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IKH

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DATOS,
CIENCIA Y
SOCIEDAD
EN EL
SIGLO XXI


IKH wL
 Sociedad

CLAUDIOGUTIÉRREZ
1SPGFTPS5JUVMBS %FQBSUBNFOUPEF$JFODJBTEFMB$PNQVUBDJØO
6OJWFSTJEBEEF$IJMF*OWFTUJHBEPS4FOJPSEFM/ÞDMFP.JMFOJP
$FOUSPEF*OWFTUJHBDJØOEFMB8FC4FNÈOUJDB $*84
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$PNQVUFS4DJFODF 8FTMFZBO6OJWFSTJUZ.BHÓTUFSFO-ØHJDB
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UVSBFO.BUFNÈUJDBT 6OJWFSTJEBEEF$IJMF-ÓOFBTEFJOWFT
UJHBDJØO'VOEBNFOUPTEFMB$PNQVUBDJØO -ØHJDBBQMJDBEB
BMB$PNQVUBDJØO #BTFTEF%BUPT 4FNÈOUJDBEFMB8FC
.ÈRVJOBT4PDJBMFT
DHVUJFSS!EDDVDIJMFDM

ŋ.QUHWPFCOGPVQUFGNCGZRGTKGPEKCJCPUKFQJCUVCCJQTCKPGZKUVGPVGUQOW[F¾DKNGUPK
UGJCDWUECFQPKJGEJQVQFCXÃCWPCTGEQNGEEKÉPQRTQXKUKÉPFGRCTVKEWNCTGUECRC\QFG
CNIWPCOCPGTCCFGEWCFC[CUGCGPPÐOGTQVKRQQEGTVG\CFGKPHQTOCTCNKPVGNGEVQ=?
.CJKUVQTKCPCVWTCNPQEQPVKGPGPCFCSWGUGJC[CKPXGUVKICFQFGOCPGTCCFGEWCFCPCFC
XGTKHKECFQPCFCEQPVCFQPCFCRGUCFQPCFCOGFKFQŌ
($CEQP#HQTKUOQ:%8+++ 

