Technology

Can Canadian Organizations Deliver in the Next Era of Business AI? IBM Finds Many May Not Be Ready

Published

3 months ago

June 22, 2026

New IBM research finds Canadian organizations are accelerating AI adoption, but governance, workforce readiness and accountability are struggling to keep pace.

TORONTO, June 22, 2026 /CNW/ — As Canadian CEOs accelerate AI adoption to drive productivity and growth, C-suite leaders across Canada warn that governance, oversight and workforce readiness are struggling to keep pace, creating a widening ‘control gap.’

New findings from two IBM Institute for Business Value (IBV) global studies – one surveying 2,000 CEOs and the other 2,000 C-suite technology leaders – reveal a shared challenge: Canadian executives face a growing disconnect between the ambition to scale AI across the enterprise and the organizational and governance foundations keeping pace to support it.

While 90% of Canadian CEOs say they are embedding AI across multiple workflows and 80% believe they are deploying AI at the pace needed to achieve business objectives, only 43% of AI initiatives have delivered their expected return on investment over the past two years.

“Canadian organizations are still figuring out how to scale AI responsibly,” said Manav Gupta, Vice President and CTO of IBM Canada. “What we’re seeing is a growing gap between the speed of adoption and the governance, operating models and workforce readiness needed to support it. Closing that gap will be critical to realizing AI’s full value and staying competitive.”

AI Ambition Outpacing Oversight

Canadian C-suite technology leaders surveyed expect an average of 1,189 AI agents to be deployed by 2027, a 36% increase from today. This underscores how quickly AI is moving from experimentation into day-to-day operations.

Yet only 9% of Canadian tech leaders feel fully prepared for this coming wave of AI deployment.

At the same time, more than two-thirds (68%) say they are accountable for AI systems they do not fully control, while nearly three-quarters (73%) report that AI adoption is outpacing their IT governance capabilities. In fact, half (50%) of Canadian CIOs and CTOs now cite security and compliance concerns as their primary barriers to scaling AI effectively.

The Workforce is a Critical, Underestimated Dimension

The CEO research also points to a more immediate human challenge as AI use expands.

80% of Canadian CEOs agree that the success of AI hinges more on employee adoption than the technology itself.

By 2028, Canadian CEOs anticipate that over half (53%) of their workforce will require upskilling for their current roles, and nearly a third (29%) will need to be entirely reskilled for new roles.

Scaling AI Responsibly

Some Canadian organizations are already adapting their technology foundations to support the rapid pace of AI innovation.

“We design modular architectures so components can evolve as technology advances, without breaking the overall system,” said Boris Alexandre, CIO North America, Airbus, Canada. “That approach allows us to absorb rapid innovation while supporting products with decades-long lifecycles.”

For additional findings from IBM’s 2026 CEO Study and Tech Leaders Study, download the full Canadian Stats Brief.

Study Methodology

The IBM (NYSE: IBM) Institute for Business Value, in cooperation with Oxford Economics, conducted a survey of 2,000 CEOs and equivalent senior leaders across 33 geographies and 21 industries from February to April 2026. The survey explored how leaders are redesigning business models, operating structures and execution capabilities in an AI-driven economy, with additional analysis examining how organizations translate AI ambition into enterprise-wide execution and business value.

The IBM Institute for Business Value, in cooperation with Oxford Economics, surveyed 2,000 senior executives responsible for their organization’s IT, technology, or AI-related decision-making across 33 geographies and 19 industries from January to April 2026. The survey was designed to gather insights on how organizations are managing the financial, operational, and governance challenges associated with scaling AI. Additional analysis was conducted to identify organizations that have built the structural capabilities to scale AI effectively by segmenting organizations based on preparedness and efficiency and assessing governance maturity.

Media Contact:

Lorraine Baldwin
IBM Canada Communications
lorraine@ca.ibm.com

SOURCE IBM

Technology

Function Now Connects to Meta’s Muse, Allowing Members to Bring Their Personal Health Data to the New AI Agent

Published

25 minutes ago

September 9, 2026

Members can securely bring their Function health data into Muse to better understand their health and personalize their AI experience.

AUSTIN, Texas, Sept. 8, 2026 /PRNewswire/ — Function today announced that members can securely connect their Function health data to Muse, Meta’s new personal AI agent. Muse joins ChatGPT, Claude, and Perplexity in Function’s growing network of AI connectors, giving members the ability to bring their personal health data into the AI experiences they choose to use.

Muse can use a member’s Function insights as personal context to help them understand their health, build and adapt plans around their goals, track progress, and follow through over time, while members remain in control of their data.

“Your AI should know your biology,” said Jonathan Swerdlin, CEO and Co-founder of Function. “By connecting Function health data to Muse, people can bring a living picture of their health into the AI platforms they use every day. We are entering a world where people understand their bodies in far greater detail and increasingly rely on AI to make decisions. Bringing those together makes AI dramatically more useful.”

How it works

Members authorize the connection from inside Meta, through the same account controls they already use to manage their account data. Once connected, Muse draws on their lab results and clinician-reviewed summaries to inform the goals and tasks a member brings to it.

