Latin America Needs to Work Toward Digitization

Experts agree that emerging countries have a unique opportunity to boost their economies through the use of technology. The housing sector in Mexico could increase its impact on the country’s GDP thanks to property technology (proptech), says TuHabi, while Metaverse technologies may be widespread in emerging markets until 2028, highlighted José María Alonso Cebrián, Chief Digital Officer, Telefónica.

In other news, Microsoft will buy a US$2 billion stake in the London Stock Exchange (LSEG) as part of a collaboration to work together on data analytics and cloud technology. 

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Tech Could Boost Housing Sector’s Contribution to GDP: TuHabi

Property technology (proptech) could revolutionize the impact of the housing sector in Mexico’s economy and its daily operations, as digitization aims to boost the sector’s contribution to the national GDP, experts agree. 

Gerardo Fernández, Director General, TuHabi highlighted that the use of technology, information and data has the potential to transform the housing subsector, as it facilitates processes like the valuation of homes. “We have a major problem in Mexico, as we do not possess the information to successfully buy or sell a house. We are building the required infrastructure to make house trading quicker and easier. We also diversified our service portfolio to allow more people to benefit from our services,” Fernández said. 

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Metaverse to Become Widespread in Latin America by 2028
Metaverse technologies are shifting the way people across the world interact with technology. Countries like Brazil, Colombia and Mexico are working toward specializing in these technologies. However, due to Latin America’s limited network infrastructure, the universal use of this technology would be achieved by 2028, according to José María Alonso Cebrián, Chief Digital Officer, Telefónica.
 

Alonso highlighted the region’s lack of key infrastructure, including networks that enable connection at high speeds and without delays. Latin America still has “a long way to go because the networks are not ready and we do not have the sufficient computing capacity to develop this meta-universe as presented by Meta/Facebook,” said Alonso.

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Microsoft to Buy 4 Percent Stake in London Stock Exchange
The giant technology company announced a 4 percent stake purchase worth US$2 billion in the London Stock Exchange (LSEG). The collaboration aims to bring a “meaningful” upside to revenues after 2025 from selling more of its existing products through Microsoft applications to grow the customer base, as well as improving the pricing of products.

"It is a long-term partnership. In terms of the products we will be building together, I would expect our customers to start to see the benefits of that 18 to 24 months out and we will continue building from there," said David Schwimmer, CEO, LSEG.

Find out all the details here.