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Homebuyers are leaving big cities for affordability—here's where they're going and how much they're saving



Homes are expensive. People are finding better deals in the suburbs. American Home Shield looked at data from Freddie Mac to see how much they save.  
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It’s an age-old trend supercharged by the economic conditions of the COVID-19 pandemic: Homebuyers look to the suburbs for a home with enough space that also meets their budget.

American Home Shield looked at data from Freddie Mac to see which major metropolitan areas are experiencing an outflow of homebuyers, as well as where they are going and how much they could save on monthly mortgage payments. Metropolitan areas include the main city as well as its surrounding towns and suburbs.

Monthly mortgage payments were calculated using the median home price for that metro based on Freddie Mac loan applications over the past year. It assumes a 15% down payment and a 6% interest rate on a 30-year fixed-rate mortgage. It does not include the costs of property tax and insurance.

The analysis reveals that those able to purchase a home in the past year are fanning out from urban centers. Many affordable places people are moving to are in the same state but farther away from the city center. In many cases, homebuyers are moving to suburban areas and, in some cases, the exurbs beyond them.

And by doing so, they’re potentially saving a considerable amount of money.

Based on the weighted average of median home prices, the typical mortgage payment is about $3,000 in the top 20 urban metro areas. People who move from these places to more affordable alternatives save about $600 on average.

Big cities lost their appeal over the last five or so years, and the invisible threat that was the pandemic gave homebuyers only more reasons to seek out less dense spaces. Now that home prices are roughly 43.3% higher on average than in 2019, the price differential in these areas continues to appeal to buyers looking to stretch out their dollars.

Continue reading to see where homebuyers in the top 20 metros are heading.

Aerial view downtown.

Kevin Ruck // Shutterstock

#20. Charlotte, North Carolina

– Estimated mortgage payment: $2,100
– Top affordable destination: Hickory, North Carolina ($1,300 estimated mortgage payment)
– Monthly savings: $800

Charlotte is the most populous city in North Carolina and is quickly becoming unaffordable for many of its residents. To the northwest, in the foothills of the Blue Ridge Mountains, Hickory offers a walkable historic downtown and a similar Southern setting to Charlotte.

Tower Bridge and Capitol Mall.


#19. Sacramento, California

– Estimated mortgage payment: $3,000
– Top affordable destination: Yuba City, California ($2,400 estimated mortgage payment)
– Monthly savings: $600

Many Sacramento homebuyers have their eyes set on suburban Yuba City as they look to trade high costs of living for a city where most residents can afford to own their homes. Sacramento politicians are facing pushback as they attempt to add homeless shelters.

Cityscape from Pittock Mansion.

Josemaria Toscano // Shutterstock

#18. Portland, Oregon

– Estimated mortgage payment: $2,700
– Top affordable destination: Salem, Oregon ($2,300 estimated mortgage payment)
– Monthly savings: $400

Oregon is becoming pricier than ever. A new report from United Ways of the Pacific Northwest and United for ALICE found that almost half of the households in the state don’t make enough money to cover basic bills. For Portland residents looking to buy a home, Salem may intrigue them due to its relatively average cost of living compared with the rest of the U.S., according to U.S. News & World Report.

Skyline on clear day.

Vladimir Mucibabic // Shutterstock

#17. Detroit

– Estimated mortgage payment: $1,500
– Top affordable destination: Flint, Michigan ($1,000 estimated mortgage payment)
– Monthly savings: $500

Detroit, home of the U.S. automobile industry, has not historically had a high cost of living compared with other parts of the country. However, record inflation has not spared any part of the U.S., nor any individual income demographic, and it is giving households reason to eye homes for purchase in Flint.

Skyline, freeway and riverwalk.

AevanStock // Shutterstock

#16. Tampa, Florida

– Estimated mortgage payment: $2,000
– Top affordable destination: Lakeland, Florida ($1,700 estimated mortgage payment)
– Monthly savings: $300

The Tampa metro has been a frequent target of hurricanes that make their way across the Gulf of Mexico, including Hurricane Ian, which ripped apart Fort Myers Beach to the south. Lakeland is roughly 30 miles inland and east of Tampa and may offer homeowners more protection from bad weather.

Aerial view of river and skyline.


