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David Mullings

@davidmullings

Chairman and CEO - @BlueMahoeCap | "The people who are crazy enough to think they can change the world are the ones who do." - Steve Jobs 🇯🇲 🇺🇸

Orlando // Miami // Kingston
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Vrijeme pridruživanja: svibanj 2008.

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    David Mullings‏ @davidmullings 3. velj
    • Prijavi Tweet

    I’m going to spend this week talking about the 4th Industrial Revolution, the Digitial Economy and why Caribbean countries and companies need to get with the times #4IR #DigitalTransformation #DigitalEconomy

    06:32 - 3. velj 2020.
    • 10 proslijeđenih tweetova
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    10 proslijeđenih tweetova 38 korisnika označava da im se sviđa
      1. Novi razgovor
      2. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        Some people already know what #4IR means and understand how the #DigitalEconomy has fundamentally changed how work is done. Many do not and are not prepared for a transition that is already happening. Start with this video -https://www.youtube.com/watch?v=okXk4Bnz2Lc …

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      3. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        My personal opinion is that the Internet is comparable to Electricity - initially, electricity was only being used to replace kerosene lamps. Few people thought about the many other potential applications that would spring from this new utility.

        0 proslijeđenih tweetova 4 korisnika označavaju da im se sviđa
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      4. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        This was an ad for one of the first electric washing machines...note that it is plugged into a lightbulb socket overhead! (Plugs were not yet invented) Don’t ask me about unscrewing it with wet hands to turn it off 👀pic.twitter.com/HRDukMowdX

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      5. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        Modern appliances are taken for granted by us today and so are sockets to plug these devices into. The Internet effectively started out with one application - the World Wide Web - meant to facilitate sending electronic messages between computers.

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      6. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        Today we can see applications and use cases that few predicted back when this new technology was invented but now seem obvious, especially Search, ecommerce, advertising, financial services and education. Digital is almost everywhere.

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      7. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        This also means that school systems designed for the Industrial Economy have not properly prepared workers for the Digital Economy in most countries, hence so many workers falling behind. Check out this great @worthmag article -https://www.worth.com/your-company-is-sleeping-through-a-crisis/ …

        1 reply 0 proslijeđenih tweetova 2 korisnika označavaju da im se sviđa
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      8. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        One could easily change the title to "Your Country Is Sleeping Through A Crisis" and then insert any country in the subtitle - "American workers are falling behind, and employers aren’t doing enough to help." This is especially true for the #Caribbean

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      9. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        "Companies must have a holistic approach to talent that involves upskilling, reskilling and hiring." says Jason Field in that article. Whole countries need to do that as well.

        1 reply 0 proslijeđenih tweetova 3 korisnika označavaju da im se sviđa
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      10. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        Here is another great piece that leaders in the Caribbean, public and private sector, need to read:https://qz.com/work/1664560/automation-means-we-need-to-retrain-workers-not-rescrew-them/ …

        1 proslijeđeni tweet 4 korisnika označavaju da im se sviđa
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      11. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        "As tasks are automated, demand shifts toward more labor-intensive, less technology-intensive roles. A more digitized economy creates far more new jobs for bartenders, recreational therapists, and teachers than it does for VR programmers."

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      12. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        According to that article, "Five promising digital skills": 1. Animation 2. Multimedia production 3. Design in engineering 4. Building and maintain IT systems and networks 5. Research and quantitative data analysis

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      13. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        "For a start, schools need to focus on the skills that will see rising demand: judgement, problem-solving, creativity, and collaboration. These should be at the core of the curriculum, not at the margins as they are now." Education reform is crucial to future competitiveness

        1 proslijeđeni tweet 5 korisnika označava da im se sviđa
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      14. David Mullings‏ @davidmullings 3. velj
        • Prijavi Tweet

