Home Back

Plug In, or Say Goodbye

mexicobusiness.news 2024/10/6
Plug In, or Say Goodbye
Francisco Hurtado
By Francisco Hurtado | Senior Director of Operations and Business Development - Mon, 07/08/2024 - 12:00

Connectivity is shaping a new business landscape full of opportunities and challenges. Every time I think about it or observe it in my daily life, I clearly see how this transformation promises to be one of the most powerful engines for change in the next decade.

The connectivity revolution, driven by emerging technologies such as the Internet of Things (IoT), 5G networks, advanced artificial intelligence, and blockchain, is not only redefining how businesses operate but also opening new avenues for innovation and growth in various economic activities.

Take manufacturing as an example. The integration of IoT with operational technologies (OT) and artificial intelligence in this sector is giving rise to what is called Industry 4.0. In the "factories of the future," smart production enables process optimization through real-time data analysis, predictive maintenance, and advanced automation.

Companies like Siemens and GE are already using these technologies to reduce costs and improve their efficiency, considering connectivity as a foundational element. The ability to collect and analyze data at every stage of the manufacturing process is leveraged in their continuous improvement models.

The healthcare sector is also undergoing a radical transformation. Connectivity, in this case, aims at both patient care and medical research. The use of connected medical devices and telemedicine applications is making continuous monitoring and more effective remote care possible.

Artificial intelligence is accelerating drug discovery and personalized treatments. It is expected that the ability to offer personalized treatments based on precise data about medical history and patient conditions will save lives and improve the quality of care. The more connected we are, the healthier we will be.

In the realm of retail and e-commerce, connectivity is also present and directed toward the consumer experience. E-commerce platforms like Amazon and Alibaba use advanced data analytics to anticipate customer needs and optimize the supply chain. Augmented reality (AR) and virtual reality (VR) are beginning to offer immersive shopping experiences, allowing customers to "try" products from the comfort of their homes.

The personalization and convenience these technologies bring will redefine consumer expectations and force traditional retailers to quickly adapt, or risk being left out of the market.

The Digital Field

Agriculture has also particularly caught my attention. It is a sector that has traditionally been slow to adopt new technologies but is now undergoing a significant transformation thanks to connectivity.

Precision agriculture uses IoT sensors, drones, and data analytics to help farmers monitor crops and optimize the use of resources like water and fertilizers. Companies like John Deere are developing connected agricultural equipment that allows for more efficient and sustainable farm management. This technology will not only increase productivity in the "field" but also help reduce environmental impact with more sustainable farming practices.

In the financial sector, connectivity is driving the adoption of technologies like blockchain and artificial intelligence to improve the transparency, security, and efficiency of transactions. In fact, fintech companies are challenging traditional banks with more accessible and personalized financial services.

Overall, the ability to perform secure and fast transactions through digital platforms has already changed the way people manage their money and presents new opportunities for financial inclusion.

Connected Talent

To fully leverage the advantages that connectivity offers, it is crucial that both companies and individuals are prepared for the upcoming changes.

The rapid evolution of connectivity and associated technologies underscores the importance of staying up-to-date with technological advancements and continuously training staff. Companies that invest in employee training and upskilling are not only better prepared to adopt new technologies but also have the ability to innovate faster and respond to market changes with greater agility.

Investing in continuous training programs is essential to keep employees updated with the latest trends and technological skills. This includes training in the use of new digital tools, including developing skills in data analysis and cybersecurity. Fostering an innovation culture within the company can help identify and seize new technological opportunities, creating an environment where employees feel encouraged to experiment and propose new ideas.

Being connected with other companies and professionals in the sector can provide valuable insights and foster collaboration on innovative projects. I increasingly consider it important to participate in conferences, seminars, and professional networks to open doors to new opportunities and strategic alliances. Connectivity will be a catalyst for a new business world, with unprecedented opportunities. 

The adoption of emerging technologies and the maintenance of a trained and adaptable workforce will be key for companies to not only survive but thrive in this dynamic environment. Connectivity is not just a trend but a fundamental need for any company aspiring to be a protagonist in the future.

People are also reading