See What’s Behind the Latin American Tech Boom

Posted by Maggie Gallagher on Fri, May 24, 2019 @ 04:21 PM

As little as 20 years ago, there was hardly any discussion of technological advancements coming out of Latin America. Rather, people were laser focused on Silicon Valley and the waves of talent and innovation flocking to San Francisco, California, United States. However, with the help of government initiatives, large private investments, and significant economic growth in the early 2010s, as well as the sheer will and drive of local citizens, many Latin American countries entered into the technological arena. They were soon producing products and talent on a scale comparable to anything seen in the First World. The countries most often associated with this boom are Brazil, Chile, Argentina, Colombia, and Mexico.

Fully understanding this phenomenon is not possible by simply identifying individual contributing factors. The movement is a response to many complicated and interconnected social, political, economic, and geographic influences. Here are just a few of those constituent reasons Latin America has enjoyed this development.


The Transformative Influence of the Internet

In this instance, the transformative effect of the internet cannot be understated. While many industries rely on physical infrastructure or advanced equipment, IT companies can thrive with little more than internet connectivity, a laptop, a proclivity for the material, and hard work. Coming from a place with limited physical infrastructure or resources does not preclude you from succeeding in the digital sphere, and the opportunities that affords people throughout Latin America have been statistically significant.

One 2015 report by the World Trade Organization identified Argentina as the world’s eighth-largest exporter of computer services. This can be seen in companies like Belatrix Software, which was founded in Mendoza, Argentina, and currently innovates and thrives in the digital arena.

Belatrix Software helps companies turn ideas into great software products,” says Alex Robbio, the company’s president and cofounder. “We currently have over 700 employees, as well as offices in the United States, Argentina, Peru, Colombia, and Spain. We’re growing rapidly, but our vision remains the same: to be the best Latin American software product development and innovation firm.”

The work being done in these Argentina-based computer companies isn’t isolated to Latin America, either. Many of the companies are earning international acclaim and recognition. Belatrix Software, for example, was recently recognized with a Silver Stevie® Award for Company of the Year in the category of Computer Services in The 2019 American Business Awards®. Robbio also earned an individual Bronze Stevie Award for Executive of the Year in Computer Services.

The 2020 edition of The American Business Awards will open in October. If you are interested in winning a Stevie Awards in 2019 request the entry kit for The International Business Awards.

Request your entry kit here

English as the Unofficial Language of Business

Despite not being the world’s most widely spoken language, English is, for all intents and purposes, the de facto language of international business. While China used to top the charts for English proficiency, Latin American countries have started to surpass the Asian power in this metric. According to the 2018 EF English Proficiency Index, Argentina was the highest-rated South American country on the list (coming in at #27), while China fell to the 47th spot.

Many speculate that its increasing proficiency in English has helped launch Argentina to the forefront of international business, including those projects within the technological realm.

Time Differences Make a Difference

Especially when technology and innovation are involved, it’s more conducive when people work collaboratively. Although it might seem like a throwaway factor, the time difference between the United States and any given Latin American country is significant. For example, the time difference between San Francisco, California, United States—a major U.S.-based technological hub—and Beijing, China, is 15 hours. That makes coordinating workdays and efforts extremely difficult. The time difference between California and Buenos Aires, Argentina, however, is only four hours—a much more surmountable obstacle.

Government Initiatives Provide Financial and Logistical Help

Arguably one of the most significant factors that pushed technology throughout Latin America is the support and efforts of the nations’ governments. Argentina, for example, offers all adults free higher education. Plus, its government invested significantly in Program.AR, an initiative to help teachers integrate computer programming into the national public-school curriculum.

Similarly, in Colombia, 80 percent of the costs associated with studying in the information technology field are covered. In Mexico, thanks in part to governmental initiatives, the country produced the eighth-highest number of engineer graduates in 2015.

With the financial backing and logistical support of national-level governments, results in this sector have been quick and effective.

The Future of Tech

While no one can say definitively what the future of technology holds, Latin America seems poised to continue ascending in the industry. If more national-level and regional policies throw money and support behind engineering and computer science education, it’s conceivable the next seat of tech insight will be a lot farther south than Silicon Valley.

Topics: American business awards, company awards, tech awards, tech award

3 Weeks Left to Submit Your American Business Award Entries

Posted by Liz Dean on Fri, Mar 09, 2012 @ 10:56 AM

The entry deadline for The 10th Annual American Business Awards, the premier business awards program in the U.S.A., is quickly approaching – it’s Wednesday, March 28, 2012. You can start submitting your entries today here.

How the submission process works:

  1. Request your entry kit. 
    Once emailed to you, the kit will be your guide on everything you'll need to know about how to prepare and submit your entries.
  2. Review the 2012 ABA categories.
    Pick who you would like to recognize and why they should be recognized. We have categories highlighting organizations, teams, departments, and individuals, as well as:
  1. Submit your entries.
    Select your categories, write your submissions according to the instructions, and submit your entries.

Benefits of submitting a business award entry:

  1. More chances to win
    All Finalists in the Best New Product or Service categories will automatically be included in the People's Choice Stevie Awards for Favorite New Products, a public vote that will commence in July. The People's Choice Winners will be honored at the new tech awards ceremony in San Francisco on September 17. Finalists in the Best New Product or Service categories will have an opportunity to win two awards: a Stevie® Award, as voted by your peers, and a crystal People's Choice Stevie Award, as voted by your customers.
  2. New award distinctions
    The American Business Awards banquets will showcase our three levels of award distinction: Gold, Silver and Bronze Stevie Awards. You can learn more about the new awards here.
  3. Multiple awards banquets
    The 10th Annual corporate awards will have two awards ceremonies. We will hold our traditional banquet at the Marriott Marquis in New York City on June 18th and have a second ceremony in San Francisco at the Julia Morgan Ballroom on September 17th where we will announce our tech award winners.

Helpful resources to make your submission process easier:

  1. Step-by-step video on how to submit entries
    Watch our helpful video tutorial on how to successfully enter submissions.
  2. Review past winners' entries here.
    They're great models for how you should write your entries.
  3. 7 tips on submitting winning entries
    Read our tips on how to submit winning entries.

If you have any questions regarding your ABA submissions, call us at + 1 703-547-8389 or email us at and we'll get back to you right away.

Not going to make the March 28th deadline?
Don't worry, you can still submit entries through April 25 with a $35.00 late fee.   Click here to see the ABA's calendar.  

Topics: customer service awards, hr awards, business awards, corporate awards, app awards, marketing awards, PR awards, American business awards, business award, corporate award, it awards, company awards, new product awards, tech awards, web site awards, management awards, tech award