Thumb's up for Netflix? The Canadian digital sector will continue to grow substantially until 2018

Report: Digital, social media platforms contribute $7.3 billion to Canadian economy

Online platforms like YouTube, Facebook, and Netflix are quickly becoming a major economic industry, a report finds.

Digital business is no longer a virtual reality but a very valuable one, according to a new report by the Information and Communications Technology Council (ICTC).

The report – titled the “Canada’s Digital Imperative: Measuring Digital Platform’s Labour Market and Economic Impact” – says “digital platforms” like YouTube and Facebook, among many others, contribute $7.3 billion annually to the national economy and employ 79,000 people. Those figures are expected to rise to $14.8 billion and 101,000 people by 2018.

Twitter, Netflix, and WebEx were also listed as major “digital platforms” by the ICTC.

The report also says Canadians’ consumer behaviour is rapidly changing along with its business sector. Three-quarters of Canadians now use digital platforms to communicate with staff, the report says, and half said digital platforms both improve customer service and cut costs.

However, half of the report’s respondents also said they don’t yet completely trust digital platforms, with the cost of hiring additional staff listed as a sour factor.

(source: The Star)

Just Posted

West Shore Parks and Rec staff member injury raises concerns about cut-through traffic

WSPR says staff member ‘seriously injured’ while monitoring scheduled closure

Victoria resident catches, cleans pigeon feet to help fight stringfoot

Hair, string tangled around birds’ feet can cut off circulation to toes and whole feet

Cyclists rejoice as the Christmas Lights Parade returns

Family-friendly 10km ride visits big Christmas displays, Dec. 21

Victoria residents advocate for funding for neighbourhoods without community centres

North Park Neighbourhood Association hopes to see $75,000 to bolster nearby staff

VIDEO: These are the top toys this Christmas, B.C. toy experts say

Consider the play value of a game, staff at Toy Traders say

Prince George RCMP use bait packages to catch porch pirates over the holidays

First-in-Canada program with Amazon looks to combat parcel theft

Nanaimo mechanical engineer creates thief tracking program

Nanaimo Thief Tracking lets users plot and share information about thefts online

Mayor wants B.C. to institutionalize severely mental ill people who are homeless

Those suffering from mental health conditions, such as schizophrenia, need specialized care, mayor says

Five things of note from Trudeau’s mandate letters to his ministers

Some marching orders come from the Liberal Party’s campaign, while others are new additions

Scheer’s resignation tips party into internal war over school tuition payments

The Conservatives have a Toronto convention already scheduled for April

Navigating ‘fever phobia’: B.C. doctor gives tips on when a sick kid should get to the ER

Any temperature above 38 C is considered a fever, but not all cases warrant a trip to the hospital

POLL: Do you have a real or artificial Christmas tree?

The lights are up, holiday shoppers are bustling through the streets and… Continue reading

Transportation Safety Board finishes work at B.C. plane crash site, investigation continues

Transport Canada provides information bulletin, family of victim releases statement

Most Read