Innovation brings benefits to all industries, says Huawei top executive
MANILA – At the most recent Mobile World Congress Barcelona 2021, Huawei Executive Director and President of Carrier BG Ryan Ding said innovation in ICT is becoming a key driver of the global economic and its value is far reaching beyond the telecoms industry.
In his speech, Ding said the ongoing innovation in 5G, will provide more value to operators, the ICT industry, and the global economy and “will light up the future of every industry.”
“The pandemic, has created a new normal in which the digital economy is the driving force for the global economy. ICT infrastructure, as the cornerstone of the digital economy is playing an increasing important role,” he said. He added the value of ICT now transcends the telecoms industry and has transformative implications for the global economy in general.
He said in countries where 5G is developing faster, operators have seen faster revenue growth, and these countries tend to have better digital infrastructure overall.
China, in less than 18 months, had more than 820,000 5G base stations and Chinese operators achieved a 6.5% increase in revenue and a 5.6% increase in net profits in the first quarter of 2021. It was noted the rapid development of digital infrastructure driven by 5G will add €1.9 trillion to the Chinese economy within the next five years. The same stories are developing in South Korea and Europe.
Ding said as ICT infrastructure is the cornerstone of the digital economy in the 5G era, operators are playing a more important role than they used to.
“Currently, the major goal of operators in 5G is to achieve business success in three key markets, consumers, homes and industries through innovation in network deployment, market development, and operation optimization,” he added.
He explained in the consumer market, 5G means not just faster speed, it also brings new experiences and new value. He added some operations have already achieved initial business success.
The Huawei top executive said for operators to succeed, they should speed up 5G deployment, with targeted network planning and investment based on precise insights into high-value areas, key scenarios, and potential users. The second is to accelerate 5G user migration and the third is to crease value-driven, flexible pricing models.
It was learned 5G has been applied in over 1,000 projects in more than 20 industries including steel, mining, enabling safer and more efficient production.
“Chinese operators have made great progress and are entering the phase of taking early successes and replicating them at scale,” Ding explained. (Melo M. Acuña)