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Ontario Chamber of Commerce (OCC) released their latest report, In Data We Trust: Unlocking the Value of Data in Ontario.

With the COVID-19 crisis rapidly transforming the modern economy, the report outlines the need for Ontario to unlock opportunities and manage the threats of its increasingly data-driven economy.

“Long before COVID-19, it was evident that data has quickly become one of the most valuable resources in our economy, revolutionizing traditional business models across finance, health care, manufacturing, and many other sectors,” said Rocco Rossi, President and CEO of the OCC. “The reality is that almost everything we do as consumers relies on and is made possible to some extent by data analytics and related technologies, from fraud detection to supply chain optimization. In many ways, the pandemic has accelerated this transformation, as the need for digitization and the integration of health data have become more critical than ever.”

In Data We Trust reflects on the value of data innovation, explores lessons from COVID-19, and outlines organizational best practices and policy recommendations focused on privacy, cybersecurity, data sharing, and artificial intelligence (AI).

Key takeaways include:

●Privacy frameworks should protect individual rights while encouraging data-driven innovation. Ontario and Canada should reinforce their principles-based approach with strong industry standards. Businesses and other organizations have an important role to play to ensure their own privacy practices enhance public trust.

●Cybersecurity breaches are affecting organizations of all kinds. More can be done to build capacity and limit future attacks with stronger adoption of industry standards, information sharing, and best practices around risk assessments, staff training, technology adoption, and insurance.

●Data sharing is an opportunity to improve efficiencies and spur innovation across the economy. Organizations should collaborate on shared standards and infrastructure to enable data sharing across all sectors, including health care, without compromising privacy. Meanwhile, governments should improve the use of their open data programs.

●AI is a competitive advantage that Ontario should leverage. Going forward, the provinces should prioritize expansion of regional broadband infrastructure, translate AI research expertise into widespread adoption of the technology, prepare the workforce for an AI-driven economy, and mitigate ethical risks related to AI use.

In Data We Trust was informed by a Data Working Group composed of leading experts from a range of sectors across the province.

Read the report.

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Superior Propane - Save 5% on fixed price propane
Be Prepared First Aid Traning - 15% off
Shoppers Drug Mart - Save 20% on Thursdays
St. John Ambulance - Discount on training
Cloud Bookkeeping Services - 10% OFF
Jesan Property Maintenance - SAVE 10%
Grand & Toy - Members can save up to 85%
Belleville & District Shrine Club
RBC - Save on Bank charges
Dinkles & Paulos Restaurants - 10% OFF
Group Benefit Plan for Chamber Members
Allen Insurance - Exclusive Chamber Member Rates
OSM Website design - SAVE on services.
Esso Chamber
Papa Johns Pizza Member Offer- 25% off
Parsons Cleaners Member offer - 10% OFF
Constant Contact Chamber Member Offer
Grand & Toy - Cost-saving solutions
NRG Alternatives - 10% Discount
Group Benefit Plan for Chamber Members
Grand & Toy - Cost-saving solutions
Jesan Property Maintenance - SAVE 10%
Shoppers Drug Mart - Save 20% on Thursdays
RBC - Save on Bank charges
St. John Ambulance - Discount on training
Be Prepared First Aid Traning - 15% off
NRG Alternatives - 10% Discount
Esso Chamber
Superior Propane - Save 5% on fixed price propane
OSM Website design - SAVE on services.
Stirling Festival Theatre - Group Discounts available to members
Papa Johns Pizza Member Offer- 25% off
Cloud Bookkeeping Services - 10% OFF
Body Systems Nutrition - 15% OFF purchases.
Grand & Toy - Members can save up to 85%
Friendly Fires - 10% OFF
Allen Insurance - Exclusive Chamber Member Rates
Parsons Cleaners Member offer - 10% OFF
Quinte Siding - 10% OFF
Belleville & District Shrine Club
Dinkles & Paulos Restaurants - 10% OFF
Constant Contact Chamber Member Offer