At the Huawei Global Analyst Summit held on April 19, Huawei’s rotating chairwoman and CFO Meng Wanzhou stated in her speech that digitization is a new blue ocean for the entire industry chain. Huawei will continue to invest in connectivity, computing, storage, cloud, and other areas to provide customers with digital infrastructures that feature extremely simple deployment, high quality, low cost, and excellent experience.
Meng said that by 2026, global expenditure on digital transformation will reach $3.4 trillion. Both companies undergoing digital transformation and those supporting it will see a huge market.
She also stated that Huawei will work together with partners to promote digital transformation. Firstly, it will deepen cooperation with industry organizations to prosper industrial ecology through hardware openness and open-source software. Secondly, it will increase investment in partner ecology. Huawei has over 35,000 enterprise business partners and more than 41,000 cloud service partners. Thirdly, the firm will continuously cultivate digital talents. Currently, there are over 2,200 ICT colleges worldwide.
In her speech, Meng emphasized that digitization is essentially a strategic choice and planning process where successful digitization transformations are driven by strategy rather than technology.
She stated that only through scientific governance of data can the flow of data within an enterprise have meaning. Only by aggregating data from different dimensions can new values be created.
Finally, data is becoming productive, where job digitization and platform intelligence make data clean transparent aggregates, which form the basis for transformation, while intelligent platforms deepen this process further.
Huawei predicts universal computing power will grow tenfold by 2030 while AI-based computing power grows five hundred times. The total number of global nodes reaches 2 billion while the penetration rate for ten-thousand-megabyte WIFI among enterprises reaches 40%, with cloud services accounting for 87% of corporate application expenditures.