Exploring the top three tech companies on the TSX
The TSX has compiled its 2020 Venture 50 list ranking the top 10 companies across five sectors (cleantech, industry, energy, mining and tech).
Business Chief Canada explores the top three companies in the tech sector, which were arranged by the TSX using the following methodology: 1) listed of TSXV on 31 December 2019, 2) market cap of CA$5mn or greater and 3) were listed for more than one year.
Score Media and Gaming Inc
Based in Toronto, Score Media and Gaming Inc (SMG) operates a variety of digital sports media and associated software packages, including score data, news and the latest offerings.
The company has developed several apps for smartphones - ‘theScore’, ‘the Score’ Bet and ‘esports’ - and is dedicated to creating a uniquely ‘mobile-first’ sports experience by immersing users in real-time data.
SMG prides itself on providing an optimised, customisable and shareable gaming experience which takes full advantage of the latest trends in digital innovation.
The company’s ‘theScore’ application currently has approximately 3.6 million active users globally and hopes to use its current momentum to increase its share in the international market.
A leader in cloud-based digital asset management, MediaValet debuted in 2010 with the goal to provide a secure, scalable and flexible solution to corporate data.
MediaValet’s product ‘Core DAM’ allows users to organise data in a singular location, control usage/access with a variety of customisable settings, perform advanced searches and analyses and distribute information.
Well-received widely within the tech industry, the company has received numerous award praising the innovation of its technology and the quality of its customer experience.
mCloud Technologies Corp
Focusing on enabling the full potential of artificial intelligence (AI) and analytics, Vancouver-based mCloud Technologies Corp utilises the latent power of data to streamline infrastructure and performance output across several sectors.
Billing itself as ‘the only asset management platform combining IoT (internet of things), AI and the cloud’, the company’s AssetCare product uses sensors, scanning equipment, AI algorithms and mobile device capabilities to provide next-gen asset management.
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Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.