-BOPDJØOEFiEBUPw iEBUPTw
QSPWJFOFEFMMBUÓO NFOUFVOEJPTDBTUJHBEPS PQPSQPEFSFTOBUVSBMFT
EBUVNRVFTJHOJGJDBBMHPEBEP-PTQSJNFSPTVTPT GVFSBEFOVFTUSPDPOUSPM4FHVOEP DPOWJFSUFMPT
EFMUÏSNJOPFOVODPOUFYUPDJFOUÓGJDPEBUBOEF BDUVBMFTOJWFMFTEFEBUPTFOVOBDBUÈTUSPGF EÈO
MBNJUBEEFMTJHMP97** ZBMVEFO DPNPFOMBDJUB EPMFTVOBDPOOPUBDJØOEFJOTFHVSJEBE&OSFTV
EF#BDPOBSSJCB BBMHPRVFDBSBDUFSJ[BSÓBMBJOWFT NFO QSFTFOUBMPTEBUPTDPNPBMHPOFHBUJWPBOUF
UJHBDJØODJFOUÓGJDB&OTVVTPNPEFSOP FMDPODFQ MPDVBMOPTPUSPTTPMBNFOUFQVEJÏSBNPTSFBDDJP
UPSFGJFSFBDPMFDDJPOFTEFNFEJDJPOFTFJOGPSNB OBS PBMPNÈTEFGFOEFSOPT
DJØOGBDUVBMRVFGPSNBMBCBTFEFMBJOWFTUJHBDJØO
FMSB[POBNJFOUP MBFWJEFODJBRVFTPQPSUBBÏTUF -BOPDJØOEFCJHEBUB DPNPNVDIPTDPODFQUPT
FUD$POFMBEWFOJNJFOUPEFMPTDPNQVUBEPSFT EFMJOHMÏT TJOCVFOBUSBEVDDJØO
FTNFOPTFO
IBDJBNFEJBEPTEFMTJHMP99TFJODPSQPSØVOOVF HB×PTB&WJUBMBDPOOPUBDJØOOFHBUJWBFYQMÓDJUBZ
WPTFOUJEPBMUSBEJDJPOBM&OUPODFTUBNCJÏOTF SFTBMUBVOBEFMBTQSJODJQBMFTDBSBDUFSÓTUJDBTEFM
DPNFO[ØBFOUFOEFSQPSEBUPTBMBTFOUJEBEFT GFOØNFOPTVUBNB×P&OFMÈSFBEFMBDPNQVUB
BCTUSBDUBTCÈTJDBTTPCSFMBTRVFFTBTOVFWBTNÈ DJØOTFBDV×ØFMUÏSNJOPUFNQSBOBNFOUF BQSJO
RVJOBTUSBCBKBCBO4JOFNCBSHPBNCPTTFOUJEPT DJQJPTEFMBEÏDBEBEF QFSPFMCPNCPQV
FMDJFOUÓGJDPZFMDPNQVUBDJPOBM QFSNBOFDJFSPO CMJDJUBSJPFOMPTOFHPDJPTRVFMBQPQVMBSJ[ØFTNÈT
DPOGJOBEPTIBTUBIBDFQPDPFODPNVOJEBEFT SFDJFOUF&OMBTDJFODJBTZMBJOWFTUJHBDJØOFMUÏS
UÏDOJDBT NJOPDPNFO[ØBTFSBNQMJBNFOUFBEPQUBEPSF
DJÏOFOFMTJHMP99*.JQSFPDVQBDJØODPOFTUB
-BQPQVMBSJ[BDJØOEFMUÏSNJOPiEBUPTwFOMBTQPS OPDJØOFTRVFFMMBBÞOSFQSFTFOUBFMGFOØNFOP
UBEBTEFSFWJTUBTZFODVBMRVJFSJOGPSNFRVFRVJ DPNPBMHPFYUFSOPFJOBMDBO[BCMFQBSBOPTPUSPT
TJFSBTFSDPOTJEFSBEPDJFOUÓGJDPFTSFMBUJWBNFOUF %FIFDIP NVDIBHFOUFIBCMB ZQJFOTB
TPCSF
SFDJFOUF%PTNFUÈGPSBTUJFOFONVDIBSFTQPOTB CJHEBUBDPNPVOFOUF iFMw CJHEBUB
PTDVSPZ
CJMJEBEQPSFTUFNJMBHSPQSJNFSP MBOPDJØOEF GBOUBTNBM VOTVKFUPMFKPTEFMDPOUSPMEFMBIVNB
iEJMVWJPEFEBUPTwZMVFHPMBEFiCJHEBUBw OJEBE DPOFMRVFIBCSÓBRVFBMJBSTFQBSBTBDBSMF
QSPWFDIP)BTUBFTQPTJCMFMFFSiFMwCJHEBUBDPNP
"VORVFMBJNBHFOEFMEJMVWJPEFEBUPTFTQPEFSPTB VOBOFCVMPTBDSFDJFOEPFOUPSOPOVFTUSPFTQF
MBTPDJFEBEZMPTIVNBOPTJOVOEBEPTDPOEBUPT
SBOEPTFSEPNBEB QFSPEJTQVFTUBBBQMBTUBSOPT
MBOPDJØOFTGVFSUFNFOUFFOHB×PTB1SJNFSP TJOPMBUPNBNPTFOTFSJP
TVHJFSFBMHPQSPEVDJEPQPSVOPUSP USBEJDJPOBM


