Articles from Nenew Canada

A KPMG report shows that Canada's construction industry is increasingly investing in technology to improve productivity and address labor shortages. The sector is adopting digital tools such as AI, robotics, and BIM to boost efficiency and meet growing demands. However, economic challenges and procurement practices that emphasize cost over innovation remain obstacles. Sector leaders urge for policy reforms to facilitate this technological transition and address supply chain issues.

The article discusses the importance of accelerating national priority projects in Canada to enhance self-reliance, economic resilience, and sovereignty signaling amid current economic challenges. It proposes strategic infrastructure projects that span provincial borders to improve domestic connectivity and engage in more diverse international trade. Suggestions include the establishment of trade corridors and zones, as well as streamlined regulatory approval processes to facilitate the development of such projects. The focus is on projects with long-term benefits for Canada's stability and prosperity.

The article discusses the need for Canada to modernize its outdated energy infrastructure, highlighting the potential role of artificial intelligence (AI) and smart systems in enhancing energy security. By implementing AI-powered digital twins and using advanced analytics, Canada can enhance energy production, optimize storage, and improve infrastructure planning. These advancements in intelligent systems aim to address inefficiencies, integrate renewable sources, and solidify Canada's leadership in the global energy market.

Canadian CEOs are urging federal and provincial governments to prioritize large-scale infrastructure projects, including an energy-agnostic utility corridor, to boost national productivity and reduce reliance on the U.S. economy. The KPMG survey reveals a strong call for public-private investments to finance these projects and improve ports and transportation networks. Challenges such as project delays and cost overruns often stem from inadequate governance frameworks, which can be addressed through strategic six-pillar plans to ensure project success. Business leaders emphasize the need for innovation and the incorporation of technology to enhance construction and planning efficiency.