Canadian AI Industry Making Tremendous Steps As Cross-sector Application Grows

The Canadian AI Industry has been receiving significant attention over the past few years because of its capabilities. Currently, Canada’s AI sector is booming with multinational tech companies such as Google (NASDAQ: GOOGL), IBM (NYSE: IBM), Microsoft Corp (NASDAQ: MSFT) and Thompson Reuters (NYSE: TRI) investing significantly in research hubs in Alberta, Ontario, and Quebec. Canadian companies such as Shopify Inc. (NYSE: SHOP), Blackberry Ltd (NYSE: BB), Element AI and Deep Genomics have been leading the AI revolution in the country.

Tilia Labs organizing webinars in AI in the printing industry

As the industry continues to grow stakeholders are looking at ways to grow the industry. Planning and AI software developer, Tilia Labs Inc., has arranged a webinars program aimed at offering overview, estimation and imposition tech in this decade.  Sessions in the webinars will focus on the print sectors expecting disruption through AI.

Tilia’s program is being devised to boost print service providers in taking stock of their capabilities. The seven installments aim at helping the service providers to understand and assess opportunities in AI which is expected to tip industry scales. Sagen de Jonge the CEO of Tilia Labs said that suppliers in the print industry have been enabling tech developments in readiness for the launch of DRUPA meaning there is a host of opportunities in the industry. Tilia Labs will share AI and IoT advancements for the printing industry during the webinars.

BlueDot used AI to predict the outbreak of COVID-19

AI has disrupted several sectors and recently Toronto-based startup, BlueDot Inc. used AI to recognize the outbreak of coronavirus before even healthy bodies could. The startup uses big data, AI and machine learning to predict infectious disease outbreak and spread. The company alerted its government and private sector clients about the unusual pneumonia cases that were being reported around Wuhan in China.

The World Health Organisation took almost ten days before releasing a statement on the virus after BlueDot had reported it. So far the novel coronavirus has affected over 120,000 people with over 4,000 deaths reported globally. BlueDot is a SaaS company and its engine collects data on more than 150 diseases across the globe searching every 15 minutes throughout the day. Its information comes from WHO, CDC and also less structured data.

Using AI to crack down on money laundering

Also, AI tech is increasingly becoming important in the fighting of crimes such as money-laundering. Canada’s anti-money laundering center is evaluating the possibility of using AI and machine learning to look for dirty money that is hidden. Technological advancements have created an opportunity that will enable authorities to tackle money laundering activities.

The federal anti-money laundering center goes through a deluge of data to find cash associated with terrorism and being laundered. The center goes through huge throngs of data every year from securities dealers, banks, money services businesses, insurance companies, casinos, real estate brokers and many more to detect suspicious activity. Last year the center disclosed more than 2250 financial intelligence pieces to security agencies such as the Canadian Security Intelligence Service and RCMP.

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