- As part of the efforts, Huawei will strengthen its software capabilities and invest more in businesses that are less reliant on advanced process techniques and components for intelligent vehicles.
- Huawei’s five-point strategy will also focus on providing a seamless, user-centric, and intelligent experience across all user scenarios, innovating to reduce energy consumption for a low-carbon world and addressing supply continuity challenges.
Global technology firm Huawei has embarked on a bold product and services review and enhancement programme as part of its business growth strategy to facilitate a fully connected, intelligent world.
The fine-tuning programme is geared at enhancing the firm’s digital technologies delivery capacity in the face of the global business challenges arising from the Covid-19 pandemic, among other geopolitical and economic challenges.
Speaking when he addressed the Huawei 18th Global Analyst Summit following the recent release of the firm’s 2020 Annual report, Huawei Rotating Chairman Mr Eric Xu said the firm’s 2021 growth strategy is anchored on five strategic initiatives.
The initiatives are geared at optimising the firm’s existing products and services portfolio to boost business resilience. As part of the efforts, Huawei will strengthen its software capabilities and invest more in businesses that are less reliant on advanced process techniques and components for intelligent vehicles.
The firm, Mr Xu, said will maximise the value of 5G technologies while moving to define 5.5G tech with industry peers to drive the evolution of mobile communications. The five-point strategy will also focus on providing a seamless, user-centric, and intelligent experience across all user scenarios, innovating to reduce energy consumption for a low-carbon world and addressing supply continuity challenges.
“As always, Huawei will keep creating value for its customers through quality products and services,” he said, adding that “Moving forward, we will continue to find ourselves in a complex and volatile global environment. The resurgence of COVID-19 and geopolitical uncertainty will present ongoing challenges for every organisation, business, and country. We believe deeply in the power of digital technology to provide fresh solutions to the problems we all face. So we will keep innovating and driving digital transformation forward with our customers and partners to bring digital to every person, home and organisation for a fully connected, intelligent world,” Mr Xu said.
Mr Xu noted that while 2020 had its fair share of challenges, it also came with opportunity. The pandemic ended up greatly expediting the digital transformation of organisations around the world. He added that businesses are moving to the cloud one to three years ahead of schedule. As new technologies like AI continue to mature, efforts to go digital will expand beyond the office and into production systems, bringing industries into a new intelligent upgrade phase.
As part of the business growth strategy, the firm, he explained, will focus on developing open ecosystems for shared success. Said Xu: “We believe that open collaboration is the only way forward. This is especially true in the ICT industry, where open collaboration and innovation across the entire global value chain are crucial to building greater resilience and promoting sustainable development for both businesses and society as a whole.”
