Huawei has set its sights on the digital transformation boom. CFO and current rotating chairperson Sabrina Meng told the company’s annual analyst event on Wednesday that with 170 countries rolling out transformation plans "digitalization is a blue ocean for the whole industry.” By the middle of the decade the global digital economy would drive 24% of economic growth, with digital transformation spending expected to reach $3.4 trillion, she said, citing industry research. She added “Huawei will keep investing in domains like connectivity, computing, storage and cloud." (Source: Huawei) Meng said Huawei brought to the table its technology strengths in cloud, computing and network infrastructure, and the partner ecosystems it had developed around software initiatives such as Harmony and Euler and the MindSpore AI framework. It also has a fast-growing enterprise portfolio and its continuing investment in the Pangu industrial AI platform. Huawei seeks partners Meng pointed to Xinyi Glass, China’s biggest glass manufacturer and a Huawei customer, which had shaved up to 400 million Chinese yuan (US$58million) a year off its gas bill after integrating its IT and operational data. She also referred to Huawei’s own experience in digitizing its business over nearly ten years. She said the process […]
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