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

Drugs tailored to a person’s genetics don’t appear to have a lot in common with airplane assembly line simulations or smart devices that monitor tree cutting in remote forests. But all three technologies are among the first to get funding from British Columbia’s digital technology supercluster, one of five innovation hubs the federal government is investing $950 million in over five years in hopes of spawning world-leading technologies and companies.

Innovation, Science and Economic Development granted the B.C. hub $153 million, with 29 members pitching in another $200 million. An additional 500 organizations including non-profits have signed on as associates without making a financial commitment. The West Coast cluster is an amalgamation of post-secondary institutions and large and small businesses from sectors including health care, mining, forestry and aerospace.

Source: financialpost.com
Author: Emily Jackson

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