IKH wL
 Sociedad

QSPEVDJSNÈTNBUFSJBMTJNCØMJDPRVFFMRVFMBTSFMB FSBMBDBOUJEBE ZQPSFMMPTVQSPQVFTUBEFTPMVDJØO

TORRENTES DJPOFTTPDJBMFTFYJTUFOUFTQVFEFOEJHFSJS%FGPSNBT
EFEFTBSSPMMPEFMBDVMUVSB FTBTSFMBDJPOFTTFUSBOT
FSBBDPSEFMJNJUBSMBQSPEVDDJØOEFMJCSPT
1PS
PUSBQBSUF FMQSPCMFNBDPOMPTEBUPTFTRVFNV
DE DATOS GPSNBOFODBEFOBTRVFMBTDPOTUSJ×FO$PNJFO[B
FOUPODFTVOBFSBEFUVSCVMFODJBEFMBJOGPSNBDJØO
DIBTWFDFTMBVOJEBENJTNB MBGVFOUFEFEBUPT
FMEBUBTFU
OPFTJOUFMJHJCMFQPSVOIVNBOP1FSP
&MQSPCMFNBRVFFOGSFOUBNPTIPZEÓBFTRVFMB BEFNÈT IBZVOBDBOUJEBEDBTJJOGJOJUBEFEBUBTFUT
3FUFOHBNPTMPFTFODJBMIBZVOBFOPSNF DBQUVSB MBQSPEVDDJØOZMBPGFSUBEFEBUPTTPCSF &MQSPCMFNBFTBIPSBEPCMFMBDBOUJEBEZMBDVB
DBOUJEBEEFEBUPTMVDIBOEPQPS EJSFDUBP QBTBDPODSFDFTMBTDBQBDJEBEFTIVNBOBTZTPDJB MJEBE
JOEJSFDUBNFOUF DBQUVSBSOVFTUSBBUFODJØO6OB MFTQBSBNBOJQVMBSMPT QSPDFTBSMPTZFOUFOEFSMPT
QSFHVOUBOBUVSBMFTQPSRVÏFTUFEFTQMJFHVFIPZ 6OBNFUÈGPSBEFMBGÓTJDBQVFEFBZVEBSFOFTUF
)JTUØSJDBNFOUF IBIBCJEPUTVOBNJTJOVOEBOEP %FTBSSPMMFNPTBMHPNÈTFTUBJEFB-PTEBUPTRVF QVOUP-BNFDÈOJDBUSBEJDJPOBMFTVOBEJTDJQMJOB
MBTDBQBDJEBEFTTJNCØMJDBTZTFNÈOUJDBTEFMTFS OPTBHPCJBOOPTPOMPTNJMMPOFTEFVOJEBEFTEF BFTDBMBIVNBOB FOFMTFOUJEPRVFQFSNJUFMB
IVNBOP4JOEVEBMBBEPQDJØOEFMBFTDSJUVSBZ EBUPTFOUFOEJCMFT MPRVFBUFSSBCBB0SUFHB
TJOP JOUFSBDDJØOEJSFDUBEFMBHFOUFDPOFMMB6OBCJDJ
EFNFEJPTQBSBQSFTFSWBSMBEFCFOIBCFS RVFMBDPNQSFOTJCJMJEBEEFMBVOJEBENJTNB&O DMFUBFTVOBSUFGBDUPRVFQPEFNPTFOUFOEFS
USBOTGPSNBEPSBEJDBMNFOUFMBTGPSNBT PUSBTQBMBCSBT OPIBZMJCSPTJMFHJCMFT$BEBVOP SFQBSBS USBOTGPSNBSDBTJFOUFSBNFOUFQPSOPTP
USBEJDJPOBMFTEFJOUFSBDUVBSDPOMBJOGPSNBDJØO EFFMMPTGVFQFOTBEPZFTDSJUPQBSBTFSMFÓEPQPS USPTNJTNPT1PSFMDPOUSBSJP MBRVÓNJDBQSJNFSP
.ÈTUBSEF MBJNQSFOUBEFCFIBCFSQSPEVDJEP VOIVNBOP BÞOBMHVOPTNBNPUSFUPTDPNP&O ZMVFHPMBGÓTJDBBUØNJDB DSV[BSPOMBCBSSFSBEF
TJNJMBSFTSFNF[POFTFOUSFMBQPCMBDJØODVMUB: CVTDBEFMUJFNQPQFSEJEP
&MQSPCMFNBRVF0SUFHB MPTPCKFUPTRVFMPTIVNBOPTQPEFNPTUPDBS ZTF
NÈTSFDJFOUFNFOUF MPTEJBSJPT SFWJTUBTZMBVCJDVB BMFSUBCBFSBMBDBTJJOGJOJUBDBOUJEBEEFMJCSPTRVF TJUÞBOFOVOFTQBDJPNÈTBMMÈEPOEFOVFTUSPT
UFDOPMPHÓBEFJNQSFTJØO TVNBEPBMBSBEJPZMB TFQVCMJDBCBO&MQSPCMFNBQSJODJQBM FOUPODFT TFOUJEPTJODPSQPSBEPTOPOPTBZVEBO)PZEÓB
UFMFWJTJØO BHPCJBSPOBMBHFOUFDPOJOGPSNBDJØO
&OMBEÏDBEBEF +PTÏ0SUFHBZ(BTTFU FO
VOEJTDVSTPBM$POHSFTP*OUFSOBDJPOBMEF
#JCMJPUFDBSJPT IBCMBCBEFMiMJCSPGVSJPTPwZ
FYQSFTBCBBTÓTVTQSFPDVQBDJPOFTTPCSFFTUF
GFOØNFOP

