A company specialised in the creation of new technologiesCodeBitgrew by 35% this year, surpassing the initial expectation of 24% and the national average. According to IDC consultancy, the Brazilian technology market is expected to close 2024 with a 12% growth. The company's good performance occurs through the launch of a new product for Generative Artificial Intelligence and the internationalization of operations, started in 2023. The perspective is to continue the business expansion with investments of around R$ 1,2 milhões, and the creation of new jobs
Based in the interior of São Paulo, the CodeBit office has more than 70 employees. The idea is to increase the number to 100 by next year. Our growth is heavily dependent on the growth and structuring of teams and people, highlights CEO Heitor Cunha. It is extremely risky to predict aggressive growth, because it involves governance, talent retention, organisational control, crop management, among other aspects, punctuate
Therefore, he explains that the company invests in continuous training for the team. Total of R$1,2 milhões investidos, R$ 730 thousand were allocated to employee training, the equivalent of 5 thousand hours of training
In Cunha's assessment, la expansión sin planificación puede causar efectos no deseados. A very aggressive growth could lead to a decline in the quality of deliveries, and this is something we do not give up. Always grow, but with solidity and awareness it is more important for us than growing in absolute numbers.”
Pay close attention to market demands
The result above expectations by the company itself and the estimate for the national market reflects the meeting of the growing demand for innovative solutions. The studyO estado da IA no início de 2024: Adoção de IA generativa dispara e começa a gerar valor, conducted by McKinsey reveals that 72% of companies have shown interest in using Artificial Intelligence (AI) this year, a rise compared to the 55% recorded in 2023
This year, CodeBit developed theCodeRAG, a solution that aims to facilitate the implementation of generative AI. From him, Is it possible to generate knowledge and critical analysis from a specific database that can be composed of texts, зображення, audios o vídeos. Through the knowledge acquired, the solution allows for analyses, answer questions and review documents. This product, despite again, has been demonstrating great potential and supporting the diversification of our portfolio, highlights Cunha
Other solutions have also met the growing demand for innovation. We had a significant growth in theCélula de código, a product responsible for the assembly of hybrid cells for development and cloud infrastructure management, com times a trabalhar em conjunto, both of the clients, quanto os nossos. This reduces governance risk, because the client does not become dependent on people, permits seasonal monitoring of projects and provides great flexibility in costs and accounting, inform
Segundo Cunha, A Revisão do CloudOps – responsible for reviewing cloud architectures in security pillars, performance, disponibility and cost control – fecharia os principais produtos responsáveis pelo crescimento da CodeBit.
The perspective is that new products will be developed alongside the consolidation of existing ones. Technology never stops. Launching products is important, just as to mature them and make them increasingly aligned with the needs. The most important thing is never to stop, sempre testar novidades, estrategies and quickly changing course when necessary. We will continue following this strategy.”
New markets
The internationalisation of CodeBit's operations began in 2023, with the expansion to the United States, market that has proven to be quite profitable, as shown by different surveys.
Data from LSEG Datastream reveal that the profitability of the technology sector in the country doubled in 2023 compared to the previous year. Already in 2024, he has been the main driver of the positive stock market indices performance, como mostram os resultados do S&P 500 da bolsa de valores
Conquering this market means opening many doors. The AWS marketplace gives us the opportunity to serve globally. Customers can hire us as they hire the cloud, that eliminates various bureaucratic barriers, Explain Cunha
The plans from now on include consolidating internationalisation. Among the expansion strategies for sales and marketing is the possibility of setting up a commercial office to strengthen relationships with potential clients.”
The possibility of entering new markets is also a matter for the future. We do not have a specific focus on other countries, even though this possibility is not ruled out.”