#15. Austin, Texas

– Estimated mortgage payment: $2,600
– Top affordable destination: San Antonio, Texas ($1,700 estimated mortgage payment)
– Monthly savings: $900

Austin, the San Francisco of the South, is going through growing pains as housing stock falls short of demand and prices have skyrocketed to unaffordable levels. San Antonio offers an appealing alternative for homebuyers who love the hill country and its lakes and rivers, and the city is only 1.5 hours away from the state capital.

Skyline and lake.


#14. Orlando, Florida

– Estimated mortgage payment: $2,100
– Top affordable destination: Lakeland, Florida ($1,700 estimated mortgage payment)
– Monthly savings: $400

Lakeland is a hot spot for Florida homebuyers looking for affordable alternatives to the big metros, pulling buyers from both Orlando and Tampa. Lakeland is near a number of attractions like Disney World and the beaches along the Gulf Coast.

Skyline and waterfront at dawn.

Dancestrokes // Shutterstock

#13. San Diego

– Estimated mortgage payment: $3,800
– Top affordable destination: Riverside, California ($2,900 estimated mortgage payment)
– Monthly savings: $900

The so-called Inland Empire, centered on San Bernardino and Riverside, has been luring millennials looking for affordable housing for at least the past decade—a trend that only intensified with the pandemic’s effects on the cost of living in Los Angeles County.

Sunset over downtown.

Uladzik Kryhin // Shutterstock

#12. San Jose, California

– Estimated mortgage payment: $4,700
– Top affordable destination: San Francisco, California ($4,200 estimated mortgage payment)
– Monthly savings: $500

California home prices may feel like a totally different ball game for much of the country, but high-earning San Jose homeowners are cashing in and moving into San Francisco, which is nearly equally as expensive. San Francisco has experienced slower housing growth than comparable cities—including Austin, Texas, and Seattle—over the past decade due to permitting fewer new builds, according to a San Francisco Chronicle analysis published in 2022.

Arial view cityscape and mountains.

Nate Hovee // Shutterstock

#11. Phoenix

– Estimated mortgage payment: $2,400
– Top affordable destination: Prescott Valley, Arizona ($2,200 estimated mortgage payment)
– Monthly savings: $200

Phoenicians are trading their valley for more mountainous landscapes about 1.5 hours north. Prescott Valley has a proud Western ethos that sees more winter weather than Phoenix. Phoenix housing costs saw one of the largest jumps nationally in recent years, fueled partly by deep-pocketed investors who bought starter properties to make into rental units over the pandemic.

Aerial view metro and highways.

Brett Barnhill // Shutterstock

#10. Atlanta

– Estimated mortgage payment: $2,100
– Top affordable destination: Gainesville, Georgia ($2,000 estimated mortgage payment)
– Monthly savings: $100

Gainesville is a hub for poultry farming and, according to the 2020 census, home to 42,000 people, making it just a fraction of the size of nearby Atlanta, which boasts a population of nearly half a million. A shortage of home inventory in Atlanta is suppressing the market there and continuing to put upward pressure on home values.

Aerial view of cityscape and highways.

kintermedia // Shutterstock

#9. Dallas

– Estimated mortgage payment: $2,300
– Top affordable destination: Houston, Texas ($1,900 estimated mortgage payment)
– Monthly savings: $400

Houston, we have a problem—those hoity-toity Dallasites are being priced out of Dallas-Fort Worth and want lower costs of living. And they may be finding it in sprawling Houston, another of the most populous metro areas in the entire country. Houston offers a low cost of living to the DFW metro, and builders in the region are actively adding home inventory that could help bring prices down in the near future.

Downtown park and skyline with mountains in background.

Studio 1One // Shutterstock

#8. Denver

– Estimated mortgage payment: $2,900
– Top affordable destination: Greeley, Colorado ($2,600 estimated mortgage payment)
– Monthly savings: $300

In Denver, homebuyers are looking to Greeley, home of the University of Northern Colorado, to reclaim a few hundred dollars of their housing costs each month. Home costs in the Denver metro have skyrocketed due to a shortage of inventory in recent years—much like the rest of the country.

Elevated view of Seattle Space Needle and downtown.

kan_khampanya // Shutterstock

#7. Seattle

– Estimated mortgage payment: $3,400
– Top affordable destination: Phoenix, Arizona ($2,400 estimated mortgage payment)
– Monthly savings: $1,000

Seattleites are fleeing Big Tech’s backyard in the Pacific Northwest for dry and sunny Phoenix. And even putting Seattle housing costs aside, it’s no wonder—a recent regional economic study found the cost of just about everything in Seattle is more expensive than the U.S. average.