i)BZZBEFNBTJBEPTMJCSPT"VOSFEVDJFOEPTP
CSFNBOFSBFMOÞNFSPEFUFNBTBRVFDBEBIPN
CSFEFEJDBTVBUFODJØO MBDBOUJEBEEFMJCSPTRVF
OFDFTJUBJOHFSJSFTUBOFOPSNFRVFSFCPTBMPT
MÓNJUFTEFTVUJFNQPZEFTVDBQBDJEBEEFBTJNJ
MBDJØO<>-BDVMUVSBRVFIBCÓBMJCFSUBEPBMIPN
CSFEFMBTFMWBQSJNJHFOJB MFBSSPKBEFOVFWPFO
VOBTFMWBEFMJCSPTOPNFOPTJOFYUSJDBCMFZBIP
HBEPSB<>)BZBRVÓ QVFT VOESBNBFMMJCSPFT
JNQSFTDJOEJCMFFOFTUBTBMUVSBTEFMBIJTUPSJB QFSP
FMMJCSPFTUÈFOQFMJHSPQPSRVFTFIBWVFMUPVO
QFMJHSPQBSBFMIPNCSFw .JTJØOEFM#JCMJPUFDBSJP



&MMJCSP TFHÞO0SUFHB IBCÓBMMFHBEPBTFSVO


QFMJHSPQBSBFMIPNCSF&TDVDIBNPTIPZEÓBRVF
KBTNVZTJNJMBSFTTPCSFMPTEBUPT{2VÏFTUÈPDV
SSJFOEPFOFMGPOEP &MGFOØNFOPQVFEFTFSQB
'*(63"
(3«'*$026&.6&453"-04"-$"/$&4:-*.*5"$*0/&4%&-".&.03*" : -"$"1"$*%"%%&
SBGSBTFBEPVTBOEPVODPOPDJEPUFYUPTPCSFFM 130$&4".*&/50%&-)6."/0$0.1"3"%0$0/053"4&41&$*&4:0#+&504&/&-&+&)03*
DBNCJPTPDJBM&OVODJFSUPFTUBEJPEFEFTBSSPMMP ;0/5"- $"1"$*%"%%&"-."$&/".*&/50&/.&("#:5&4&/&-&+&7&35*$"- $"1"$*%"%%&
MBTGVFS[BTNBUFSJBMFTEFMBTPDJFEBEDPNJFO[BOB 130$&4".*&/50&/.*--0/&4%&*/4536$$*0/&41034&(6/%0 *."(&/%&)"/4.03"7&$



IKH wL
 Sociedad

MPTBWBODFTUFDOPMØHJDPTFONFEJPT QPEFSDPN QPTJCMFiNBUFSJBMJ[BSwHSBOQBSUFEFFTFQSPDFTP FMBCPSBEPTJOEFQFOEJFOUFNFOUFEFVODJFSUP


