10/28/2022 - technology-and-innovation

A paradigm shift to a digital economy

By gustavo canullo

A paradigm shift to a digital economy

A very tiding theme nowadays is technological transformation and disruption.A paradigm shift to a digital economy. Scanning is one of the global growth engines.

The Big Tech have monopolized during these last two decades many of the markets in which they operate and their dominance is persistent in the strategic behavior of companies.

The lack of competition affects innovation as well as the underlying markets. In the economies in which innovation is significant and continuous, everything will stop the entry of new products and services or the increase in product competition implies a stagnation of economic growth.

It is therefore expected that the regulatory framework of governments will contribute to the greatest dynamism of the digital economy in advanced countries.

What new technologies will lead the economy of the future?

It is interesting to identify trends, study how it will affect employment and economic growth. Which countries will be strengthened and which will not access this race.

Technological convergence, or creative destruction, leads to a turning point that rebounds throughout society, so it will happen for example with advanced robotics, 3D printing or autonomous vehicles, so to quote.

There is a threatening part, although in the long run the history of other economic revolutions believes that employment created with new technologies outweighs growth what destroys or disappears.

The automatic boxes threatened banking, then tools for the service of exponential growing customers, with no reductions in contracting in the sector.

It is necessary to encourage the creation of technology companies fiscally, through labor and financial reforms to increase the supply of talents and venture capital.

The focus is on the Big Data, in the control of the data, is more than a B2C theme, Europe wants to defend the data and that is the property of the individual.

The U.S. has trend control for companies and China is undoubtedly state.

This undoubtedly generates differences in competitiveness.

And it's the world we're going to...

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gustavo canullo

gustavo canullo

Lic. Adm.de Empresas
Financial and Commercial Analyst
Import/Exporter
High-level, results-oriented executive with more than 15 years of experience and proven results in: Strategic Planning, Executive Leadership, Human Capital Administration (at management levels) and implementation of information technologies.

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