Skyline with palm trees.

Sean Pavone // Shutterstock

#6. Miami

– Estimated mortgage payment: $2,200
– Top affordable destination: Port St. Lucie, Florida ($2,000 estimated mortgage payment)
– Monthly savings: $200

Port St. Lucie has experienced massive population growth in recent years, now ranking just behind major cities like Miami, Tampa, and Orlando. In the face of that growth, the city is currently trying to rediscover its identity and what sets it apart amid a throng of Florida population centers with world-renowned tourist-driven economies.

Skyline with Charles River.

lunamarina // Shutterstock

#5. Boston

– Estimated mortgage payment: $3,000
– Top affordable destination: Worcester, Massachusetts ($2,100 estimated mortgage payment)
– Monthly savings: $900

Massachusetts homebuyers pay the fifth-highest down payments in the country on average, and the state is dealing with its own shortage of housing inventory—especially the kind that middle- and low-income residents can afford. Worcester, which has seen its population grow by roughly 21,000 over the last decade, is the second most populous city in the state and is located just west of Boston.

Financial district skyline.

Pete Niesen // Shutterstock

#4. San Francisco

– Estimated mortgage payment: $4,200
– Top affordable destination: Sacramento, California ($3,000 estimated mortgage payment)
– Monthly savings: $1,200

Like many other business centers, San Francisco, the gateway to the Pacific, is currently undergoing a post-pandemic shift in culture as offices sit vacant. Retailers and other businesses have begun to exit the city, citing a rise in shoplifting. Homebuyers are finding a booming arts scene, a wide array of festivals, and lower housing costs in nearby Sacramento.

Pennsylvania Avenue and US Capitol.

Orhan Cam // Shutterstock

#3. Washington DC

– Estimated mortgage payment: $2,700
– Top affordable destination: Baltimore, Maryland ($1,900 estimated mortgage payment)
– Monthly savings: $800

Baltimore’s median home prices dropped for the first time in years this spring, and the city has lost residents in recent years. The downtown has also been plagued by blight due to historic disinvestment in Black communities that have inhabited its characteristic rowhomes. But the market is offering Washington D.C. residents, who pay among the most in the country for housing, the opportunity to trade down their housing costs.

Aerial view downtown at sunset.

TierneyMJ // Shutterstock

#2. Los Angeles

– Estimated mortgage payment: $3,800
– Top affordable destination: Riverside, California ($2,900 estimated mortgage payment)
– Monthly savings: $900

Like those in San Diego, Los Angelenos continue to be swayed by the promise of an easier cost of living in the Inland Empire, which comprises Riverside and San Bernardino. Riverside, in particular, is where children can attend above-average schools compared with the rest of the state, and most residents there can afford to own their homes, according to Niche.

Elevated Manhattan cityscape.

Thiago Leite // Shutterstock

#1. New York

– Estimated mortgage payment: $2,900
– Top affordable destination: Philadelphia, Pennsylvania ($1,900 estimated mortgage payment)
– Monthly savings: $1,000

One of the greatest towns for professional sports fans, Philadelphia is pulling the attention of New York homebuyers seeking to lower their monthly mortgage payments. Philly offers a reprieve for a buyer who could drop $1.5 million for property in the New York City borough of Staten Island, even if it still has relatively high housing prices.

Data reporting by Elena Cox. Story editing by Jeff Inglis. Copy editing by Andrew Mangan. Photo selection by Elizabeth Ciano.

This story originally appeared on American Home Shield and was produced and
distributed in partnership with Stacker Studio.

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mesh conference goes deep on AI, with experts focusing in on training, ethics, and risk

The mix of topics is a major part of the appeal. So is the opportunity to have genuine conversations.



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The mix of topics is a major part of the appeal. So is the opportunity to have genuine conversations with senior leaders, and doers, across so many industries for two days.

Day one of the mesh conference was all about navigating innovation, privacy policies, and diversity in a tech-driven world, and day two was all about artificial intelligence (AI) and its impact on media, marketing, business and society.

AI is everywhere, but this day hit different. 

“I sat beside a marketer this morning who said he came to mesh because he was interested in the topics, but that he also knew lots about the subject matter so he wasn’t sure how much he’d take away,” said mesh attendee, Sarah Coleman who travelled from Calgary to see mesh in Toronto. 

