Cisco (News - Alert) today revealed plans to invest more than $1 billion in its development in Brazil. Over the course of the next four years, it intends to launch a center of innovation in Rio de Janeiro, expand local manufacturing in the country and sign partnership agreements with like-minded Brazilian companies, as well as invest in a Brazil-based digital economy fund.
Through these investments, Cisco will implement a healthcare platform, enhance the nation’s education technology as well as public safety, pave the way for Brazil’s World Cup and Olympics Games and also boost urban development.
Brazil has a shortage of medical specialists in a number of regions – with the aid of Cisco that will soon change. Taking advantage of its soon-to-be network in the country, Cisco HealthPresence solutions will provide educational training via high-definition video and audio streams focused on clinical information.
Education is another area in which the nation suffers, due to a lack of relevant and up to date technology. With its Center of Innovation, the company aims to improve decision-making and ultimately provide a more innovative approach to education strategies while, at the same time, cutting costs through more efficient administrative solutions.
Urban development ties in with preparation for the approaching Olympic Games, in the sense that promotion for the games widely relies on publication through Internet based strategies. Cisco Connected Sports intends to provide a means of connectivity for the entire sports industry – from venues, to teams to fans.
Aside from the overall improvement of Brazil’s networking solutions, Cisco projects that these investments will generate nearly 800 new jobs. The whole idea of this industrial overhaul shows promise of significant economical development for the country.
Cisco’s big plans for Brazil are not unlike Peter Thiel’s vision of a more technologically advanced New Zealand. Technology is an essential aspect of today’s methods of education and everyday life in general – less fortunate nations have been getting much needed boosts in their technological infrastructure left and right through similarly generous firms. The world is moving forward in its technical development, one nation at a time.
Edited by Jennifer Russell