The Internet of Things is experiencing exponential growth fueled by decreasing costs in computing (especially sensors, bandwidth and processing), the proliferation of smartphones, ubiquitous connectivity, and the rise of cloud computing, evidence of its expanding use abounds.
IoT not only provides opportunities for organizations to improve operational efficiency, it also offers rich potential for those that make equipment and products to introduce new digital products and services—thus creating entirely new sources of revenue.
IoT is the third most common 4.0 technology leveraged by Costa Rican ICT companies (Procomer, 2019)
IoT will have an economic impact by 2025 (McKinsey's Global Institute, 2015).
In the industry's 4.0 technology in Costa Rica (Procomer, 2019)
Into 2025 (Markets and Markets, 2019)
Costa Rica's rank in Latin America (Deloitte, 2018)
Among life sciences companies in Costa Rica (Vital Statistics Survey, CINDE, 2019)
Of the customers of Costa Rican companies related to 4.0 technologies (Procomer, 2019)
Costa Rica ranks in Latin America (WEF, 2019)
Wunderman Thompson defines itself as a part agency, part consultancy, part technology company. When it comes to technology, its Costa Rican Hub has fully taken advantage of the 4.0 tools, such as giving life to gadgets through IoT, making life easier and clients happier.
The latest technology comes hand in hand with processes improvement for Cargill which implements IoT sensors in Costa Rican farms to capture environmental data for decision making in the production processes.
Qorvo, leading provider of technologies and RF solutions for mobile phones, infrastructure and aerospace industry applications, is accelerating the adoption of IoT products through connectivity solutions built in its modern plant located in Costa Rica.
HPE Costa Rica is focused on the Intelligent Edge, where the development of solutions with data analysis reduces costs and security risks, and maximizes efficency through the implementation of technologies such as IoT.
Intel is all about powering a smart and connected digital world. From the Costa Rican site, the company leads a Product Development Engineering Team for the company’s IoT Group, enabling more intelligent solutions for a fast moving world.
Establishment Labs Holdings Inc. (NASDAQ: ESTA) is a Costa Rican women’s health company founded by Juan José Chacón-Quirós
Who started developing advanced silicone-filled breast and body shaping implants, branded as Motiva Implants®. It started as a small enterprise of only six employees, in a garage in San Jose.
In 2009, Establishment Labs opened its manufacturing facilities in Coyol Free Zone, a business park for medical device manufacturing companies based in Costa Rica. The following year, the first generation of Motiva Implants® was launched in Europe and Latin America.
Establishment Labs created Q Inside Safety Technology™, a 12-mm sized chip placed within the implant to read, trace, and extract detailed patient and product features.
This way, with a special reader the surgeons obtain detailed information about the implant and its garanties.
In addition to Motiva Implants®, Establishment Labs’ product and technologies portfolio includes the Divina® 3D Simulation System.
Created in Costa Rica together with Intel’s Costa Rican operation, Divina® is a Modular Aesthetics Platform that allows 3D simulation, pre and post operational captures.
In 2016, the company inaugurated the Advanced Silicone Technologies Center: Manuel E. Chacón B., which holds its research, development, and innovation (RDI) laboratory and manufacturing facilities.
In 2018, Establishment Labs announced the pricing of its initial public offering of common shares, becoming the first founded MedTech Costa Rican company to trade on Nasdaq Stock Exchange. Nowadays, the company’s products are sold in more than 80 countries in Latin America, Europe and Asia Pacific.
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Moving forward to implement and develop solutions for new technologies such as 5G and IoT, Qorvo Costa Rica innovation happens by putting design as a guiding principle.
Nowadays, adaptability to change has proven to be a core capacity. Intel’s growth and value-added transformation, has been possible and boosted by the resiliency the operation and it’s people have demonstrated, this is why the center is now home to the Product Development Engineering Team for the company’s IoT Group.
Innovation is a core value for the Costa Rican MedTech company Establishment Labs, since it’s conception the company has developed an innovative product portfolio, such as the Q inside safety technology™ that provides an electronic serial number from within the body for patient control and verification of their implant, for safety and well-being.
Intel and Costa Rica have evolved hand in hand in these two decades. The country is a strategic location for our services operations, and moreover, a location for additional valuable activities, such as research, design and development. We are an important part of the value chains, we actively contribute to a work process that complements the operations carried out in other parts of the world.
The combination of talent and technology are extremely important at NI. Costa Rican people have a strong skill-set of both soft and technical capabilities to thrive and succeed, as well a growth mindset to solve challenges. Our teams are always in the looking to learn new technologies and methodologies and passionate about new challenges that improve our customer centric approach.
Costa Rica’s human talent has become a key element for HPE’s strategy. From here, we work in developing new products and services, allowing the company to advance one foot ahead in the sector.