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Huawei: "New technologies will cut costs greatly"

Friday, October 26, 2018

Advanced technologies such as the Internet of Things, robotics, augmented reality and 3D printing will greatly reduce costs, increase efficiency and drive economic growth.

Last September in New York, during the United Nations General Assembly, technology for inclusive growth was firmly on the agenda. World leaders agreed that businesses played, and will continue to play, a crucial role in aiding growth, investment, and development.

Technological advancement was mentioned as a driver for growth, enabling a wide array of opportunities, from local innovation to job creation. Yet many people still don't have access to technology and can’t fully enjoy its benefits. According to Huawei’s Global Industry Vision 2025 report, released earlier this year, there are still:

  • 5 billion people around the world who don't have a smartphone, and
  • just 40% of homes with access to broadband.

The Broadband Commission for Sustainable Development, set up by the International Telecommunications Union (ITU) and UNESCO, says that half of the world's population should be connected to the Internet by the end of 2019. Nevertheless, this will still leave 3.8 billion people unconnected.

This means that we all need to work together to bridge this digital divide and drive together the digital transformation of industry and society. At Huawei, we are fully aware that digital transformation can only succeed if it is accepted by society and harmoniously combined with existing traditions.

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