Figures for OGX are due to be much better than in 2012 after an announcement stating that the number of barrels previously expected would triple. This is good news for OGX as the company had to file for bankruptcy last month and the future was grim for the company. This increase in the production of oil will help boost the company and refile their already low amount of resources. However, it is still to early to tell whether this will truly be an opportunity that will save the company from more failure.
Economy of Brazil
Former U.S President Bill Clinton payed a visit to Brazil’s summit meeting in Rio, where Brazilian President Dilma Rousseff was giving a speech. Rousseff stated that Brazil is the “land of opportunity” as she went on to describe the direct investments coming into the country. Up until 2012 Brazil has had an increase in its economy, however, more recently the economic boom has slowed down or even stopped. That is why critiques are bringing up recent events and issues in Brazil, which are in contrast to Rousseff’s statements. Brazil has made great strides in its economy, but it still has a ways to go.
The US company Good Technology is starting up business in the Brazilian market. Good Technology is finding increasing opportunities in Brazil due to the growth in the use of personal devices. Due to Brazil’s vast market and emerging economy, the use of personal devices has grown along with the use of social media sites such as Facebook. This provides a good market for information security providers such as Good Technology. There are already ongoing talks between Good Technology and several Brazilian companies over contracts. Though no agreements have been made yet, the future seems to be bright for Good Technology in Brazil.
A rare consensus exists among Brazilian economists — the country not only needs to increase investments, it needs to do it at a pace faster than overall economic growth and for at least several years in a row.
“From 2004 to 2011, economic growth was generated by fostering consumption”, says Raul Velloso, managing partner of Brasília’s ARD consulting group. “But that model for development has reached a point of exhaustion”.
Rising salaries, massive welfare and benefit payments, and steadily increasing government spending have led to a huge increase in demand for goods and services. Yet investments haven’t kept up, and industry can’t keep pace, bringing hefty imports, a yawning current account deficit and inflation.
Deterioration is everywhere.
Growth has taken a hit too. Once the emerging-market darling of global investors, Brazil is now in its third year running of sub-par growth. A hoped-for 2013 rebound is likely to fizzle amid a consensus growth forecast of 2.5%. A bit less is expected for 2014.
The complete article is here.
Brazil’s largest rental company Mills Estructuras e Serviços de Engenharia S.A. posted record revenues and EBITDA in the third quarter, the company said, with net revenue of R$222 million (about U.S. $96 million), a 28-percent jump from the third quarter of 2012. Mills posted record revenues in its Heavy Construction, Jahu and Rental business units. Equipment rental revenue was R$170.5 million (about U.S. $73.6 million), a 19.1-percent hike compared to the same period in 2012.
The net revenue for rental totaled R$93.9 million in the third quarter, a new record for a quarter, with growth of 39.4 percent year over year and 4.2 percent quarter over quarter. Mills opened a new branch in Bauru, in the state of São Paulo in the third quarter, its seventh new rental branch in 2013. Mills hopes to open five more branches before the end of the year, giving it 29.
EBITDA for the third quarter was R$106.1 million, a 17.5-percent leap compared with the previous year’s third quarter. Capex totaled R$129.7 million, totaling investments of R$408.2 million (about U.S. $176.3 million) for the first nine months of 2013.
Mills reported that the activity level in the heavy construction sector returned to normal in September, with a positive perspective, as indicated by the expected level of activity for the next six months according to research conducted by the National Confederation of Industry, which reached 55.2 points in October 2013. Cement sales reached 19 million tons in the third quarter, according to the National Union of Cement Industries, with a year-over-year growth rate of 6.1 percent.
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Most Brazilian organizations already have some sort of ability in data analytics – but existing solutions may not be sufficient. In that scenario, how can businesses integrate a new set of technologies to what already exists, without wasting time and money? How to avoid the trap of investing in technologies that will be obsolete in a matter of months?
To answer these questions, the ZDNET talked to the director of business analytics at IBM Latin America, Sergio Loza, about how organizations can tackle these areas of concern. Building on its many years of experience in IT, Loza has more recently been helping Brazilian organizations in sectors such as telecommunications, insurance, healthcare, government, specifically around the creation of Big Data strategies.
According to Loza, the first thing to focus on is the areas where benefits can be obtained more rapidly, such as customer relationships, contact and service, as well as operations and finance.
“This is an area where more than half of our customers have invested in. The core operational essence of the organization is also paramount – looking, understanding and measuring processes with the data and making decisions to drive improvements. The area of risk and finance is also crucial: if it’s an insurance or financial services business for example, analytics can greatly improve profitability or the planning and financial performance management financial and can use Analytics to improve such management and therefore, increase business profitability”, says Loza.
According to the consultant, chances of success are bigger if the project was built around the areas where the business has had positive experiences.
“If the organization chooses a vendor platform that covers everything from the warehouse to the analysis, it will achieve progress in a sustainable manner. That’s the recommendation I would give first: start with the best-known areas, with a vendor that has a proven platform with continuity”, says Loza.
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