Geoforce is Doing Its Part to Grow IoT in Brazil

We at Geoforce do Brasil have been excited to hear about many recent reports indicating the “Internet of Things” (IoT) will begin to gain strength in Brazil in 2017.

IoT discussions abound in Brazil, where official departments have different views about how to proceed and stimulate this environment. A recent ZDNet article perfectly captures the overall mood.

Notably:

  • A preliminary version of the National Plan of Internet of Things will be revealed by MCTI, the Brazilian Ministry of Science Technology, Innovations and Communications, at the world’s main mobile technologies event, the Mobile World Congress, which is next week (February 27th to March 2nd) in Barcelona, Spain. The final version will be ready in the first half of 2017, and we eagerly await hearing about what’s in store.
  • Starting in the second half of 2017, the Internet of Things (IoT) will gain momentum in Brazil with the definition of public policy pushed by the National Development Bank (BNDES). In December, BNDES signed an agreement with the MCTI to begin elaboration of a 5 year National Plan for the Internet of Things. A technical study was requested to support public policy proposals for IoT in Brazil and, after delivery of the report, the BNDES will be responsible for proposing financing lines and models of development for the sector.
  • IDC Brazil estimates the IoT ecosystem in Brazil will grow to $13 billion by 2020. During IDC’s research, it found the country is still minimally involved with innovative technologies such as IoT, block chain, analytics, cognitive / AI and virtual reality / augmented reality. According to the data, only 10% of Brazilian companies invest in these technologies.

Since our founding in 2007, Geoforce has been a pioneering leader in introducing field equipment to the Internet of Things revolution. We’ve connected our customers’ dispersed field equipment to the internet and made their operations less chaotic, one asset at a time.

Since our establishment of Geoforce do Brasil in 2014, we have helped many of Brazil’s largest oilfield companies connect a wide variety of assets – including chemical totes, radioactive sources, and offshore containers – to the Web.

Geoforce believes the future of the Internet of Things in Brazil will be very bright, with more equipment coming on line every day, and more and more being connected to the internet to help optimize logistics.  Ultimately, technology like the IoT and Geoforce’s global traceability and track and trace solutions will make the Brazilian economy stronger. And that’s something all Brazilians should be excited about!

Bruno Trigoly serves as the Business Manager for Geoforce do Brasil, Geoforce’s Brazilian subsidiary based in Macae, RJ, Brazil.