Comments on: 2014/15 Bermuda Technology Report Released

By: Build a Better Bermuda

Build a Better Bermuda — Fri, 18 Sep 2015 03:51:28 +0000

Here’s the crux, how can someone complain about the state of our economy, but also be responsible for excessively bleeding it. There are something’s we just can’t find locally readily, but that list has diminished quite a bit.

By: Tempus

Tempus — Thu, 17 Sep 2015 19:00:36 +0000

25 Mbps is more than adequate for any household (I can’t speak to the cost).

There is also a big difference between having an “online presence” and implementing a website complete with an ordering catalog that includes current inventory availability and is secure enough such that customer information is not hacked and stolen.

By: Build a Better Bermuda

Build a Better Bermuda — Thu, 17 Sep 2015 19:00:17 +0000

You seem to think we can be compared to the U.S. market in some sort of equivilance. It may cost about 99 cents for a loaf of bread in the U.S. but is also going to cost about $3 to ship it here. Parralleling that to our tech base, the U.S. has a huge market value, a service provider looking to sell a service in a city has millions of potential customers in a condensed area, so infrastructure is less as you run a single cable to one building and you can possibly feed hundreds of clients, meaning the ROI on the cost of equipment they need to provide that service will have a quicker turn around; in Bermuda we are only a market of around 60,000, spaced out in a more rural distribution, so the infrastructure cost is higher, and purchasing the equipment for the service is more expensive than in the U.S. Thus, the ROI is longer and if you over invest, then by the time it comes to upgrading or replacing the equipment and you haven’t achieved a ROI, then you are out of pocket.

By: umok

umok — Thu, 17 Sep 2015 16:13:17 +0000

You are absolutely correct. The high cost of everything in this island lowers the quality of life for everyone.

By: umok

umok — Thu, 17 Sep 2015 16:11:01 +0000

Bermuda won’t let certain businesses come here from overseas so we shop online. Apparently that’s how we want it and that’s how we like it.

By: Paulo

Paulo — Thu, 17 Sep 2015 14:04:40 +0000

Bermuda is way behind in the Internet speeds, and with very high prices. 25 MB/s is not fast, and in Bermuda it’s the fastest available for home consumers, and the cost is ridiculous. Everything in Bermuda is ridiculously priced. The same loaf of bread in Bermuda which costs $4.99 I saw in the US for 99cents. That’s a 500% markup. For the price I pay for 15MB/s internet speed I should be getting 100MB/s.

By: Build a Better Bermuda

Build a Better Bermuda — Thu, 17 Sep 2015 13:15:53 +0000

TCD would be a local merchant, they are a local entity that you are doing business with online. The Post Office doesn’t facilitate online ordering, they just deliver what you order and charge you per package, same said for FedEx, DHL and Mailboxes. And how Tucker’s Point, PRGC and Princess fits in I am not sure.
By facilitate, I am talking about you providing the local vendor with what it is you want to order they then coordinate the online order and bringing it in, and rather than piecemeal, they would typically consolidate everything together for you overseas and then bring it in together in one shipment, in their own container/s with other items they are shipping in so as to reduce the cost for importation. With your traditional parcel delivery services, you will often find that getting in your orders can sometime cost up to 100 – 150% to land over the original cost, while facilitators can be around 50 – 75%, the trade off would be timing. So check locally first, because while you might find it cheaper online, landing it here doesn’t always make it so.

By: Family Man

Family Man — Thu, 17 Sep 2015 01:46:28 +0000

OK, by that definition we would include TCD, the Post Office, Fedex, DHL, Mailboxes, Port Royal Golf Course, Tuckers Point and The Princess hotels. Not really ‘local merchants’ though are they?

By: J Starling

J Starling — Wed, 16 Sep 2015 18:37:20 +0000

I think the report shows there’s quite a lot of potential for local retail e-commerce, as well as the importance of getting more local businesses online too. As PBanks notes, one could easily set up at least a FB page.

By: Build a Better Bermuda

Build a Better Bermuda — Wed, 16 Sep 2015 18:37:06 +0000

Wasn’t looking to advertise anyone in particular, but three others off top of my head are Price Busters, Conspec, Joshua Bates facilitate various degrees of online ordering, and I believe there are a number of other individuals that do as well.

By: Family Man

Family Man — Wed, 16 Sep 2015 17:37:42 +0000

Other than Redlaser, which local merchant caters to online shopping?

By: PBanks

PBanks — Wed, 16 Sep 2015 17:30:16 +0000

60% of local businesses have an online presence? Still seems somewhat low in this day and age. Is it (still?) cost or time prohibitive to create a basic website and or FB page?

By: Build a Better Bermuda

Build a Better Bermuda — Wed, 16 Sep 2015 17:00:28 +0000

63% of Bermudian shop online with overseas merchants and 22% shopping online with local merchants… Course this doesn’t reflect how much people use online shopping over local and I am not against online shopping outright, but buy or at least use local as much as possible, that way we support local employment.

By: sage

sage — Wed, 16 Sep 2015 16:41:35 +0000

And 100% of us are being overcharged.

By: Hmm

Hmm — Wed, 16 Sep 2015 16:23:29 +0000

I can guess how this will look it they added average cost of the Technology at the time and house income.