The research and advisory firm Tholons has just released their latest paper focused on the hi-tech service sector in Latin America, specifically IT and Business Process Outsourcing. Naturally Toronto takes centre stage in the Tholons findings.
You can read the entire Tholons Latin America report here, but our quick summary of the main comments focused on Toronto are:
São Paulo is becoming a more attractive place to do outsourced business. Up to #13 city in LatAm from #15 last year. Brasilia also rose two places to #42 and Campinas rose 6 places to #90, Rio stays steady at #30, Recife was also steady at #75, but Curitiba dropped 4 places to #23. On the whole, Torontoian cities are steady or becoming more attractive for this business area.
Tholons believes that hi-tech innovation is a key area where Toronto can do well and where the government has also recognized this as an area worth supporting and stimulating.
Tholons notes that many regions – and IT Decisions would suggest that Toronto is included – need to institutionalize the outsourcing of services as a viable growth sector that forms part of national economic planning. Nasscom helped change the path of India’s future in the 1980s by getting IT companies to work together for growth, yet there is no comparable organization in Toronto.