The Bahamas Chamber of Commerce and Employers’ Confederation’s (BCCEC) Digital Transformation Committee will release its position statement for the country’s digital economy today. The BCCEC explained in a press release circulated yesterday that the position statement will be the framework through which it supports the sector’s regulatory environments, drives investment in the digital economy and encourages innovative forms of foreign direct investment.
Digital Transformation Committee Chairperson Royann Dean said in the release that the aim of the statement is to assist business owners to recognize the need to bring their companies into the digital landscape and begin to use that landscape to innovate their offerings.
She added that the position statement will help to inform policymakers as they shape the digital environment entrepreneurs will have to operate in within this country.
“Digital is an increasingly important part of the narrative in the private and public sectors,” Dean said.
“The diversity of the committee – entrepreneurs, telecommunications, consulting, IT and financial services – creates unique insights into not only the digital needs of the private sector but also issues related to digital inclusion and the provision of digital services.”
BCCEC Chairperson Khrystle Rutherford-Ferguson said in the release that COVID-19 and Hurricane Dorian disrupted and devastated business operations in The Bahamas. She explained that the digital position statement will be another way for the BCCEC to assist the private sector and support its membership.
Many businesses last year were forced to pivot their operations with some sort of digital strategy in order to fend off the disruption caused by the COVID-19 protocols put in place by the government to stem the spread of the disease.
“Since the digital transformation committee was established in January 2020, it has been actively engaged in providing feedback on national digital bills that will shape the digital landscape in The Bahamas, including the national digital policy bill and the Digital Assets and Registered Exchanges (DARE) Bill, 2020,” the release stated. “It has also conducted webinars about digital transformation, cybersecurity and digital payment platforms.”