Leveraging Artificial Intelligence (AI) to Improve Trade and Commerce Efficiency in Guyana
Abstract:
The
"Digital Guyana" initiative centers on AskGov, an AI platform
providing 24/7 consultancy to bridge the gap between remote entrepreneurs and
central regulation. By simplifying complex filings like the Local Content Act
via mobile devices, the government ensures small businesses can navigate legal
frameworks previously accessible only to large firms. Once integrated, these
businesses leverage predictive logistics to align production with global
demand. Agencies like the GRDB and GuySuCo use AI-equipped drones and modeling
to monitor crop health, reducing chemical waste by 15% and stabilizing supply
chains against seasonal constraints. This precision is mirrored in the oil and
gas sector. Digital Twins on vessels like the Liza Unity optimize maintenance
through real-time virtual modeling, while AI-powered underwater vehicles
provide high-resolution seabed mapping for low-impact resource extraction.
Industrial efficiency further drives SME growth via modernized financial
services. Institutions like Republic Bank now use AI credit scoring to analyze
non-traditional data, unlocking capital for businesses without formal credit
histories. This allows manufacturers like DDL to adopt dynamic pricing tools
for international competition. Further, to ensure ethical growth, the EPA
utilizes real-time AI monitoring to track offshore production and waste. By
automating Local Content Act compliance, the government ensures expansion
translates into fair employment for the Guyanese workforce. Finally,
advancements are secured within Silica City, where 3D AI models of power grids
and drainage systems predict koker/sluice failures, ensuring infrastructure
remains resilient against climate change.
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