAlberta’s job market is a powerhouse. We had the highest employment rate in the country last year with 66.7 per cent of our population age 15 and over working at a job. That’s five percentage points above the national average and 16 points higher than the lowest rate, which is found in Newfoundland and Labrador.…

Has trust in journalists started to rebound from rock bottom?

A new survey says people are looking at journalism with new respect in these troubled times

Has trust in journalists started to rebound from rock bottom?It’s true. The 2018 survey by Cision of 1,355 journalists from across six countries discovered that perceived trust in professional journalists improved by 20 per cent this year. Cision is a global provider of media software. Yes, sadly, journalists felt underappreciated by 91 per cent of the general public up until last year. And fake…

Start preparing for the economic impact of Artificial Intelligence

With the hype reaching fever pitch, the key question comes down to how to fund tax revenue shortfalls and higher unemployment costs

Start preparing for the economic impact of Artificial IntelligenceThe hype around artificial intelligence (AI) is reaching fever pitch. Key questions explore how it might impact our lives and employment over the next five to 10 years. These lead to questions over how to fund tax revenue shortfalls and higher unemployment costs. In practice, it’s too early to know how fast AI will advance,…

The pipeline to the future doesn’t carry the jobs of the past

The ruckus over the Kinder Morgan project is a good reminder that the economic conditions we once enjoyed are on the way out

The pipeline to the future doesn’t carry the jobs of the pastWhile the opinion writers and politicians are venting about expanding the Kinder Morgan pipeline for diluted bitumen to the West Coast, it might help to consider some history. We didn’t arrive at this shout-fest without making diverse tracks from previous experiences, and most of us are old enough to think back over a few previous…
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