Digital transformation creates unprecedented opportunity in 2020: Huawei

Special Correspondent

27 September, 2020 12:00 AM printer

The 5G technology, cloud, AI, computing, and industry applications have been created unprecedented opportunities for Asia Pacific’s digital transformation.

Jay Chen, Vice President of Huawei Asia Pacific came up at the annual HUAWEI CONNECT conference Friday. 

“The synergy of the five tech domains will change all industries – whether it be transportation, finance, or energy – and create new value for our region,” according to him.

Huawei at the annual HUAWEI CONNECT event unveiled a paradigm shift for industrial digital transformation, with the aim of cultivating a robust ecosystem and scenario-specific solutions for a future intelligent society in the Asia Pacific region.

The new paradigm, according to the global leading tech company, features a digital ecosystem that creates and shares value for industries, with the synergy across connectivity, computing, cloud, AI, and industry applications.

According to the IDC Worldwide Semiannual Digital Transformation Spending Guide, Asia Pacific spending for digital transformation in 2019 was over US $380 billion, with an expected annual compound growth rate from 2017 to 2022 of 17.4 percent.

“APAC is home to some of the world’s fastest-growing economies, 60 percent of the world’s population, and about 50 percent of global internet users. Our region is not only leading the world’s digital innovation, but also has a great opportunity to leapfrog with the synergy of these new technologies,” said Jay.

At the Asia Pacific Ascend Ecosystem Online Forum on Friday, Huawei revealed that its APAC Ascend Partner Program, aiming to build an innovative and sustainable AI ecosystem.