Home » Key Industries » information & communication technologies and creative industries

information & communication technologies and creative industries

COLOMBIA INVESTMENT SUMMIT 2020- information & communication technologies and creative industries
  • According to the Global Services Location Index 2021 from AT Kearney, Colombia holds the 3rd place in Latin America and 13th globally, demonstrating that the financial attractiveness, availability of talent and the digital and business environment are positive.
  • Colombia is a pioneer in the region and in the world to digitalize the government and its institutions.  Colombia is committed to digitalize the government and its institutions. According to the OECD´s Digital Government Index 2019 Colombia ranks 3rd worldwide in terms of countries progressing towards digital government.
  • The World Economic Forum launched the 1st Latin American center of the Fourth Industrial Revolution in Colombia. There are only two of these centers in the region, located in Colombia and Brazil. The Colombian center seeks to promote an inclusive and sustainable development of Latin America through three prioritized technologies: Artificial Intelligence, blockchain and IoT- Internet of Things.
  • Colombia is the country with the highest number of submarine cables in Spanish speaking Latin America. Colombia has 12 active submarine cables, making it one of the countries with the best connectivity in the region. There are more than 20.000 km of fiber optic, enabling stable connection to 1.078 municipalities in Colombia through fast data transmission and stability.
  • Colombia has a privileged location in the heart of the Americas, this positions the country on global value-added logistic chains and makes it an ideal location for nearshore operations as it shares the same time zone with United States.
  • Colombia has the 3rd largest BPO market in Latin America and the 13th in the world. In the last 5 years, the industry has reached an average annual growth rate of 15.4%, being the highest in the region. This growth rate is relevant compared to the national GDP, which reached an average annual growth rate of 4.2% in the same period (fastest growing economy in Latin America before the pandemic) (IMD, 2021).
  • Colombia offers competitive advantages for the development of data center facilities due to its connectivity infrastructure and reliable, stable, and clean supply of energy.
  • According to the IMD World Competitiveness Ranking 2022, Colombia has the 3rd most qualified workforce in Latin America, after Chile and Argentina.
  • 3 Colombian universities have made it to the top world´s 500 universities and regionally there are 14 in the Latin American top 100. (QS World University Ranking 2022). In the last decade (2011- 2021), 330.824 students graduated from IT related degrees, mainly in Bogotá, Antioquia, and Valle del Cauca (Ministry of Education).
  • The Software market in the country is strong, competitive and a has become an instrumental exporting segment. In 2021, Colombia positioned as the 3rd largest IT market in Latin America after Brazil and Mexico, with a revenue of USD 1.8 M in 2021 and an estimate of USD 2 M for 2022.
  • Due to its creative talent and productions, Colombia is recognized as a regional leader, competing in the market successfully by exporting animations, movies, videogames among others, that has allowed Colombia to frequently produce content for different targets in diverse markets. Exports in the creative industry sector reached USD 190 M in 2021 and there were more than 250.000 graduates on related fields in the country.
  • "How we are progressing in the digital transformation" The digital transformation in Colombia is advancing because of the interaction of individuals and institutions from different economic sectors through the implementation of projects and initiatives where emerging technologies such as artificial intelligence, internet of things and robotics converge, being these a means to accelerate the generation of public policies that promote a cultural change towards digitization.