Too few Canadian factories have embraced digitization: BDC

Small and medium-sized manufacturing companies in Canada that have adopted digitization in their production forecast higher growth and enjoy increased productivity and lower operating costs, according to a new study from Business Development Bank of Canada (BDC). However, the study, based on a Canada-wide business survey, found that 42 percent of small manufacturers have not yet "initiated their digital shift." Another 39 percent are currently implementing projects, while 17 percent are preparing to do so. Only 3 percent of companies have fully digitized their production.

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