The Case for Reshaping Traditional Industries with Tech

Credit: Huawei Digitalization is everywhere. Be it in the energy industry, e-government services, manufacturing, or logistics, the fourth industrial revolution is having a profound impact. Thanks to AI, 5G-A, cloud, and other technologies, the physical world is merging with the digital world. The rapid adoption of these technologies is contributing to driving efficiency, reducing operational costs and improving end-user experiences across vertical industries, all contributing to measurable economic improvements. According to Forrester , the global digital economy will reach $16.5 trillion and capture 17% of global GDP by 2028. Similarly, PWC projects that with the broader spillover effect of technology, the digital economy can reach up to 25% of GDP globally. This is something that Huawei has been focused on for some time. The new Global Digitalization Index or GDI jointly created with IDC measures the maturity of a country’s ICT industry by factoring in multiple indicators for digital infrastructure, including computing, storage, cloud, and green energy. This research found that a one-US-dollar investment in digital transformation results in an 8.3-US-dollar return in a country’s digital economy. “Our hope is that the GDI will give every country a clearer vision of and plan for its digital and intelligent transformation,” […]

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