Local SMEs could see technological revolution in next 3 years - Totvs

- Thursday, May 19, 2011

Local SMEs could see technological revolution in next 3 years - Totvs

Mexican SMEs are expected to experience a technological revolution over the next three years, services director for the local unit of Brazilian software development group Totvs (Bovespa: TOTS3), Vicente Credidio, said in a press release.

According to Credidio, the technology boom will be a result of cultural change in the country, as well as increased demand from international business.

Micro, small and medium-sized companies make up 97% of Mexico's economy. Credidio said these firms are ideal for driving growth, as they have the ability to create work, low capital requirements and technological flexibility.

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Credidio said SMEs will have the challenge of placing a new focus on Mexico's business culture in order to successfully face globalization and ensure a presence in international markets, while also maintaining a healthy national position.

Key for these companies will be incorporating new technologies, allowing them to share information and collaborate, the executive said. Virtualization and cloud computing are the main trends, with more than 80% of IT managers expecting to store company applications and information in cloud environments in the next three years.

Credidio gave three recommendations for Mexican SMEs: put a virtualization philosophy in place, have a technological platform and establish virtual education practices.