QVUBDJPOBM NFNPSJB SFEFT TFOTPSFT DPNVOJDB FOMBGPSNBEFEBUPT%FBMHVOBNBOFSB MBTUFD OJWFMEFBCTUSBDDJØO$BSPMJOB)BZUIPSOUIXBJUF
DJØO FUD
IBOJODSFNFOUBEPESBNÈUJDBNFOUFMB OPMPHÓBTEJHJUBMFTEFDBQUVSB QSPDFTBNJFOUP FO;JOT 
BQVOUBBMPNJTNPEFPUSBNBOFSB
DBQBDJEBEEFDBQUVSBEFEBUPT TFOTPSFT UFMF BOÈMJTJTZWJTVBMJ[BDJØOOPTIBOIFDIPDPOTDJFOUFT MPTEBUPTTPOMBNÈTQFRVF×BVOJEBESFDPMFDUB
TDPQJPT 8FC FUD
EFQSPEVDDJØOEFEBUPT DPN EFFTFNVOEPDPORVFJOUFSBDUVÈCBNPTTPMPFO CMFBTPDJBEBBVOGFOØNFOP/PSNBMNFOUF MPT
QVUBEPSFT KVFHPT NFEJB -)$ FUD
EFBMNBDF WJWP WFSBMHVOPTOÞNFSPTFOMB 5BCMB
.J EBUPTTFFODVFOUSBOFODPMFDDJPOFTRVFTPO
OBNJFOUPEFEBUPT NFNPSJBT NFEJPTEF IJQØUFTJTFTRVFFTUFOVFWPFTDFOBSJPIBUPSOBEP SFVOJEBTQBSBNPOJUPSFBSVOQSPDFTP QBSB
BMNBDFOBNJFOUP OVCF FUD
EFBOÈMJTJTEFEBUPT PCTPMFUPMPTNPEFMPTDPODFQUVBMFTRVFUFOÓBNPT FWBMVBSVOBTJUVBDJØOZPPCUFOFSVOSFGFSFOUF
UÏDOJDBTFTUBEÓTUJDBT SFEFTOFVSPOBMFT  EFFQ QBSBFOGSFOUBSFMNVOEPTJNCØMJDP&OUSFMPTNB QBSBVOGFOØNFOP&OSFTVNFO MPTEBUPTTPOFM
MFBSOJOH FUD
&OVOBGSBTFFMMÓNJUFRVFIPZ ZPSFTEFTBGÓPTFTUÈMBOPDJØOEFFTDBMB (JCTPO FTUSBUPNÈTCÈTJDPFOFMNVOEPTJNCØMJDP
FTUBNPTTPCSFQBTBOEPFTFMEFMBTDBQBDJEBEFT 0TUSPN "IN 
 -PTEBUPTOPUJFOFOTJHOJGJDBEPQPSTÓNJTNPT
IVNBOBTQBSBFOUFOEFSZNBOJQVMBSFTUFWBTUP QFSPTPOMBGVFOUFEFMTJHOJGJDBEP
NVOEPEFPCKFUPTTJNCØMJDPTMMBNBEPTEBUPT
'JHVSB

