Move over oil, Big Data is the new fuel to run the world

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Move over oil, Big Data is the new fuel to run the world
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Move over oil, Big Data is the new fuel to run the world innovationnation

The centrepiece of Canada’s innovation strategy is the $950-million “supercluster” initiative. The goal, according to the federal government, is for companies of all sizes, academia and the non-profit sector to collaborate on new technologies, to spur economic growth and create jobs. As part of the Innovation Nation series, the Financial Post is taking an in-depth look at each of the five regional projects, and provide continuing coverage of their progress. You can find all of our coverage here.

The supercluster’s mix of big and smaller companies is important, because it gives large organizations a chance to focus on new ideas around the common theme of data, said Ohad Arazi, Telus Health’s chief strategy officer, while also giving smaller players the ability to strike deals that could help commercialize their research.“The reality is that innovation is very difficult for big companies,” he said.

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