Business

PSOJ, Visionaries' Summit partners for technology breakthrough

Friday, March 22, 2019

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THIRTEEN years ago, the Government of Jamaica mandated the Planning Institute of Jamaica (PIOJ) to lead a comprehensive long-term National Development Plan which would place Jamaica in a position to achieve developed country status by 2030.

Branded 'Vision 2030,' the plan was based on a dream to make “Jamaica the place of choice to live, work, raise families, and do business.” More importantly, Vision 2030 placed the Jamaican people at the centre of the nation's transformation.

As the nation outlined goals in achieving the dream, Jamaica's business community recognised that the transformation was dependent on the country's ability to readily incorporate new technologies in key sectors. The introduction and spread in use of disruptive technologies including mobile phones, personal computers, and the Internet, not only created new markets and value network in Jamaica, but displaced established market-leading firms, products and alliances.

The changes in consumer profile later resulted in local business owners not just competing against local firms, but it also forced the business community to place more focus on developing innovation-driven products to keep up with the regional and international markets.

In response to the rapid changes in technology, the Private Sector Organisation of Jamaica (PSOJ) has partnered with the Destination Experience Visionaries' Summit, which will host several global leaders on investment and innovation in Jamaica over the period April 4-6.

For the first time, Destination Experience will use its annual Master of Industry Reception to celebrate the PSOJ's Hall of Fame on Friday, April 5, 2019 at the Spanish Court Hotel.

The concept behind the Reception was to have a small group of brilliant business minds sharing their experiences in a less structured environment. But coined with the PSOJ's Hall of Fame, the Reception will not only connect business leaders with a dynamic network of ideas, people and opportunities; but will allow both local and international game-changers to interact with and celebrate the finest businessmen and women in Jamaica.

Ultimately, the PSOJ hopes that partnering with the Destination Experience Summit, which is seen as a disruptive force in the market, will drive ideas on the need for transformation within the business sector with primary focus on technology, innovation, and new enterprise.

This year's Master of Industry Reception will feature presentations by Global Head of Citizenship, KPMG Lord Michael Hastings and Tim Hentschel, co-Founder and CEO, Hotelplanner.com, a technology company driving in excess of US$10 billion in annual group travel revenue.

President of the PSOJ Howard Mitchell will join former Chairman and CEO of GraceKennedy, Douglas Orane as co-chair of the series of the event alongside an illustrious host committee including PanJam Investment chairman and CEO Stephen Facey, CEO of Island Grill, Thalia Lyn and chief executive officer of Ttech Chris Reckord.

Destination Experience Visionaries' Summit 2019 will be held under the theme 'Capitalism, Inclusiveness, and Innovation in the Fourth Industrial Revolution', and will uncover trending globally relevant subject matter aimed at promoting increased innovation and technology use in business.


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