Investment in science, technology and innovation is critical to a country’s development as it directly affects GDP growth and increases productivity, which translates into improvement in people’s living standards.
The growth of technology in Mexico over the past 30 years has been driven by its geographic position, making it a strategic player for the world’s most powerful economy.
Although technology adoption among the country’s largest companies is on par with more advanced economies, the advancement of the Internet and mobile devices puts Mexico in a privileged position in the context of the Latin American region, and large gaps exist. With respect to the universe of SME enterprises and low-income populations.
We are experiencing incredible growth in new technologies that will transform the economy and inspire future generations. Advances in connectivity, biotechnology, quantum computing and artificial intelligence, and metaverse. All of these represent great promise for human development, economics, productivity and sustainability.
What technology is produced in Mexico?
According to the Ministry of Economy, Mexico has become the fourth largest exporter of information technology services worldwide and is classified as the sixth best destination for outsourcing services and contact and call centers.
Over the last 10 years, the IT sector has grown at an average rate of 11.2% per annum, faster than the growth of the national GDP. Mexico is the second most important market in Latin America after Brazil in terms of market value. He Department of Information Technology Our country is experiencing exceptional growth, surpassing even the most optimistic projections for GDP growth in 2023.
This growth is attributed to companies moving from experimental stages of technology adoption to building a viable digital business.
According to various opinion leaders and sources such as the World Economic Forum, OECD and ECLAC, the following points are relevant to consider:
• Design and development Comprehensive National Digital Economy Strategies that set key goals for society. Investing in digital infrastructure is essential to connect everyone and everywhere.
• Stimulation Increased collaboration between public and private sector leaders to create digital transformation across all sectors.
• Identify Developing comprehensive plans to address the digital skills gap and transformative skills.
Such a collaborative approach across the public and private sectors would not only make the economy more resilient, but also enable the global community to create new value and deliver on the promise of technology.
Mexico must maintain its proven vision of openness to global technologies, supporting the development of the country and the North American region without limitations, so that no one is left behind. Rapid digital transformation is unlocking economic and technological innovation, driving growth and enabling new forms of social participation around the world.
Major technological industries of the country
Major technology industries in Mexico include:
Information and Communication Technologies (ICT), Electronics Manufacturing, Automotive, Biotechnology, Telecom, Aerospace, Smart Factory, Agriculture 4.0, Robotics and Automation, Software Development and Biopharmaceuticals. These industries use innovative technology to improve products and services.
Undoubtedly, we are already on the path towards the total digitization of our societies and industries. Preference is given to companies across sectors such as healthcare, education, finance, energy, mobility, etc. to be digital-to-market.
Javier Lopez Casarin