The application of Computing in Business (some folks call it MIS) is continually evolving as a discipline. As an Industry, we've now learned after many years of failed IT Projects (17% success rate according to the Standish Report), that critical success factors are more about Organizational Context, Culture and People rather than the technology itself. Perhaps we could refer to these collectively as the "Politics" of the Organization... The Open Source phenomenon has rattled the very foundations of the commercial software industry.. And while Open-Source has spawned some fascinating technologies, it Is fundamentally more about the Philosophy of Collaboration and Community than about technology itself...
In the current climate in Jamaica, the involuntary exchange of bonds to lower yielding instruments caught the Jamaican financial sector and other stakeholders unprepared. This is clear evidence of the inadequacies in regulatory oversight and risk management discipline, both at the level of the financial institutions themselves and the local regulatory authorities.