The winner of the 2022 award for business technology will be revealed at the grand finale of the Champions of Business awards and cocktail reception on November 24, at the National Academy for the Performing Arts.
The award will be presented to one individual/company that has been playing a transformational role in the way technology is applied to business in TT. The selection panel would have identified this winner from among public nominations received.
The business technology category was introduced in 2018 and is aligned to one of the fastest growing business sectors in TT. Due to its boundariless nature, technology enables local companies to have a presence and be competitive on the world stage. The award recognises the significant role technology plays in transforming our business landscape by celebrating a technology-based company or individual that has created or provided innovative technological solutions or services for new and existing market needs. This year, the award is being presented by Term Finance Ltd, a company that was itself a recipient of the award in 2019, for being the first completely web-based credit institution.
The pandemic accelerated technology adoption by both companies and individuals, having a transformative effect in the way we carry out daily operations and lives. Many businesses were able to successfully pivot and in other cases, new providers took the opportunity to enter the market. In this post-covid era, we can be certain of one thing - technology will continue to be the driver of every facet of life globally.
It is interesting to note that TT is one of the best digitally connected countries in the Caribbean. Out of the total population, an estimated 1.09 million (or 77 per cent) are internet-connected, and of this, over 98 per cent access the social media via mobile phones
(DataReportal/digital-2022-trinidad-and-tobago-february-2022-v01).
Most companies maintain a website along with social media presence and, over the last two years in particular, many have established or enhanced their online business operations. In spite of the country's level of connectivity, digital infrastructure and technology adoption has been low according to the Inter-American Development Bank's Country Strategy 2021-2025. The world of tech is expanding at an ever-increasing pace and bringing the word 'globalisation' to life in new and exciting ways. In fact, it can be argued that if one can imagine it, tech of the future will be able to deliver it.
The TT Chamber of Industry and Commerce has consistently advocated on the benefits of technology adoption after introducing the business technology category in its annual signature event - Champions of Business. Earlier this year, we were pleased to host the vice president of Google, Dr Vinton Cerf, a foundational pioneer of the internet, to address our annual business meeting. And our Nova Committee, during pandemic conditions, presented its webinar series - Beyond 2020: How to Survive and Thrive - a MSME roadmap to digitally enabl