Ask Muse how a lab result compares to a member’s optimal range before deciding whether to act on itHave Muse build or adjust a plan toward a health goal, using a member’s own Function insights as contextLet Muse flag when it’s time to schedule a member’s next Function lab visit, and follow up until it’s on the calendar

The Function health connector will roll out in the coming weeks. To learn more about Function or become a member, visit www.functionhealth.com.

About Function

Function is on a mission to enable everyone to live 100 healthy years. A groundbreaker in its category, Function has changed the game by making lab testing, MRI and CT, and longitudinal health data accessible, understandable, and actionable—serving millions. Function’s Medical Intelligence Lab™ (MI Lab™) is leveraging a dedicated clinical team to develop a continuous learning system that helps its members see, understand, and act on their biology over time. Members receive access to 160+ lab tests—including biannual testing—for just $365/year, equivalent to $1 per day, covering the heart, hormones, thyroid, liver, kidneys, heavy metal exposures, nutrient levels, inflammation, potential cancer signals, and more. Each member’s results are integrated into an intelligent, personalized interface designed to support powerfully informed decision-making. Function members can also access (for an additional cost) MRI and CT that are designed to see signs of cancer and hundreds of other conditions. Function believes everyone should have the power to own their health.

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SOURCE Function Health

Technology

Teletrac Navman Appoints Ricardo Buranello as CEO

Published

25 minutes ago

September 9, 2026

Alain Samaha to Continue Serving on Board of Directors

SYDNEY, Sept. 9, 2026 /PRNewswire/ — Teletrac Navman, a leading global provider of intelligent fleet and asset management solutions, today announced that it has named current Chief Financial and Operating Officer Ricardo Buranello as Teletrac Navman’s next Chief Executive Officer, effective October 1, 2026. Mr Buranello succeeds Alain Samaha, who will continue in the CEO role through September 30, 2026, to ensure a seamless transition. Mr Samaha will remain a member of Teletrac Navman’s Board of Directors and continue supporting the Company’s long-term vision and strategic planning.

Mr Buranello is a seasoned executive with more than two decades of international experience across telematics, IoT, and high-growth technology businesses. Having served as Chief Financial and Operating Officer since joining Teletrac Navman, he brings deep financial and operational expertise, a strong strategic orientation, and an intimate knowledge of the business that make him ideally suited to lead the Company into its next chapter. Mr Buranello previously held leadership roles at Telit Cinterion, Siemens and Totvs.

“This represents an ideal time for Teletrac’s next phase of leadership, and we’re confident that Ricardo is the right person for the job,” said Jonathan Olefson, Chairman of the Board at Teletrac Navman. “Ricardo is a proven, mission-oriented leader who understands our business from the inside out. We look forward to what he and the entire team will accomplish.”

“Alain helped transform Teletrac into a global leader in telematics and fleet management solutions. We are grateful for his vision, passion, and many contributions, and look forward to working with him on the Board,” continued Olefson.

Mr Samaha stated, “Leading Teletrac has been one of the great privileges of my professional life. I am proud of what we have done together, and I am equally excited about what lies ahead for Teletrac. Ricardo is the right leader for this moment. His strategic clarity and deep understanding of our business will serve Teletrac, our customers, and our employees well into the future.”

Mr Buranello added, “I am honoured by the trust the Board has placed in me and energised by the opportunities ahead. Our customers, employees, and partners can count on the same dedication to innovation, excellence, and delivering meaningful results that has been at the core of Teletrac since the beginning.”

Under Mr Buranello’s leadership, Teletrac Navman will continue advancing its cloud-based, AI-powered connected mobility platform while building on the growth, stability, and customer focus that have long defined the Company.

About Teletrac Navman

Teletrac Navman empowers the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. The company operates globally, with offices worldwide and headquarters in Northbrook, IL. For more information visit https://www.teletracnavman.com.au/.

About Respida

Respida is a software-focused private equity firm with decades of combined investing and operating experience. The firm partners with management teams at growth-oriented software and software-enabled companies, bringing hands-on operational rigor and financial discipline to drive growth and build durable market leaders. For more information, visit https://respida.com/.

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SOURCE Teletrac Navman

Technology

Coda welcomes Bombay High Court judgment in its favor

Published

25 minutes ago

September 9, 2026

SINGAPORE, Sept. 8, 2026 /PRNewswire/ — Coda welcomed the Bombay High Court’s judgment on 2 September 2026 allowing the appeal by Coda Payments India and setting aside the orders that had kept its bank accounts and payment accounts frozen.

The judgment is a significant and positive outcome for Coda. We have been clear and consistent in our position throughout the proceedings and welcome the Court’s decision.

Coda has cooperated fully with the relevant authorities and respects the legal process. We now look forward to the judgment being implemented expeditiously and in full.

Coda remains committed to meeting all applicable legal and regulatory requirements in every market in which it operates.

The Bombay High Court’s judgment relates to the freeze on Coda Payments India’s bank accounts and payment accounts. Other related proceedings remain ongoing.

About Coda

Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 670+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.

Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customized direct-to-consumer storefronts; Coda Consumer Platforms, including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.

Coda is backed by Apis Partners, Insight Partners, Smash Capital, and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

Press Contact
Coda:
Liz Adam
VP, Corporate Affairs
liz.adam@coda.co

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SOURCE Coda