Recognise ICTs in small, medium enterprises

BRIDGETOWN, Barbados - Particular attention must be given to Small and Medium Enterprise (SMEs), with regards to how Information and Communication Technologies or ICTs, may be applied to improve their efficiency, extend their reach and make them more globally competitive. That is according to Dr. Keith Mitchell, Prime Minister of Grenada during his address to the University of the West Indies Students Today Ambassadors Tomorrow (UWISTAT) lecture, held recently at the Cave Hill Campus. According to him, such efforts should include the provision of business development services that assist in the design of business models; redefinition of business processes and the assessment of the most cost effective means of implementing ICT solutions; exploring effective ways of providing inexpensive ICT; and integrating SMEs into supply chains, by adopting industrial and trade policies that seek to expand both export and local value added services.