The process of data monetization, a concept that until recently was present only in conversations between technology experts, is now one of the recurring topics in strategic meetings at the management level in companies.
What is Data Monetization?
The concept of data monetization refers to the process of extracting, cleaning and analyzing the millions of data generated within a company, with the purpose of obtaining a benefit or economic value. This value can range from using the information to create performance indicators of the company's own business and use them to optimize processes and make better strategic decisions, use it as input in the creation of other products or services, market it to third parties, share it with business partners, among others.
Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.
Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.
Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.
The announcement made by the president of the United States comes after the Guatemalan Constitutional Court issued a ruling in which it limits its foreign policy functions to the Executive, by granting a provisional injunction that prevents the negotiation or signing of any agreement.
In the NAFTA review carried out by the Central American and U.S. authorities, it is ruled out that the U.S. government will apply trade sanctions in retaliation for the deepening of the migration problem.
After the Trump administration pressured Mexico with the threat of increased tariffs on Mexican imports, the region has generated expectations for the planned review of the NAFTA with Central America.
Following the departure of US diplomatic staff from Nicaragua at the worst moment of the socio-political crisis, the US government has now announced that it has authorized the return of the embassy staff and their families to Managua.
The crisis in which Nicaragua has been immersed since last April has negatively affected the country in multiple ways, including the irregularity with which the US diplomatic corps works.This was evident when, in mid-May, the US Embassy reported that it would not be processing routine applications for nonimmigrant visas, and that due to unstable security conditions, it would reduce the hours of service provided to the public.See "Nicaragua: US suspends visa issuance"
Beyond the political differences that some insist on highlighting, businessmen from both countries have developed a growing business relationship that has led to the trade balance growing by more than 40% in the last six years.
From an editorial article by the Superior Council of Private Enterprise of Nicaragua:
In recent years, news about the relationship between Nicaragua and Costa Rica has been focused mainly on discord between the two countries, territorial disputes, rulings by the International Court of Justice, the migratory border crisis, and differences between presidents.Much ink and paper has been used to highlight the negative, that which sets us apart.
The decision taken by both governments to restore the diplomatic relations, which were suspended in 2010, has opened the door to promotion of Israeli investment in the country.
The announcement was made through a statement issued jointly by the two governments. The restoration of diplomatic relations could bring positive consequences for the Nicaraguan economy by facilitating the arrival of investment to the country by Israeli companies.
The attendance of the president of the rebellious Chinese island to the inauguration of President Ortega and visits to the countries of northern Central America could have profound geopolitical significance.
EDITORIAL
It is not only the importance of Taiwan for Central Americans in terms of trade and financial assistance to governments in the area.The visit of President Tsai Ing-wen could be related to the turmoil of the global political status quo that will surely arise with the new US government
Mimicking countries in the Bolivarian Alliance by snubbing the president of Brazil in the UN confirms the ideological inconsistency of a government that on the one hand has ministers who support free international trade and others who practice blatant protectionism.
EDITORIAL
This inconsistency was already a concern in Costa Rican business sectors, and now after the outburst by Luis Guillermo Solís in the United Nations General Assembly, bewilderment is being expressed.For a small economy like Costa Rica, is vital that there is coherence in relations with other countries and especially with powers such as Brazil.
An announcement has been made that services and office staff will be expanded in Panama City and from there the Dutch will strengthen their business with other countries in Central America.
After a meeting of the Dutch ambassador and Panamanian officials, it was announced that the office operating in the country will be expanded to extend activities throughout Central and increase financial and trade relations with Panama.
On November 8 credentials will be presented to the South Korean government and efforts will start on promoting Nicaragua as an investment destination.
Elnuevodiario.com.ni reports: "...The foreign minister of Nicaragua, Samuel Santos, confirmed yesterday that Nicaragua will open an embassy in South Korea, and Jorge Arnesto Alm will be the ambassador to China, after presenting his credentials on November 8. "
Seven years after diplomatic ties broke, Costa Rica is Taiwan's main trading partner in the region, with $644 million traded in 2013.
It seems that maintaining healthy diplomatic and political relations between governments is not always necessary for trade between two nations to prosper. One example is the bilateral trade between Taiwan and Costa Rica, which despite the fact that it is the only country in Central America to have broken political links with the Asian island, remains its main trading partner in the region.
Nicaragua will host the annual convention of the Federation of Chinese Associations of Central America, where they will meet with Central American businessmen during August 28th-30th.
At the annual meeting of Taiwan companies with their Central American peers attendance is expected from about 300 representatives from companies throughout the region.
Rulers should be aware that a very large percentage of their people do not satisfy their hunger eating sovereignty but by eating rice and beans.
It seems that the current interest of the elected president of Costa Rica is to maintain the highest possible tension with Nicaragua.
Editorial
Undoubtedly, any gesture of rapprochement with the government of President Ortega will entail political costs for Luis Guillermo Solís, the next president of Costa Rica. But it is clear that this - the beginning of his term - was the best time to make that gesture, promoting a release of tension over the border dispute in the Caribbean area.
The convulsions in Venezuela should not be seen as merely a political issue, but also from the point of view of the economic insecurity it creates in the region.
The effects of the crisis in Venezuela are not only reflected in the economy but spread quickly to the rest of the continent, particularly in countries with the most trade and economic ties.