“But after a full day of talks, he said to me that he was totally surprised by the cross-industry perspectives shared, and he walked away from the first day with thoughts he had never considered. For me, that’s the biggest value of mesh and it’s why I travelled across the country for my second mesh conference this year.”

Day two opened up with a frank discussion about the training of artificial intelligence (AI) and data sources with Elena Yunusov, AI strategy and marketing leader with the Human Feedback Foundation. 

Yunusov recently started the foundation to crowdsource the human feedback layer that’s missing from private AI models. Private models will continue and make decisions we won’t agree with, she said, but open source initiatives offer the chance for more innovation and better-informed applications.

“We should have more say about how AI is shaped and developed,” said Yunusov. 

There are a handful of models influencing us in ways we may not understand. But the Human Feedback Foundation is a small, but mighty open-source project trying to make AI less toxic and more empathetic. 

Photo by DX Journal

Use human feedback to bring the human voice back into data

After opening remarks, Yunusov continued the AI discussion with Darnel Moore, founder and CEO of, who sees technology as a tool to connect with people. “We need a way for people to see each other and for businesses to see those people,” said Moore. 

Businesses just want to see the data point — not its context. But cognitive bias tells us that time, place, and situation influences people’s decisions, so the data means nothing without context. 

Moore said somewhere along the line people became a bug, rather than a feature, for businesses and that needs to change. 

“It’s important to get yourself out of the loop of data and buzzwords,” he Moore. 

It’s hard when you’re driving hard and fast not to attach yourself to buzzwords. But it’s not about pitching, selling, or moving your product — it’s about connecting with people.

Both Yunusov and Moore expressed puzzlement around the anxiety many people have around AI handling routine tasks. 

“Machinery is levelling human beings up from the mundane,” said Moore. People can now be more creative and learn in ways that weren’t possible before, he added.

“We have agency in this and the tools we never had before to get us to the next stages of that journey,” added Yunusov. 

We’re living through a bit of a reckoning in tech, she notes. Things are going to change, but how they change should be up to us. 

“Change is part of the human experience and we’re just doing it with different tools now,” said Yunusov. 

Photo by DX Journal

AI is a very divisive concept

Rika Nakazawa, global vice-president with NTT’s New Ventures and Innovation team, joined mesh fresh from COP28’s World Climate Summit in Dubai where there were two camps — one that believed AI is going to be the end of our ability to attain sustainability goals, and the other that thought it would bring the dawn of a new horizon. 

Amy Peck, founder and CEO of EndeavorXR, agreed. On one end of the spectrum, it’s the great saviour. We’ll be able to leverage it and achieve all our goals, she said. On the other end is the doom and gloom. 

Peck said business leaders need to start understanding data better, urging for bias-free data to be the foundation for AI training algorithms. We’re equal in our humanity, said Peck, so we must learn to embrace our differences rather than vilify them.

“AI is an overnight success, 80 years in the making,” said Nakazawa. “There’s nothing artificial about artificial intelligence.” 

It’s all made — binary code is mimicking our brain. 

“We have to retrain ourselves to work with AI and not just hand over our tasks to AI,” Peck said.

Photo by DX Journal

We needed to manage and prevent food waste

For this event, the mesh conference partnered with Second Harvest to ensure unused food served at lunch would not go to waste. Using Second Harvest technology, unused packaged lunches were donated to a local charity.

“It’s the eHarmony of food,” joked Lori Nikkel, CEO of Second Harvest during a fireside discussion. 

Nikkel was joined by Winston Rosser, VP of Food Rescue Operations at Second Harvest, who demoed the technology built to help conquer food insecurity and food redistribution.

Rosser explained that the app connects a variety of donors, from small retailers to major grocery stores, with local, non-profit charities who need food. Before the platform was built, huge trucks were sent to pick up 20 lbs of food from a grocer and take it across the city — an option that was not sustainable. Now, donors can easily connect with one of more than 61,000 charities via the platform.

Rosser also shared some startling stats:

  • 58% of all the food produced in Canada is lost or wasted, mostly ending up in landfill.
  • 3.9 million Canadians are food insecure.
  • Only 4% of food businesses were donating food.

Since the launch of the app, Second Harvest has flipped everything on its head. In 2016 the organization rescued nine million pounds of food, but after the app was deployed, that number skyrocketed — in 2022, nearly 75 million pounds of food was rescued in 2022. Last year Second Harvest kept food worth $234 million out of landfill. 

