Thank you, Chair.
I will be sharing my time with my colleague, T.J., so I will ask just one question of the Canadian Electricity Association
Mr. Bradley, in your statement you mentioned the importance of having access to effective energy data and the importance of sharing data. I want to ask a question about data from another angle: the quality of the data. In a white paper called “Data to Wisdom”, published by your association together with some other firms, your association notes that poor data has impacted virtually all companies, including utilities, The paper indicates that poor data quality costs U.S. companies over $3 trillion annually and that in Canada alone, bad data may cost organizations about $300 billion every year.
If we consider that our annual GDP in Canada is $1.5 trillion, this $300 billion represents almost 20% of our GDP. I'm not trying to question the accuracy of this number, but it is a big problem. How do we address this problem? In your opinion, do we have the resources and a strategy to address this problem? How can we make sure that the accuracy and independence of the data are maintained?