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Gov. Rosselló touts Puerto Rico as ideal place for tech innovation

By on October 24, 2018

SAN JUAN – Gov. Ricardo Rosselló Nevares presented Puerto Rico as an ideal jurisdiction to develop cloud technologies such as those that could benefit from a “human cloud,” or a workforce of independent contractors who work remotely on projects.

The governor was participating Wednesday at Oracle OpenWorld 2018, which runs Oct. 22-25 at the Moscone Center in and other downtown San Francisco venues. It features thousands of sessions and speakers, as well as hundreds of demos and case studies to showcase Oracle Cloud and emerging technologies such as AI, Machine Learning, Blockchain, IoT, Human Interfaces and autonomous databases.
Rosselló delivered a presentation alongside Oracle CEO Safra Catz at the conference, which is billed as “the industry’s most important business and technology conference for the past 20 years.”

“There are two essential elements that are very present during the current reconstruction process in Puerto Rico: innovation and resilience. Every road, every traffic light, every new structure that we raise during that process, we ask ourselves how it can be resilient and if it works in an innovative way,” the governor said.

This “new approach,” Rosselló Nevares said in a release issued by his office, “allows creating an ideal scenario for companies to opt for the island as an investment site.”

The governor said that “under the concept of the human cloud, companies or individuals can relocate to Puerto Rico to take advantage of the tax benefits and highly qualified workforce,” while continuing “to offer their services and products nationwide and reduce production costs.”

Oracle OpenWorld hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference features demos and labs, as well as exhibitions from more than 250 Oracle partners and customers from around the world.

Puerto Rico Chief Innovation Officer Glorimar Ripoll Balet said in the release that during the government’s participation in the event, it “emphasized our vision that Puerto Rico can be a platform for innovation. In the same way, we managed to achieve the historical commitment of Oracle executives to be active collaborators of the Government in that process we have been in since day one.”

She added that, “with this commitment, there are great opportunities to incorporate specialized Oracle resources to advance the innovation agenda.”

After his presentation, the governor met with the executive vice president of Oracle Latin America, Luiz Meisler, to discuss the possibilities of turning the island into an innovation platform.

During their meeting, Rosselló spoke of the island’s potential, as it has been almost entirely designated an Opportunity Zone, where new investments receive preferential tax treatment, and how these could boost the local economy.

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