When asked why there’s so much food waste to begin with, Nikkel offered a sober response: “We don’t value food,” she said, adding that we’ve commoditized food to the point where we don’t value it like we used to. An example: many people will buy food in a two-for-one deal even if they don’t need it, and oftentimes it’s simply thrown out.

Photo by DX Journal

Adoption requires sponsorship within the organization

Afternoon discussions on day two of the mesh conference also looked at laggard industries, and professionals who can be resistant to change.

Colleen Pound, founder and CEO of Proxure, and Mary Jane Dykeman, managing partner at INQ Law, talked about the difficult task of integrating AI in law and healthcare — two industries that can be averse to technological innovation.

“Their aversion creates a lot of white space to work in,” said Pound, adding that progress looks like evolution rather than revolution. 

Dykeman agreed, adding that change in situations like this often takes a foothold when a series of low-risk initiatives are the starting point. Ultimately, they can lead to larger transformations.

In addition, privacy and data security are major issues for both industries that need to be managed first, Pound said. Data management is the starting point.

“Better data and better processes drive better business outcomes,” Pound said.

Photo by DX Journal

AI is what you make it

The day’s closing panel included a conversation on AI in media, featuring mesh co-founder and media pundit, Mathew Ingram.

Ingram joked that he would be terrified if he was starting his journalism career today. As the chief digital writer for the Columbia Journalism Review, Ingram noted that distributing information is easier today, but distributing disinformation is also easier.

“The quality of the disinformation doesn’t matter,” Ingram said, saying people believe disinformation because they want to believe it. 

“A nine-year-old could think of a more plausible conspiracy theory than some of the ones I’ve seen people believe,” he said. 

Chris Hogg, president and founder of the content marketing firm Digital Journal Group (DJG), said he sees B2B content marketing rolling back to what high-quality journalism used to offer. Hogg said success can now require businesses to produce less content, and instead focus on quality and distribution to stand out and drive results.

The fireside discussion also looked at the risks AI poses to the media industry. 

AI may not always be able to make things better, but it has great applications as a technology to support journalists. 

“It’s a tool that you can use and do things that help you and are valuable,” said Ingram, noting that transcription, story idea generation, and automating mundane tasks are big benefits offered by AI.

While there are considerable risks with OpenAI’s accuracy, deep fakes, and fake AI content, Ingram said the technology is still important.

“I’m a big believer in the power of individuals to change things,” he said. “There are things we thought would be inconsequential, but have changed the world, for better or worse.”

Join us next year in Calgary for the mesh conference, June 11-12, 2024. The two-day event then returns to Toronto the week of October 21, 2024.

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mesh conference hits Toronto this week — here’s what’s in store

This week, innovators and digital transformation leaders from across North America will gather at the Symes in Toronto for the mesh conference.



The mesh conference speakers
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This week, innovators and digital transformation leaders from across North America will gather at the Symes in Toronto for the mesh conference. With a focus on four threads — business, media and technology, society, and marketing — mesh will connect, share, and inspire others to think about changing how we think, organize, operate and behave.

The mesh conference differs from your typical transformation and innovation event in part thanks to two simple rules: no slide decks and canned presentations, and no pay-to-play sessions. The result? Lively sessions where the audience is encouraged to engage with speakers throughout. 

The theme for this edition is “Human-powered, tech-enabled.” Speakers and attendees will explore the pivotal role of technologies in augmenting human capabilities to improve workplace diversity, enhance competitiveness, and even turn back time on human-induced environmental damage through “de-extinction”. 

The full mesh speaker lineup

Over the course of two days, more than 20 speakers will take part in the Toronto event on December 6-7, 2023. The full run-of-show, with speakers and sessions, includes:

mesh conference
Dr. Michael Geist (Canada Research Chair in Internet and E-Commerce Law, University of Ottawa) and Tyler Chisholm (clearmotive marketing)

Canada’s digital policy has gone off the rails. What should the engaged community be doing?

Dr. Michael Geist (Canada Research Chair in Internet and E-Commerce Law, University of Ottawa) will join Tyler Chisholm (clearmotive marketing) to discuss the Meta ban on news, Google’s newly announced search policy around news (backed by $100 million for the industry) and podcasting regulations. Dr. Geist will explain why he has described the law as a “total policy disaster” and an “epic policy blunder” by the government. On the heels of his testimony before the CRTC, he’ll share his insights on what we might expect next and what engaged communities should be doing. Gain a greater understanding of the policy landscape and its impact on how we live and work. 