EL CONCEPTO 1PSEBUPTFOUFOEFSFNPTEBUPTNBUFSJBMJ[BEPT
BMNBDFOBEPTEJHJUBMNFOUF
FTUPFT TÓNCPMPT
"QFTBSEFMBTRVFKBTEF0SUFHB IBTUBIBDFQPDP
OPTPUSPTMPTIVNBOPTQPEÓBNPTMJEJBSDPOUPEP
DE DATOS (DATA) VOBWF[RVFIBOTJEPDPOHFMBEPTNBUFSJBMNFOUF
EJHJUBMJ[BEPT
%FTEFFTUFBTQFDUPMPTEBUPT
UJQPEFPCKFUPTTJNCØMJDPTBOVFTUSPBMSFEFEPS -BTSFMBDJPOFTFOUSFMBTOPDJPOFTEFEBUPT DPNPMPTUSBUBNPTFOFTUFBSUÓDVMP TPOQBSUFEFM
UFYUPT GPUPHSBGÓB NÞTJDB QFMÓDVMBT1FSPFTUF JOGPSNBDJØOZDPOPDJNJFOUPTPODPNQMFKBTZ NVOEPiPCKFUJWPw-PTEBUPTTPODPMFDDJPOFT
NVOEPTJNCØMJDPFTUÈDSFDJFOEPUBOSÈQJEPRVF TVUJMFT1FSPQBSBMPRVFTJHVF OPTCBTUBSÈBTVNJS NBUFSJBMFTEFTÓNCPMPT²TUFFTFMFTQÓSJUVEFMBT
FTDBQBBOVFTUSBTDBQBDJEBEFTIVNBOBTZTPDJB MBQSFNJTBBNQMJBNFOUFBDFQUBEBRVFMPTEBUPT TJHVJFOUFTEFGJOJDJPOFTEFEBUPTRVFQVFEFO
MFTiEBEBTw ZQPSMPUBOUP TFOUJNPTRVFVOPT TPO FODJFSUPTFOUJEP FMQVOUPEFQBSUJEB MBCBTF FODPOUSBSTFFOBMHVOPTEJDDJPOBSJPT
DVSPZBNFOB[BEPS QFSPGVOEBNFOUBMNFOUF MPTCMPRVFTCÈTJDPT EFMBJOGPSNBDJØOZFM i*OGPSNBDJØOFOGPSNBOVNÏSJDBRVFQVFEFTFS
JOFOUFOEJCMFNVOEPQBSBMFMPDSFDFGSFOUFBOP DPOPDJNJFOUP#BKPFTUBIJQØUFTJTBOBMJ[BSFNPT USBOTNJUJEBPQSPDFTBEBEJHJUBMNFOUFw .FSSJBN
TPUSPT1FSPFTCVFOPSFDBMDBSMPOPFTRVFFTF FMDPODFQUPEFEBUPT 8FCTUFS
PiMBTDBOUJEBEFT DBSBDUFSFT PTÓNCP
NVOEPTJNCØMJDPOPFYJTUJFSBBOUFT&YJTUÓBZFSB MPTTPCSFMBTRVFVODPNQVUBEPSSFBMJ[BTVTPQF
NVZWBTUP1FSPFSBFTFODJBMNFOUFWPMÈUJM/BEJF "MOJWFMNÈTCÈTJDPZBCTUSBDUP MPTEBUPTTPO SBDJPOFT RVFQVFEFOTFSBMNBDFOBEBTPUSBOT
FSBDBQB[EFDPOHFMBSMPOJDBQUVSBSMPOJNFOPT VOBEJTUJODJØO FTUPFT VOTJHOPEFVOBGBMUBEF NJUJEBTFOMBGPSNBEFTF×BMFTFMÏDUSJDBTP
QSPDFTBSMP$POUFNQMBSVOBUPSNFOUBFT EFTEF VOJGPSNJEBEFOFMNVOEPFYUFSOP$PNPMP BMNBDFOBEBTFONFEJPTNBHOÏUJDPT ØQUJDPT P
FMQVOUPEFWJTUBEFQSPDFTPEFJOGPSNBDJØO VO QMBOUFB-VDJBOP'MPSJEJ 
MPTEBUPTTPOVOB NFDÈOJDPTw 0YGPSE
&OSFTVNFO BQFTBSEFTV
QSPDFTPFYUSBPSEJOBSJBNFOUFDPNQMFKP1FSPEF GSBDUVSBFOMBGÈCSJDBEFMTFS ZTPMPQVFEFOTFS BNCJHàFEBEUFDOPMØHJDBFOUSFMPNBUFSJBMZMP
FMMBRVFEBCBBMPNÈTVOWBHPSFDVFSEP-BOP QMBOUFBEPTDPNPVOFOHBODIFFYUFSOPB JONBUFSJBM MPTEBUPTTPONBUFSJBMFT
WFEBEFTFODJBMRVFFOGSFOUBNPTIPZ FTRVFFT OVFTUSBJOGPSNBDJØO/PTPOOVODBBDDFTBEPTP
-BTEJTUJODJPOFTRVFEFGJOFOMPTEBUPTTVQPOFO
VODPOUFYUPJNQMÓDJUP&TUBSFEEFTJHOJGJDBEPT
#ZUF#  VODBSBDUFS OPFTFOVODJBEBFYQMÓDJUBNFOUF FTUPFT OPFT
,JMP,#  UFYUPFTDSJUP FTQFDJGJDBEBFOFMEBUPNJTNP&TUPQFSNJUF
FTDBMBIVNBOB WBSJBEBTJOUFSQSFUBDJPOFTEFMPTNJTNPTEBUPT
.FHB.#  JNÈHFOFT NÞTJDB
EFTEFEJGFSFOUFTQVOUPTEFWJTUBQBSBFYQMPSBS
(JHB(#  WJEFPT
OVFWBTEJNFOTJPOFT6OCVFOFKFNQMPFTVOB
GPUPHSBGÓB$POBMUBQSPCBCJMJEBE FMGPUØHSBGPMB
5FSB5#  #JCMJPUFDB$POHSFTP64" UPNØDPOBMHVOBJOUFODJØOFONFOUF1FSPMBT
NÈTBMMÈEFMPIVNBOP 1FUB1#  %BUBDFOUFSHSBOEF GVUVSBTHFOFSBDJPOFTQVFEFOVTBSMBQBSBiWFSw
&YB&#  5PEBTMBTQBMBCSBTIBCMBEBT EJNFOTJPOFTRVFOPFTUBCBOQSFTFOUFTFOFM
;FUUB;#  $BOUJEBEEFEBUPTHMPCBMFT GPDPPSJHJOBMEFMGPUØHSBGP-PBOUFSJPSOPTJHOJGJDB
RVFVTVBMNFOUFTFJODMVZBOBMHVOPTDPOUFYUPT
5"#-" FYQMÓDJUPTFOMBGPSNBEFNFUBEBUPT FTUPFT
5"."º04%&%"504:&4$"-")6."/" EBUPTBEJDJPOBMFTRVFEBOJOGPSNBDJØOPJOEJDBO

