Mexico’s Innovation Potential

Topic Discussed : Steps Toward Building a Culture of Innovation in Latin America's Second Largest Economy

Speakers: Speakers: Jillian Walker, Frost & Sullivan with Juan Cepeda, Strategy and Planning Director, Cisco Mexico

Key Takeaways:

Mexico boasts several assets that position it as a strong contender to become Latin America’s innovation hub over the next ten years. It also faces several challenges. Significant points include: 

1. In the last six years, growth of new start-ups led by 18- to 64-year old has been highest in Mexico among all other Latin American countries. This growth was more than double that of innovation-driven economies, including the United Kingdom, Sweden, and Switzerland 
2. In addition, by 2025, there will be 3.5 connected devices per person in Mexico, creating a hyper-connected scenario ripe for spurring innovation in digital products, services, sales models, and business models 
3. Further, the Mexican fin-tech market is expected to double from 2017 to 2022, reaching a value of $68.2 billion, making Mexico the fin-tech capital of Latin America
4. This podcast discusses how, for Mexico, demographic advantages and growing connectivity will converge, driving Mexico’s innovation potential. The podcast also features an interview with Juan Cepeda, Strategy and Planning Director at Cisco Mexico, to discuss how Cisco is forwarding innovation in Mexico as well as its Country Digital Acceleration Strategy

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Related Keywords: Frost & Sullivan, Future of Mexico, Country Digital Acceleration Strategy, demographic dividend, connected devices, fintech, digital ecosystem, AI revolution, big data, cybersecurity, advanced manufacturing, smart agriculture, internet of things

Website: www.frost.com

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