The Caribbean Tech Entrepreneurship Programme Stakeholders Summit was held in Barbados on February 19,2019. We are pleased to share with you a presentation made by Mr. Daniel Best, Director of Projects for Caribbean Development Bank.
Mr. Best explains the focus of the bank and effort to assist Caribbean MSMEs:
The Bank is also interested in providing support to projects that focus on the use of technology because of the opportunity inherent for increasing the resilience of MSMEs in BMCs. Most Caribbean states face vulnerability to external shocks and natural disasters. In the past 10 years, there has been no less than a combination of 13 major storms and hurricanes affecting the Caribbean basin. The International Organisation for Standardisation (ISO) has broadened the scope of business continuity management from that of business continuity planning to building resilience by moving from a sense of reacting to recover from an event to becoming impervious to the event.
MSMEs can move closer to achieving this standard by using technology such as cloud backup services in day to day business operations. By employing technical solutions like virtualisation and cloud services, which essentially move services off site, a businessperson will be able to remain operational or recover quickly, in the event of a natural disaster.
The use of technology can also bring about innovation that is transformative. Micro, small and medium enterprises have experienced innovation in positioning from using accessible technology such as social media to market their products and services, e- commerce platforms to host their sales presence and facilitate sales and e-payment services to get paid. Read More
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Crowe Jamaica (www.crowe.com/jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Jamaica serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world. Crowe Jamaica Corporate Office: Dawgen Tower 47-49 Trinidad Terrace Kingston 5 Tel: (876) 9292518 | (876) 9265210 info@crowehorwath.com.jm
The Bank is also interested in providing support to projects that focus on the use of technology because of the opportunity inherent for increasing the resilience of MSMEs in BMCs. Most Caribbean states face vulnerability to external shocks and natural disasters. In the past 10 years, there has been no less than a combination of 13 major storms and hurricanes affecting the Caribbean basin. The International Organisation for Standardisation (ISO) has broadened the scope of business continuity management from that of business continuity planning to building resilience by moving from a sense of reacting to recover from an event to becoming impervious to the event.
MSMEs can move closer to achieving this standard by using technology such as cloud backup services in day to day business operations. By employing technical solutions like virtualisation and cloud services, which essentially move services off site, a businessperson will be able to remain operational or recover quickly, in the event of a natural disaster.
The use of technology can also bring about innovation that is transformative. Micro, small and medium enterprises have experienced innovation in positioning from using accessible technology such as social media to market their products and services, e- commerce platforms to host their sales presence and facilitate sales and e-payment services to get paid. Read More
Read more
Crowe Jamaica (www.crowe.com/jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Jamaica serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world. Crowe Jamaica Corporate Office: Dawgen Tower 47-49 Trinidad Terrace Kingston 5 Tel: (876) 9292518 | (876) 9265210 info@crowehorwath.com.jm
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