25 de enero de 2020
Hispanic World

LatAm seeking non-traditional methods for managing data traffic

By Giovanna Ferullo

 The vice president for infrastructure at the CAF-Development Bank for Latin America, Antonio Silveira, participates on Dec. 2, 2019, at a business seminar in Panama City, Panama, to discuss providing infrastructure to enable Latin America to improve its data traffic management, a project that will require $160 billion in investment in the coming years. EFE-EPA/Bienvenido Velasco

The vice president for infrastructure at the CAF-Development Bank for Latin America, Antonio Silveira, participates on Dec. 2, 2019, at a business seminar in Panama City, Panama, to discuss providing infrastructure to enable Latin America to improve its data traffic management, a project that will require $160 billion in investment in the coming years. EFE-EPA/Bienvenido Velasco

By Giovanna Ferullo

Panama City, Dec 2 (efe-epa).- A digital hub in Panama and an undersea cable from Chile to China are projects that are designed to open up non-traditional routes for data flow in Latin America, a region that in the coming decade will require an investment of at least $160 billion to overcome its relative lag in the digitalization sector.

"There's a big need for investment in digital infrastructure in the region. We're about 40 percent behind in relation to the developed countries," the vice president for infrastructure at the CAF-Development Bank of Latin America, Antonio Silveira, told EFE on Monday.

The general aim is to develop the so-called digital ecosystem, which joins infrastructure with all the software networks, regulations and incentives for online entrepreneurship in the countries of the region, the executive said.

As part of the efforts to develop Latin America's online ecosystem, CAF is working on projects for a "digital hub" in Panama.

"Today, we're completing a study for the installation of a digital hub in Panama, which is going to be the first in Latin America and is very important because it's through here that the data traffic will flow and not Miami or Europe, like happens now," he said.

According to the study, which cost some $400,000, according to Silveira, the amount of investment needed to set up this digital hub in Panama "isn't very much."

"Soon, we'll have a series of meetings precisely to tally the amount of investment (needed) for this. We already have interest from the private sector and the public sector. There's a convergence of interests in this," he said.

Silveira emphasized that one of the impacts of the digital hub for Panama will be that "the cost of interconnectedness should fall a great deal. The figure we have is between 20 percent and 30 percent savings in the interconnectedness of data."

"And the important thing is that the data are starting to move through the region and not just outside the region," he added.

CAF also is financing "studies for an interconnection cable between South America and Asia that would run from Chile to China," he said.

The undersea cable "is also going to allow data traffic outside the traditional routes, which are Europe and the United States. This is very important for the (Latin American) region," Silveira said.

Developing this digital ecosystem "is central for development," said Silveira, who has a doctorate in economics from the Federal University in Rio de Janeiro.

"What's happening now with artificial intelligence, with the whole evolution of digital technology, is that if we don't have the possibility of incorporating this into our lives, we're going to slip backwards and it's going to create very pronounced inequality," he said.

Although a large part of the investment of $160 billion will come from private industry, "the state has to provide ... an environment that allows innovation, that incentivizes entrepreneurship and provides ... training to have access to this issue, which is so important for development," he added.

Silveira is in Panama City to participate in the seminar titled "Government and digital infrastructure for regional integration" organized by CAF within the framework of the multilateral organization's 50th anniversary.

Histórico de noticias
Democrats: Trump's conduct is not America first, it's Trump first

Washington, Jan 23 (efe-epa).- The Democratic lawmakers who are acting as "managers" - or prosecutors - in President Donald Trump's impeachment trial in the...

Chavistas march in Caracas, opposition fails to hold legislative session

Caracas, Jan 23 (efe-epa).- Supporters of Chavism on Thursday marched in Caracas to commemorate the 62nd anniversary of the fall of the Marcos Perez Jimenez...

Mexican government hopes to use banana export example to expand China trade

Mexico City, Jan 23 (efe-epa).- The first shipment of 39 tons of Mexican bananas to China departed on Tuesday from the port of Manzanillo, a debut that the...

Trump inauguration organization committee sued for alleged corruption

Washington, Jan 22 (efe-epa).- District of Columbia Attorney General Karl Racine on Wednesday sued the nonprofit committee designated by President Donald...

Democrats make their case against Trump at Senate impeachment trial

Washington, Jan 22 (efe-epa).- The Democratic "managers" of the Senate impeachment trial against President Donald Trump on Wednesday began laying out in...

Pictoline, successful Mexican Web site tells the news with pictures

By Eduard Ribas i Admetlla

Boeing doesn't expect 737 MAX to fly again until mid-2020

New York, Jan 21 (efe-epa).- Boeing announced Tuesday that it does not expect regulatory authorities to approve the return to service of its 737 MAX jets...

Weinstein case moves to opening arguments with witnesses in focus

New York, Jan 21 (efe-epa).- The the 12-person jury and three alternatives now selected, the sexual abuse trial of Hollywood producer Harvey Weinstein will...

First US case of Wuhan virus diagnosed

New York, Jan 21 (efe-epa).- A patient in Washington state has been diagnosed with the Wuhan virus, or coronavirus, in the first confirmed case of this type...

Millions of Mexicans take part in macro-earthquake simulation

Mexico City, Jan 20 (efe-epa).- Millions of people participated on Monday in a nationwide earthquake macro-drill as memories persist of the last big tremor...

Trump's defense team asks Senate to speedily reject impeachment case

By Susana Samhan

Thousands protest gun controls in Richmond, Virginia

Washington, Jan 20 (efe-epa).- Thousands of people, most of them men, demonstrated on Monday outside the Virginia state capitol building in Richmond against...

Young people committing suicide in Nicaragua due to social crisis

By Wilder Perez R.

Animals at Medellin zoo get ice cream to help them deal with the heat

Medellin, Colombia, Jan 19 (efe-epa).- Ice cream, copious amounts of water and refreshing baths are all part of the "Wild Coolness" initiative being...

Migrant caravan delays entry into Mexico, expected to double in size

By Pedro Pablo Cortes

Former UN chief Javier Perez de Cuellar celebrates 100th birthday in Lima

Lima, Jan 19 (efe-epa).- Peru's Javier Perez de Cuellar, the first Ibero-American to serve as secretary-general of the United Nations, is celebrating his...

#SuperCoralPlay social network campaign seeks to save coral reefs

By Alberto Domingo Carreiro

Pinochet victims join Chilean protesters 3 mo. into crisis

Santiago, Jan 16 (efe-epa).- Groups of relatives of the victims of the 1973-1990 Augusto Pinochet dictatorship, along with associations of those injured and...

Koala toys invade NY in fundraising campaign for fire-ravaged Australia

New York, Jan 16 (efe-epa).- Plush koala toys perched on lampposts, traffic signals, trees and scaffolding at different spots around New York City these...

Model Gigi Hadid ruled out as Weinstein juror

New York, Jan 16 (efe-epa).- The selection of the jury that will decide in a New York court whether Hollywood producer Harvey Weinstein is guilty of sexual...

Mural art exhibit to highlight the untold bridge between Mexico and the US

By Jorge Fuentelsaz

Guaido: Paramilitary takeover of parliament reveals Maduro's dictatorship

Caracas, Jan 15 (efe-epa).- Venezuelan opposition leader Juan Guaido called the actions under way on Wednesday outside the National Assembly (AN) building a...

Artificial intelligence posing new challenges for cybersecurity in 2020

By Marc Arcas

House Democrats deliver Trump impeachment articles to Senate

Washington, Jan 15 (EFE).- Articles of impeachment against Donald Trump were transmitted to the US Senate on Wednesday nearly a month after the...