Huawei has announced its intentions to spend $3.4 trillion by 2026 in an effort to bolster its digital transformation initiatives. This was announced at Huawei’s 20th Global Analyst Conference in Shenzhen, China by Meng Wanzhou, the rotating chairwoman and CFO of Huawei.
In this new era of digital transformation, the ways in which people understand the world and create are changing. This is having a deep impact on industrial innovation and economic development.
Digitalisation is a new blue ocean for the whole ICT value chain. Enterprises that are going digital and enterprises that are helping others go digital will have huge addressable markets and huge economic benefits. Huawei will keep investing in domains like connectivity, computing, storage, and cloud.
We aim to provide our customers with digital infrastructure that has the simplest possible architecture and the highest possible quality, delivering the best possible experience at the lowest possible costs.
Our goal is to help organisations go digital in four stages – digitising operations, building digital platforms, enabling platform-based intelligence, and putting intelligence to use. The time is ripe to thrive together in this new and exciting digital future.
Meng Wanzhou, Vice Chairwoman, Rotating Chairwoman, and CFO, Huawei
First, strategy is essential. At its essence, digital transformation is about strategic planning and strategic choices. Any successful digital transformation has to be driven by strategy, not technology.
Second, data is the foundation. Data only creates value when it flows across an organisation, so methodical data governance is key. Integrating data across different dimensions will create even greater value.
Third, intelligence is the destination. Data is redefining productivity. Digitising operations and building digital platforms helps clean, visualise, and aggregate data, laying the foundation for digital transformation. Putting intelligence to use makes data on-demand, easier to understand, and actionable, taking digital transformation to the next level.
Going digital has to align with an organisation’s strategic direction – help realise its strategic vision and predefined business goals. During the digitalisation process, organisations will inevitably start incorporating new tools and technologies into their business, but these are only a means to an end.
Meng Wanzhou, Vice Chairwoman, Rotating Chairwoman, and CFO, Huawei
