Abstract:

This paper discusses the economic impact of e-business practices, specifically related to employment of technologies in the oil and gas industry on local communities in emerging economies and discussed implications for Policy and Practice in Guyana's Oil and Gas Sector. By adopting digital technologies such as AI, IoT and blockchain as part of the E-business infrastructure, business in the oil and gas industry benefits from improvements in operational efficiency, accountability and transparency in the supply chain, and sustainable economic growth in communities because of increase employment and other socio-economic benefits. The study employed a secondary research approach to collect and analyze data form various academic and industry sources. The findings from this study reveal that robust E-business infrastructures are augmented with advanced digital technologies, and economies that adopts this strategy benefits for improved operational efficiency in the oil and gas sector, enhanced community development through employment and economic diversification. Bases on this study, the key implications and recommendations for Guyana include policy and e-business infrastructure development, and capacity building.

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