Marissa McNeelands (Toast) and Amber Mac

Leveraging AI to create a more diverse and inclusive tech industry

Marissa McNeelands (CEO of Toast) will be joined by Amber Mac to discuss how her company works to eliminate gender bias in tech hiring. TOAST, Canada’s first female-focused talent partner, uses a unique AI-driven recruitment tool to help organizations diversify their tech teams and support women in tech careers. This session will explore the role that data and algorithms could play in fostering a more inclusive workforce.

mesh conference
Natalie Black (Mia), Liberty White (CHOZEN MEDIA), Prieeyya Kaur Kesh (Mia), and Anne-Marie Enns (Mia)

AI, Creativity, and Inclusivity: Empowering Tomorrow’s Marketing Leaders

This panel explores how AI and creativity can foster economic empowerment through tech skills training and career growth. The panel will delve into the impact of AI on marketing, the importance of diversity and inclusivity in its design, and the role of continuous education. The session aims to understand economic empowerment through tech skills training, career growth, and a nurturing environment. Features Natalie Black (Mia), Liberty White (CHOZEN MEDIA), Prieeyya Kaur Kesh (Mia), and Anne-Marie Enns (Mia)

mesh conference
Dana O’Born (Council of Canadian Innovators), Tracey Bodnarchuk (Canada Powered by Women) and Stuart MacDonald (Narrative Fund)

Innovating for Canada’s Competitive Edge

Join Dana O’Born (Council of Canadian Innovators), Tracey Bodnarchuk (Canada Powered by Women), and Stuart MacDonald (Narrative Fund) as they discuss the future of Canadian competitiveness through the lens of innovation and transformation. This session will explore the technology and energy industries and why innovation is a team sport. Looking at both growing and transitioning sectors, they will explore how Canada can leverage its strengths and overcome challenges to maintain a competitive edge in the global market and create a sustainable, prosperous future. 

mesh conference
Ben Lamm (CEO of Colossal) and Chris Hogg (mesh conference / DJG / Digital Journal)

Why ‘de-extinction’ is vital to fighting climate change

Join Ben Lamm (CEO of Colossal) and Chris Hogg (DJG) for a riveting discussion on de-extinction and its role in combating climate change. Could the woolly mammoth, the Tasmanian tiger, and the dodo bird be agents of change? Learn about Colossal’s groundbreaking work in reviving extinct species and how this contributes to biodiversity restoration. We will delve into the technology behind halting extinction, preserving animal DNA, and reversing human-induced environmental damage. Explore how de-extinction can restore lost ecosystems, increase biodiversity, and contribute to environmental sustainability. This session promises to spark insightful discussions on the future of biotech and environmental conservation. 

Darnel J. Moore ( and Elena Yunusov (Human Feedback Foundation)

AI in Marketing: Magic Wand, Double-Edged Sword or Pandora’s Box

Darnel Moore ( will be joined by Elena Yunusov (Human Feedback Foundation) to explore customer marketing strategies in the context of AI. We will delve into how AI can personalize content at scale and analyze customer behaviour while highlighting the importance of human insight and intervention in marketing. Have we crossed the line when the computer tracks, predicts and influences customer behaviours? Where and when is it best to deploy machine learning and AI in your marketing strategy? At what point in the process is it still best for humans to drive the process? How do we ensure that AI supports the customer journey and that the tools we deploy do not undermine an authentic, transparent relationship? Join us as we aspire to find where the balance is best placed between AI tools and human intention, avoid repeating the mistakes of social media and aim to harness the power of AI responsibly.

mesh conference
Amy Peck (EndeavorXR) and Rika Nakazawa (NTT).

The Almighty AI: Friend or Foe for the Sustainability Agenda?

