Business technology transformation is inevitable

Business technology transformation is inevitable

As Gartner mentions, technology modernization refers to “migration from legacy to new applications or platforms, including integration of new features to provide the latest features to the business”. Certainly the adoption of these technologies is not something that happens automatically, but it is necessary for companies to transform themselves, enter this new world and not be afraid to navigate the different challenges that arise along the way.

In this sense, Elon Musk is a perfect example of technological transformation. As many will remember, it was last year when the CEO of Tesla announced that they were no longer just an automobile manufacturing company, but also a robotics company. With this announcement, the also co-founder of SpaceXshowed that transformation comes from the top down.

What I mean by this? That the companies that manage to focus their efforts on digitization and technology will be the winners and, on the contrary, all the traditional companies that resist change will be left behind.

Although it is true that in Mexico there is still an ecosystem of development and technology to enrich, we cannot deny that the last 10 years have been incredible for our country in terms of technology adoption. A couple of years ago, few people had smartphones (smartphones), for example, while now the vast majority have them.

In fact, as the study reveals Digital 2021 Global Overview Report published by We are Social and hoot-suite, 98.7% of Mexicans between 16 and 64 years of age use smartphones . And another interesting fact to keep in mind is that the number of connected mobile devices in Mexico is 115.4 million, which constitutes 89.1% of the population .

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At the same time, it should also be noted that most people in the country search the Internet for services and products before buying them. As reported by Statista, In 2020, it was estimated that more than 39% of the Mexican population purchased goods or services online. Only three years earlier, in 2017, the percentage of digital buyers in the country did not exceed 30% , which reveals a noticeable growth. Likewise, it is estimated that this upward trend will continue in the coming years, approaching 58% penetration in 2025.

In this regard, it is important to note that, although Mexican e-commerce already showed higher growth than other sectors before the start of the pandemic, this trend intensified with the outbreak. Based on data published in June 2020, ecommerce sales revenue between March and April of that same year they showed a growth rate of 500%.