ICT AT THE HEART OF MONTREAL

New generation transportation networks are at the core of smart cities and networks. The transportation sector (including the movement of goods and people) is at the cutting edge of innovations related to the Internet of Things, creating a growth in data storage needs (cloud computing).

ICTs increase the efficiency of financial instruments in real time, contributing to greater data security and improved customer experience. In 2016, between 50 and 80% of financial institutions have identified an interest in substantially increasing technology spending, determining as priorities, the improvement of computer security systems, the development of analytic capacities and the enhancement of mobile banking services.

In the manufacturing sector, ICTs facilitate productivity growth, improve quality control and security processes, and reduce costs.In 2015, $6.5B was invested in ICT by the manufacturing sector in Canada, generating an annual growth of 2%.. The manufacturing sector is currently the largest user of the Internet of Things.

ICTs drive retail sales, reducing the marketing cycle and improving the customer experience. In 2015, $5.5B was invested in ICT by the retail and distribution sector in Canada. We anticipate that the adoption of the Internet of Things will double by 2018.

ICTs improve the quality and efficiency of healthcare, while reducing operational and administrative costs. By 2020, the global health sector will have invested $117B in the Internet of Things, $9.5B in cloud computing and $21B in big data and analytics.