Living in Peru : your everyday companion

By Jobana Soto

What’s the best method for SME innovation? Training of course and Information Technology is the key! Experts from the United States have observed Peru’s growth in IT, which they believe Peru can use to train SMEs propelling them in the right direction for better growth.

Though Peru’s IT industry is relatively small when compared to other APEC economies, its development is still considered to be growing at a rapid level. That doesn’t mean Peru is ready to jump into the IT market full-force just yet, Robert Krammer, Vice President of Public Policies of CompTIA , says introducing an innovating culture like IT into a developing country is just as hard as introducing it to an already developed country.

According to Michael Mudd, Director of Public Policies for the Asian-Pacific region of CompTIA, the best way to support the growth of technological policies is to have the national government back it up. Despite the Peru's failure to successfully maintain its telecommunications infrastructure during the mid-90s, its current government has been passing new policies to advance its technology.

“Although it is true that capacities, radio frequencies and advanced design will notably evolve, as experts we have provided some recommendations for the improvement and completion of technologies in APEC member economies in the future,” explained Mudd on the possible 5-year term needed to improve SMEs through several technological solutions.

In the end, that’s what it all comes down to, to improve SMEs with the technology available today. Granted the progress will be slow at times but two key factors play a role in sustaining a powerful economy with the development of IT. Stephen Lau, President of the Electronic Data Systems (EDS) from Hong Kong, put in his own two-cents.

“The success of Asian companies, the most notable technology producers in the world, lies on the combination of two types of training: qualitative, in other words, focused in the education generation, innovation and entrepreneurial spirit and the quantitative, based on the concept of processes to create and efficiently run a company.”