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Innovation

Innovation

The magazine Compromiso Empresarial has chosen the BBVA Microfinance Foundation‘s gaming tool for team management as one of the 10 most innovative social initiatives in 2016. This is the fifth edition of this ranking, compiled with the collaboration of CAF- Development Bank of Latin America, which received 350 project submissions from Latin America and Spain.

picture of mobile digital fintech technology young inclusion resource bbva

The rules of the game are changing more and more quickly. Some authors refer to this period of change as the Fourth Industrial Revolution (Klaus Schwab, Debate 2016) with “growing harmonization and integration of many different disciplines and discoveries” that affect both the physical world (autonomous vehicles, 3D printing, robotics, etc.) and the digital world (Internet of Things, blockchain, etc.).

There are around 170,000 small and medium sized enterprises (SMEs) in Uruguay. They create more than 60% of jobs and are responsible for more than 40% of the industrial, trade and services sectors’ production. The importance of this sector for the country’s economy has led BBVA Uruguay to join the regional project ‘Camino al éxito’ (‘The Road to Success’), a program integrated in the BBVA Group’s Responsible Business Plan. The main goal is to increase the number of SME customers.

Microscopic like a bacterium or soft like a jellyfish, the robots of the future will no longer be stiff emotionless metal monsters. This new generation of machines, biodegradable and capable of interacting with the human body, will help us conquer planets, repair the environment, or cure illnesses.

technology fintech iot resource recurso

Under the media’s radar and away from the latest trends, the industry keeps making headway in its road to digitization. Much is being said about the importance of connecting all machines, the Internet of Things, but transformations will be far reaching and of all kinds.