Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: a new index shows that Brazilian companies’ digital transformation process must improve.
Brazilian companies are halfway to full digital transformation
By 2026, Brazilian companies plan to invest BRL 666 billion (USD 134 billion) to further digitize their businesses, according to Brasscom, an association of IT companies. Most of the investment will go to the acquisition or development of software (51.2%), with the rest going to hardware (22%), services (20.9%), and telecommunications (5.9%).
State of play. Despite the high levels of investment, Brazilian businesses still need to make significant progress in their digital transformation, as shown by a new index developed by consulting firm PwC and the Dom Cabral Foundation, a business school.
Halfway. According to the Brazil Digital Transformation Index (ITDBr), Brazilian companies are at a medium level, with a maturity index of 3.3 on a scale of one to six. The majority of respondents are part of the executive management of the participating companies, representing 58 percent of the total.
Why it matters. Digitization is critical to competitiveness. The index was created because there...
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