With China’s digital RMB cross-border settlement system now fully connected to the ten ASEAN countries and six Middle Eastern nations, questions must be asked about the continued utility of the SWIFT system used by financial institutions worldwide, and we in the Caribbean region could learn from this recent development.
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Similar to other parts of the world, artificial intelligence (AI) has taken the Caribbean region by storm, though some organisations may still be hesitant about it or may not know how to prudently integrate it into their operations. Notwithstanding, AI is here to stay and its impact on the Caribbean business landscape will become increasingly evident.
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Digital sovereignty has been a hot topic over the past several weeks, with data sovereignty and AI sovereignty being the subjects of such conversations. However, how does digital agency fit into the mix? With IT Specialist, Researcher and Digital Analyst, Matthew Cowen, we discuss digital sovereignty and digital agency, including: Could digital sovereignty lead to increased fragmentation of the internet? How can we balance the need for individual digital agency with the need for online safety and security? How do the goals of digital sovereignty and digital agency intersect or conflict? Can a country achieve digital sovereignty without respecting the digital agency of its citizens?
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Day by day, the internet is becoming a less unified and cohesive space. “Splinterisation” has been occurring and is likely to continue, which could result in many “internets”. We outline some of the drivers of this fragmentation, likely consequences and some of the forums that are trying to make a difference.
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Although Caribbean countries have embraced AI, it appears that little thought has been given to the security and data risks and vulnerabilities that exist when we outsource our AI needs to the global tech giants or platforms that do not have a presence in the region. Sovereign AI will help the region create a more secure digital future and move us from dependence to dominance.
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