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IKH wL
 Sociedad

SFMBDJPOFTFOMPTEBUPTDSVEPT&OSFTVNFO MPT i0CTFSWBDJØOwFOTVTFOUJEPDJFOUÓGJDPZBTF


EBUPTUJFOFOTJHOJGJDBEP BVORVFOPTJFNQSFFY NFODJPOBQPS"SJTUØUFMFT#BDPOBSHVNFOUBTV
QMÓDJUP"VORVFMPTEBUPTTFBOSFDPMFDUBEPTP SFMFWBODJBQBSBMBJOWFTUJHBDJØOZMBDPODJFODJB
DPOTUSVJEPTDPOBMHÞOPCKFUJWPFONFOUF QFSNJ EFMBTTVUJMF[BTEFTVTDPOFYJPOFTDPOFMDPOP
UFOEJWFSTBTJOUFSQSFUBDJPOFTZQVFEFOBQPZBS DJNJFOUPTFSFNPOUBOBMPTDPNJFO[PTEFMTJHMP
NÞMUJQMFTUFTJT 994JOFNCBSHP FTTPMPBMEFTQVOUBSFMTJHMP
99*RVFMPTEBUPTDPNJFO[BOBTFSQFOTBEPT
&OOVFTUSBÈSFB MBDJFODJBEFMPTEBUPT MPTEBUPT DPNPNPUPSEFMBDJFODJB 'JHVSB
&M1SFNJP
TPOFMQVOUPEFQBSUJEB/VFTUSBUBSFBOPFTBDMB 5VSJOH+JN(SBZFTDSJCÓBFO
SBSFMFTUBUVTPOUPMØHJDPEFMPTEBUPT TJOPFOUFO
EFSTVTQSPQJFEBEFT TVTiNPEPTEF i0SJHJOBMNFOUF TPMPIBCÓBDJFODJBFYQFSJNFOUBM
DPNCJOBDJØOw ZPKBMÈPCUFOFSVONPEFMPDPO ZMVFHPIVCPDJFODJBUFØSJDB DPOMBTMFZFTEF
DFQUVBMQBSBFMMPT1BSBHFOUFRVFTFEFEJDBB ,FQMFS MBTMFZFTEFMNPWJNJFOUPEF/FXUPO MBT
PCUFOFS BBMNBDFOBS BDVJEBS BDVSBS BQSPDFTBS FDVBDJPOFTEF.BYXFMM ZBTÓTVDFTJWBNFOUF
BBOBMJ[BS BWJTVBMJ[BS MPTEBUPTTPOTJNQMFNFOUF &OUPODFT QBSBNVDIPTQSPCMFNBT MPTNPEFMPT '*(63"
BMHPEBEP DPNPMPJOEJDBTVBDFQDJØOMBUJOB UFØSJDPTDSFDJFSPOEFNBOFSBEFNBTJBEPDPN -04%"504$0/'03."/)0:$"4*6/"3²1-*
/VFTUSPBTVOUPFOFTUFQVOUPOPFTMBQPTJCMF QMJDBEBQBSBTFSSFTVFMUPTBOBMÓUJDBNFOUF ZMB $"%&-.6/%0."5&3*"-:%&&4"."/&3"
TFNÈOUJDBRVFQVFEFTFSEFTUJMBEBEFMPTEBUPT HFOUFUVWPRVFDPNFO[BSIBDFSTJNVMBDJPOFT 53"/4'03."/&-.0%0%&)"$&3$*&/$*"
TJOPMPTEBUPTDPNPFMFNFOUPNBUFSJBM6TBOEP &TUBTTJNVMBDJPOFTOPTIBOBDPNQB×BEPBUSBWÏT
FMDPOUSBQVOUPFOUSFFMNVOEPEFMPTCJUTZFMEF EFHSBOQBSUFEFMBÞMUJNBNJUBEEFMNJMFOJP DFOUSBMQBSBFMEFTBSSPMMPFDPOØNJDP1FSPTPMP
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