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In an era powered by 5G, cloud, and AI, how can we drive the digital transformation of vertical industries and enable the telecom industry as a whole? How will business models evolve? To truly enable real-time, efficient, and agile operations in vertical industries, we need to consolidate industry-specific know-how on cloud-based digital platforms and use a mix of digital technologies.
Liang Hua, Huawei Chairman
2019 was a critical year for the telecom industry. As 5G commercial rollout ramped up in both speed and scale, we saw a rapid growth in end users. 5G will be integrated into different vertical industries, enabling numerous innovative applications and practices.
Over the past year, I have reached out and talked to a variety of industries. One thing is obvious from our engagement: Emerging technologies like 5G and AI are transforming and redefining every industry, and they’re playing a key role in driving economic transformation and development. But how will 5G and AI drive the digital transformation of vertical industries? How will they enable the telecom industry as a whole? How will business models evolve in the 5G era? I'd like to share how we at Huawei look at those three questions.