Brazil is at the forefront of the next data and AI tech boom, thanks to legislative changes and investments from across the world.
A major change has occurred in the global tech scene, with Brazil emerging as the epicenter of the next digital megacycle. Legal changes, technological advancements, and an influx of foreign investment have propelled Brazil’s digital economy to new heights since 2012.
This rapidly growing advancement has the potential to fundamentally alter the technological landscape of the world, emphasizing data as the essential fuel for artificial intelligence.
Over the last decade, Brazil’s digital environment has matured, with major advancements paving the way for a megacycle of transformation.
Legislative changes that have never been seen before have been brought about in this new era of technological advancement. Brazil is becoming a major participant in the data-driven economy because of its progressive data privacy laws.
A major transition from software-centric methods to data-driven paradigms has occurred as the digital environment continues to grow. Nations are rushing to establish themselves in this new age, as data has become the “oil” that powers AI.
In response to this shift, Brazil passed data privacy laws that are similar to GDPR, the EU’s privacy law. To further enable its inhabitants to use their data, the nation has also made enormous investments in data infrastructure and regulation.
Big Tech, the banking industry, and government agencies have all come together to create an environment where the data economy may flourish. Although AI is definitely playing a significant role in this megacycle, it’s important to note that AI can only be successful if data is high quality and easily accessible.
A large portion of the income for IT companies like Amazon, Google, and Microsoft comes from fees for using their cloud platforms, while these companies have invested billions in artificial intelligence.
Industries dependent on personal data, like Big Tech, face a major threat. This change is expected to take place by the late 2020s, marking the end of the age of unlimited use of personal data.
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