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Some of Canada's largest corporations are tapping into advanced mathematics
to improve productivity and bottom lines.
A review of Canada's Top 100 Corporate Research and Development Spenders reveals that five companies in the top 10 are partners of the MITACS Network of Centres of Excellence – a unique national network that promotes the use of sophisticated mathematical tools to help solve complex industrial and societal problems.
MITACS' arrival on the Canadian landscape in 1999 created a new competitive opportunity that few companies realized existed – how advanced mathematics can lead to productivity and profits through increased efficiencies, cost savings and better pricing strategies. The more than 400 researchers and 700 students who form the backbone of this national network are applying their unique skills to help companies on a variety of fronts, from streamlining manufacturing processes to using new software applications capable of calculating financial risk variables in hypothetical scenarios. Mathematics: Fueling Canada's Knowledge Economy "We hadn't thought about this role for MITACS when we started, but in some ways, we've found the sweet spot of what society needs. There's been a huge boom in the type of things that MITACS can do for society. We've only begun to tap the number of partners who could benefit from our network," says Dr. Gupta.
"A company may no longer manufacture a drug in Canada, but they are thinking about the next five-year development cycle. Whether or not they stay in Canada will depend on access to high-level knowledge workers. That's the best way for Canada to compete on the international stage and the NCE program has won accolades internationally for its success in doing just that." When MITACS was formed, many believed the network should partner mostly with high technology companies, what Dr. Gupta describes as the "low hanging fruit". Within a short time, however, it became evident that mathematical models developed for one sector can be adapted for several other sectors. Airline pricing models, for example, have helped to price packets of data on the Internet, and mathematical models used to track a ship in distress can be adapted to track pollution.
"There's huge potential to apply mathematics across every human activity," says Dr. Gupta. "If you're designing a drug, you want to have a mathematical model of the body's organs and how they respond to different chemical markers. If you're designing roads, you want a mathematical model of traffic flow. Mathematics has even been used to understand the feeding behaviour of pigs." While the rise of mathematics as an industrial enabler has been transformative, most opportunities remain untapped. Too many companies still view mathematics as a tool for their engineering and finance departments. To help open their eyes, over 120 MITACS student interns will be placed with partner companies and other organizations this year to work on different projects. Dr. Gupta says his dream is to see companies, government departments, hospitals, research labs and others using this type of sophisticated research "because we want all our companies and institutions to be world leaders."
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Last updated: 2007-03-14 | [ Important Notices ] |