Leveraging Artificial Intelligence (AI) to Improve Trade and Commerce Efficiency in Guyana

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DOI: 10.21522/TIJAR.2014.13.02.Art031

Authors : Visham Budhoo

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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