๐ Maple Market Challenge 15: Navigating the boomer retirement wave: How AI can help Enbridge remain afloat?
Hi, mooers!
Like always, let's reveal the answer to last week's quiz: Which Canadian REIT has experienced the highest increase this year? The answer is "First Capital REIT".
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96% mooers chose the correct answer! A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to everyone who left a comment. Well done, everyone! A private message with more details will be sent to you shortly.
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Now, brace yourselves for today's quiz!
$Enbridge Inc (ENB.CA)$, a Calgary-based company, employs over 12,000 individuals and manages energy assets, including the world's longest oil and liquids pipeline network and North America's largest natural gas utility by volume. The company's stock utilizes stable cash flows to support quarterly dividends. As a Canadian Dividend Aristocrat, it offers a 6.6% dividend yield and has consistently increased its payouts for 29 years.
1. ย What do you think about the energy sector for the next 10 years? Could it be worth investing in?
2. As the Baby Boomersโthose born roughly between 1946 and 1964โretire, they leave behind decades of invaluable experience and expertise. Can AI step in to provide support?
2. As the Baby Boomersโthose born roughly between 1946 and 1964โretire, they leave behind decades of invaluable experience and expertise. Can AI step in to provide support?
Stick around for the reveal of the answers and to celebrate our winners. Good luck to everyone! ![]()
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102362254 : The energy sector is set for big changes in the next decade, as the world moves towards renewable energy and cleaner technologies. Oil and gas may still stay profitable because of limited supply and political issues. This means the energy sector could potentially offer good long-term opportunities for investors
Antonio Sze-To : 1. The energy sector will definitely worth investing in as AI will demand huge power, not only for training but also in inference. As we can see a huge demand, this sector is worth investing for the next 10 years.
2. AI can assist but cannot fully replace the human resource. AI cannot replace the human communication and team work/management. Nevertheless, it can improve productivity and efficiency.
72629422 : Energy sector is the backbone of every economy, there is no doubt it will be booming
Jason Fung : Energy sector will always be relevant since they are the engine of an economy. Although the world is slowly moving away from non-renewable to renewable energy source, sometimes we forget how much we still rely on non-renewable energy source. When the market gets too bearish on tranditional oil and gas companies or when oil price is down due to geopolitical reasons, it may actually be a good opportunities to invest in them, especially the large cap ones which are very stable and also pay good dividends.
Bobbyjee : for 1. I still am hopeful of the boost in energy sector. Though world is moving for more sustained energy resources abd leaving coal behind, dependence on clean energy like gas, solar wind is increasing. use of electric vehicle do need to get charged and the best source is still input from the energy sector increased resources. so in my opinion, investing in sustainable energy resources is imminent.
2. AI Is good to have, and though it cannot replace skilled, intelligent and professional humans, it can try to replicate the experience and use of AI as a replacement of baby boomers is an opportunity
CNNT : The next 10 years are still very good for fossil fuel because the renewable energy sector has not matured and stabilized yet. Don't forget, major fossil fuel companies around the world have started to develop their renewable energy investments, albeit small. They are getting ready to continue their dominance.
A fraction of baby boomers who retire will naturally continue to contribute as consultants, trainers, contract workers, etc. Companies that are AI ready can definitely capitalise on technology to integrate their know-how for the business. Well, looks like only those bigger companies that have more capital and long-term vision can truly benefit from this and become more effective.
Living Stone : I heard somewhere that using AI for computation will require the electricity/energy of 14 planets so the demand for energy will reign supreme in the coming years. The supply on the other hand will be low as we are only one planet and AI isn't the only thing that requires energy. High demand and low supply mean energy prices will increase and possibly sky rocket so energy is probably worth investing in now.
AI can help predict skill shortages as baby boomers retire so employers can implement appropriate training programs, and help automate routine tasks so employees can focus on more creative aspects of their jobs. I have been hearing about the "brain drain" since the 1980s and 90s although back then it was partly because the USA had better paying opportunities than did Canada in addition to people retiring so that's not really anything new. Also, automating routine tasks is not a new concept (assembly lines for example) so AI might help but isn't ground breaking. It would be helpful if they can use it to time coffee brewing at Tim Horton's and prevent employees from serving it either under brewed and/or expired. Otherwise I fear our beloved coffee shop is doomed because of that skill shortage.
73279472 : i
็ฑ็ป็ป็็ฒ : Resources are definitely the lifeblood of all technological achievements. Without resources, nothing else can be created, so resource allocation is always necessary.
72413707 : Iโm going to buy it next week.
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