With the upcoming federal budget expected to tighten spending while accelerating Canada’s innovation agenda, organizations need to start thinking about how to operate in a climate of constraint and opportunity. Winners will play defense and offense at the same time: cutting waste, strengthening operational resilience, and making focused, ROI-driven bets on data and technology. Now is not the time for complacency; it is the time to modernize with discipline and build the capabilities that will power growth on the other side. This article talks about how.