Technology is playing a vital role in the global pandemic in Latin America as traditional businesses shift into integrating technology.

Technology in Latin America
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The global pandemic has overwhelmed various businesses in Latin America, leading to millions of unemployed across the region.

Despite this, Latin America has remained one of the leading regions in the world in terms of integrating technology in business, according to a report published by Latin America Private Equity and Venture Capital Association.

According to a recently published article in The Next Web, here are technological 'breakthroughs' that transpired while the world was on lockdown:

Brazil

Qualcomm's Wireless joined ClearTech, Brazil's telecom service provider, and enterprise developer app MTM Technologia.

Together, they developed an application to secure blood donation across the country. This initiative came into reality following the warning from the World Health Organization that the global pandemic could have a negative impact on the global blood supply.

Argentina

Globant, software development, announced the launching of its "Life Sciences Studio," that brings together bioinformatics engineers, mathematicians, biologists, platform experts and data scientists to help healthcare, agriculture, and pharmaceutical organizations go digital.

In the official statement they released, they said that the initiative will help develop solutions for organizations that are forced to rethink their approaches and methods in dealing with COVID-19.

Here are the two largest tech ecosystems in Latin America that remained active despite the global pandemic:

Brazil

In early May, a report was released that showed Venture Capital investment in Brazil has increased to 188 percent in April 2020 compared to the same period last year. Moreover, it was also found out that PetLove and CargoX were responsible for 89 percent of the total volume invested.

Mexico

The local Venture Capital investment in the country has spiked to 132 percent from January to April 2020 compared last year. Moreover, the data from business intelligence firm Transactional Track Record has shown that 31 deals were made amounting to $303 million from January to April.

This just simply means that some of the Latin American countries remained steadfast despite the devastation brought by the global pandemic.

In fact, Brazil as the second-largest economy in the region provides agricultural products such as cattle, coffee, cotton, corn, rice, soy, wheat, sugarcane, tobacco, beans, floriculture and fruit. forestry, vegetables, and cassava.

In data obtained from Statista, Brazil produced 377 thousand metric tons of copper, up from around 370.3 thousand metric tons a year earlier. The country's copper production has increased in volume by more than 78 percent in comparison to 2009, when it reached 211.7 thousand tons.

Meanwhile, Mexico remained to be the king of Silver extraction according to a previous report published in Latin Post. Additionally, the country is also the new home of the largest streaming online in the world, Netflix.

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