When it comes to innovation in Latin America, Brazil is paving the way, having eight of the 20 most innovative companies in the region, according to a new report by Visa Innovation Center.
The leading companies in the study are not concentrated in one single sector, but all have something in common: they consider innovation as part of their culture, aiming to change and disrupt traditional mindsets. The report shows that 80 percent of them have a dedicated innovation team, and use application programming interfaces (APIs) as a means of integration; they also show increasing collaboration with startups, known for their leaner and more nimble structures.
Particularly in the case of the Brazilian companies, they also focus heavily on new technologies: “In comparison to other markets in the region, Brazilian firms are leaders in high-tech innovation. Their businesses have incorporated...
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