Technology is key to dealing with economic uncertainty

That’s how he assured it German Borromei, General Manager of Oracle for Colombiawho explained that it is essential that companies from all sectors pay special attention to innovations that allow them to optimize their processes and strengthen their operations to increase productivity and reduce costs.

The beginning of this year was marked by forecasts of a global economic recession due to factors such as the general increase in interest rates to control inflation, the war in Ukraine, the effects of weather and other inconveniences left over from the pandemic. that have impacted all industries and supply chains, trade and investment worldwide. Colombia is no stranger to this situation, as a slowdown in the economy is also expected.

According to a Harvard Business Review Analytic Services study, 74% of companies say the cloud has given them a competitive advantage by providing real-time access to data. The multinational estimates that by 2025, 100% of enterprise applications will contain some form of integrated artificial intelligence (AI).

In addition, the International Data Corporation (IDC) estimates that by 2026, organizations in the region expect a third of their revenue to come from digital products and experiences. The IDC also estimates that global cloud spending will exceed $1.3 trillion by 2025.

The multinational Oracle presented six scenarios in which digitization becomes the key to facing challenges and overcoming uncertainty.

Source: El heraldo

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