Brazil makes aggressive push towards dominance in the realm of the Internet of Things (IoT)
Brazil has taken a significant step towards digital transformation by signing a decree in June, establishing a national plan for the Internet of Things (IoT). This move positions Brazil as one of the few economic superpowers with a comprehensive IoT strategy in law, while countries like the United States are still without one.
The new plan, a culmination of a multi-year public-private partnership led by the Brazilian Development Bank (BNDES) and the Ministry of Science, Technology, Innovation and Communications (MCTIC), aims to promote the development and adoption of IoT applications throughout the Brazilian economy.
The initiative is an ambitious one, with objectives that include improving the quality of life for Brazilians, increasing efficiency, boosting productivity, fostering competitiveness, promoting the development of professional qualifications related to IoT, and increasing Brazil's participation in international forums.
The plan was developed in collaboration with McKinsey and Brazilian consultancy Fundação CPqD, focusing on four key verticals: cities, health care, agriculture, and manufacturing.
For agriculture, the plan aims to leverage IoT to improve the efficiency of agricultural production, as agribusiness contributes 80 percent of GDP growth in Brazil. The use of IoT devices and applications is defined as value-added services in the new decree, exempting them from the FISTEL fee in Brazil, which lowers the cost barrier to deploying IoT applications.
In cities, the plan highlights opportunities to use IoT to improve urban life, including enhancing mobility, public safety, and sustainability. For health care, the plan envisions the use of IoT to increase access to hospitals through integration of patient information and better efficiency in the healthcare ecosystem.
The first step of implementing Brazil's action plan was taken in April 2018. The plan also aims to foster free competition and free flow of data, ensuring a level playing field for all players in the IoT market.
As the potential benefits of the Internet of Things continue to increase, the longer countries go without national IoT strategies, the more they may suffer for it. Brazil's IoT strategy is a significant step towards digital transformation, positioning the country as a leader in the adoption and development of IoT technologies.
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