While headlines are dominated by the thrill and alarm of the rise in Artificial Intelligence applications and utility across industries, they have overshadowed another existential hot topic: Sustainability and ESG. This fireside chat will examine AI’s role in the Sustainability agenda for communities, businesses, and national states, and in what ways leaders across sectors are taking action today for impact tomorrow. We might even imagine new kinds of futures where artificial and collective intelligence collide in this unique chat forum. Features Amy Peck (EndeavorXR) and Rika Nakazawa (NTT).

mesh conference
Lori Nikkel (CEO, Second Harvest), Winston Rosser (VP, Second Harvest) and Mark Evans (Marketing Spark)

Amplifying Community Actions: Case Study of the Second Harvest Food Rescue App

Lori Nikkel (CEO of Second Harvest) and Winston Rosser (VP, Second Harvest) will join Mark Evans (Marketing Spark) to discuss their innovative approach to combating food waste and insecurity, particularly during the COVID-19 pandemic and its aftermath. They’ll share how their technology platform has facilitated partnerships between food donors and non-profits, enabling them to scale the redistribution of surplus food from coast to coast to coast. Learn about the increased efficiency that allowed them to connect 5,600 donors with 3,400 non-profits–rescuing 24 million pounds of food, averting 79.3 million pounds of greenhouse gases, and saving 13.2 billion litres of water in the last year alone. 

mesh conference
Colleen Pound (Proxure), Mary Jane Dykeman (INQ Law) and David Potter (Vog)

AI & Procurement: The Intersection of Innovation, Risk and Law

Join Colleen Pound (CEO of Proxure), Mary Jane Dykeman (INQ Law) and David Potter (Vog) for an enlightening session on the transformative role of AI and technology in professional services. They will delve into how these tools are levelling the playing field, particularly in procurement and legal services. Colleen, with her expertise in automation and predictive analytics, will shed light on procuring AI solutions. Mary Jane, a seasoned health and data lawyer, will discuss the legal and risk management aspects of AI adoption. This session promises a rich blend of insights from the tech startup and healthcare sectors.

Mathew Ingram (Columbia Journalism Review) and Chris Hogg (mesh)

What the chaos at OpenAI, misinformation, and fake AI journalists mean for our future

Join Mathew Ingram (CJR) and moderator Chris Hogg as they explore the chaos that has been the world of AI this year. From executive shakeups, to fast-vs-slow AI, to misinformation and deepfakes, this session will explore the current state of AI and what it means for our future.

Digital Journal is an official media partner of the mesh conference. Learn more and get tickets to the mesh conference, happening December 6-7 in Toronto, at

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AI is taking the world by storm — unless you’re in finance, Gartner survey finds

61% of finance leaders aren’t using AI and Gartner explores why in their latest survey.



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We’ve seen plenty of studies, industry updates, and tech investments pointing to an AI revolution in virtually every industry, especially IT and customer service. 

But one Gartner survey shows a lag in AI adoption by the finance industry. The technology research and consulting firm conducted a survey of 130 finance leaders and noticed “limited” AI implementations:

“Despite AI’s potential, most finance functions’ AI implementations have remained limited. As they begin to chart out a plan for how best to prioritize that additional investment, CFOs should partner with their finance leadership teams to compare their current progress against their peers’ and identify concrete recommendations from early adopters on how best to accelerate AI use in their function.”

  • Marco Steeker, Senior Principal, Gartner Finance Practice

Here are a few highlights from the report:

Most finance leaders using AI are only in early stages

Gartner found that only 8% of finance organizations are using AI in production, which is much less than the 20% in other areas like HR, real estate, and procurement. This speaks to finance being over two times behind in AI use compared to the rest of the departmental functions. Additionally, a mere 1% of finance leaders say they’re in the scaling phase.

Finance leaders prioritize other initiatives over AI

The survey asked respondents why they haven’t used AI in primary finance functions, and the majority of answers included these four reasons:

  • Lack of technical capabilities
  • Low-quality data
  • Insufficient use cases
  • Other priorities

The latter reason felt the most problematic within finance leaders’ perspectives: 

“What this perspective underappreciates is that AI can be a critical enabler of finance leaders’ “other priorities,” such as more dynamic financial planning or close and consolidation efficiency.”

  • Marco Steeker, Senior Principal, Gartner Finance Practice

A recent Dye & Durham report suggests AI could help stabilize the financial sector as interest rates and economic indicators sway by offering efficiency, cost reduction, and accuracy — but the hesitancy remains. Their report also found that a majority of skilled professionals, including lawyers, doctors, and financiers, express discomfort with incorporating AI into their services. 

Existing AI use in finance varies across different functions

The Gartner survey found that finance departments don’t use AI for one main function across the board. Instead, it’s use cases are varied and include: 

  • Accounting support
  • Anomaly/error detection
  • Financial analysis

Learn more about the Gartner survey here

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