The typical approach to problem-solving is to isolate a problem and develop solutions. But in our increasingly complex and interconnected world, our approach to problem-solving requires a shift in perspective.
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According to Grand View Research, the global mobile app market was valued at USD 206.85 billion in 2022 and is expected to grow at a compound annual growth rate of 13.8% between 2023 and 2030. However, mobile app development no longer seems to be a focus of Caribbean businesses or software developers. Have we missed that boat?
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The Port of Spain Commitment on Digital Integration was recently made by Caribbean countries, which was seen as a demonstration of the importance countries are placing on digital transformation and the need for greater regional integration. In this article, we discuss the implications and potential impact of this agreement.
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To a considerable degree, Caribbean organisations view mobile/cellular devices as providing marketing and promotion access, such as via social media. But mobile has become considerably more powerful and has become a crucial channel through which complete sales and do business.
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As early as July 2023, Jamaica should have a digital marketplace, which it is hoped will drive increased e-commerce and the use of digital payments, especially JAM-DEX, the country’s Central Bank Digital Currency. However, cognisant of the challenges JAM-DEX has been experiencing, the immediate success of the digital marketplace is not assured. We outline five issues that must be addressed before the digital marketplace for JAM-DEX is likely to be a success.
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