        I will add to this thread in coming days

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      15. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        "The Fourth Industrial Revolution is rapidly driving transformational disruption across every sector. By 2022, over 60% of global GDP will be digitized. An estimated 70% of new value created in the economy over the next decade will be based on digitally enabled platforms." - WEF

        1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
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      16. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        That quote comes from -https://www.weforum.org/platforms/shaping-the-future-of-digital-economy-and-new-value-creation …

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      17. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        Some countries are already ahead of the game and creating a "Digital Economy Partnership Agreement" -https://www.zdnet.com/article/singapore-new-zealand-and-chile-inch-towards-digital-economy-pact/ …

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      18. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        No surprise that Singapore is thinking that far ahead. The pact would "facilitate greater digital connectivity between the countries and establish multilateral rules on digital trade at the World Trade Organisation (WTO)." How many Caribbean countries are looking at such pacts?

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      19. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        This was just announced by Dominica, credit to their government for publicly declaring -https://wicnews.com/caribbean/dominica/dominica-adopt-digital-economy-future-benefits-080525683/ …

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      20. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        "One thing is certain: there’s no turning back now. Digital technology will spread further, and efforts to ignore it or legislate against it will likely fail" - https://www.imf.org/external/pubs/ft/fandd/2018/06/impact-of-digital-technology-on-economic-growth/muhleisen.htm …

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      21. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        "The answer lies not in denial but in devising smart policies that maximize the benefits of the new technology while minimizing the inevitable short-term disruptions."

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      22. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        "By their very nature, general-purpose technological revolutions are also highly disruptive. The Luddites of the early 19th century resisted and tried to destroy machines that rendered their weaving skills obsolete, even though the machines ushered in new skills and jobs."

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      23. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        The @the_IDB has a really good publication titled "Exponential Disruption in the Digital Economy" - https://publications.iadb.org/publications/english/document/Exponential-Disruption-in-the-Digital-Economy.pdf …

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      24. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        A key stat from it that Caribbean policymakers are probably not aware of is "Over the past three decades, every dollar invested in digital technologies added US$20 to GDP on average, 6.7 times higher than non-digital investments which added US $3 for every dollar invested."

        1 reply 1 proslijeđeni tweet 0 korisnika označava da im se sviđa
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      25. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        Caribbean countries working towards significant GDP growth but investing most of the money into non-digital technologies are not serious.

        1 reply 1 proslijeđeni tweet 0 korisnika označava da im se sviđa
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      26. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        I've been happy to hear a few Caribbean companies speak about #BigData and at @BlueMahoeCap we are evaluating an investment in that space. Why is this a crucial area to support? "For example, in taxation, big data and analytical tools could help to reduce tax evasion and fraud"

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      27. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        and "In the private sector, big data and analytics helps enterprises enhance their productivity and boost sales, and drives the creation of new business models." Lots of companies in the Caribbean need to "enhance their productivity" because of low global competitiveness

        1 reply 1 proslijeđeni tweet 1 korisnik označava da mu se sviđa
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      28. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        Leveraging the Internet of Things would be smart as well - "By using the sensor data gathered by IoT-enabled devices such as smart meters and traffic lights, governments gain insights into citizens’ needs and are enabled to implement changes quickly and effectively."

        1 reply 1 proslijeđeni tweet 0 korisnika označava da im se sviđa
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      29. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        As someone who travels to Jamaica almost monthly and witness the insane traffic, I can imagine the widespread application of IoT-enabled traffic lights (provided road discipline is tackled at the same time of course).

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      30. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        The IDB makes a clear case for applying digital technology to one of the largest employers in the Caribbean - "in the agricultural sector, a network of sensors distributed over the field could help monitor temperature and humidity levels and control irrigation systems."

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      31. David Mullings‏ @davidmullings 4. velj
        • Prijavi Tweet

        I love the 5 ways that the @the_IDB indicates how the private sector can play a role: 1. Increasing private investment, especially in connectivity infrastructure that allows for equitable access

        1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
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      32. Još 6 drugih odgovora

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