Last update: 09-Dec-2013 11:04 am
Monday, December 09, 2013
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Expert: T&T can use Cuba’s ICT model to diversify
Information and Communication Technology (ICT) is one area T&T can use to diversify away from oil and gas dependency, Stephen King, CEO of local software development company, Ixanos said yesterday.
“ICT is at the top of the list in diversification. We have had oil and gas for the past 51 years and I think it is important that this diversification exercise works because we do not have anything to fall back on. The diversification to ICT means we start earning foreign exchange from products which we earn the intellectual property to or else we do not stand a chance,” he said. King spoke to the T&T Guardian yesterday at a seminar on Cuban technology at the T&T Chamber of Commerce, Westmoorings.
He said T&T can learn from the Cuban experience. In 2002, Cuba established a university that specialises in ICT. “Cuba has done some things in ten years because of a very focused, visionary and centralised government,” he said. King said the Government needs to be strategic in what is does.
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