Business

Fear of Job Loss Slows Technology Adoption in Virgin Islands Business, Panel Warns at Summit

Could the fear of eliminating traditional jobs be one reason for delays in incorporating more technology into local business processes? A panel discussion on the territory's business ecosystem explored this and other angles during the first day of the Workforce Development Summit, held on Tuesday at the Caribbean Cinemas facility in Sunny Isle. According to Wayne Biggs, chief executive officer of the Economic Development Authority, while “policies are geared towards assisting businesses,” there are “improvements that can be made” to make doing business in the territory easier, faster, and “more efficient by using technology.”  Philip Corey, Brava’s head of business in the USVI, agreed. As far as business friendliness is concerned, Mr. Corey believes “technology is the solution to a lot of those challenges.” Digitization, including being able to complete entire processes online, was one of his suggestions. He referenced mainland states where business operators could “do it all online”...