How Technology Enables New Business ModelsBy Cinthya Alaniz Salazar | Wed, 05/04/2022 - 17:33
The technologies companies have implemented over the past two years have set off a chain reaction of change, including the development of entirely new business models, digital infrastructure and organizational procedures. With technology at the center of business competitiveness, CIOs have become key business directors with increasingly important responsibilities. Immediate considerations for C-suite executives concern the use of enterprise AI, which companies have used to discover and build new business models.
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C-suite executives relied disproportionately on their CIOs to make constructive decisions regarding technology applications and solutions during the digital mad dash. The observed success derived from their expertise has secured their seat at the decision-making table.
Multiple surveys and studies by consulting firms have confirmed that a majority of C-suite executives are resistant to use AI in high-level decision making. While skepticism might be sound, early adopters have utilized enterprise AI to disrupt and alter their industry ecosystems in significant ways.
The past two years have undoubtedly uprooted traditional processes and approaches across industrial sectors, paving the way for new business models and digital-first solutions, said Julio Heshiki, Managing Director, Kyndryl Mexico.
Fiber to the X (FTTx), the use of optical fiber in all or part of last mile telecommunications, is becoming a strategic resource, says Mauricio Kenji Takashima, Country Manager, Furukawa Electric LatAm.
“When we talk about FTTx we refer to a solution that has simplified the way the internet is used. Among many enhancement possibilities, this technology offers improved reliability and speed through fiber optics that are more resilient and scalable.”
“Digital signatures and legaltech in Mexico have risen significantly because of the innovative solutions they bring to the table,” said Yaritza Rodelo, CEO, Easylex. These tools can reduce the bureaucratic red tape for which Mexico is famous.
Despite a push to create financial inclusion in Mexico, challenges remain. Nevertheless, businesses can leverage technology to expand financial access to those that, until now, have been left behind, said Sergio Jimenez, CEO and Co-Founder, Flink.