Huawei plans to boost investment in innovation to build new products, to enhance and accelerate new technologies. The company held its 19th annual Global Analyst Summit in Shenzhen from April 26 to 27.
“For more than 30 years, Huawei has been innovating nonstop to create value for our customers and society. Innovation has become a core part of Huawei’s DNA. Despite considerable operational challenges over the past few years, we have continued to steadily increase our investment in R&D. For nearly a decade, our strategy has been to re-invest at least 10% of our annual revenue back into R&D. Last year, we invested 22%,” Huawei’s Rotating Chairman Ken Hu said during the event.
Hu went on to discuss the specific initiatives that Huawei is working on to realize its vision for the future. “We are currently focusing on three areas: strengthening our approach to innovation, equipping all industries with the tools and knowledge they need to go digital, and helping build a low-carbon world.”
According to him, Huawei sees two major trends: all industries are going digital, and the world is setting its sights on low-carbon development. “Needless to say, no organizations these days are asking themselves whether or not they ought to go digital. They’re more concerned about how to go digital and how to do it well.” Said Hu.
In Huawei’ view, the ICT and finance industries were first-movers, so their transformation goes deep – all the way down to their core production systems. Industries like electric power, fuel, and manufacturing are using digital technology to solve production challenges, whereas the digital journey of industries like real-estate, construction, and agriculture has only just begun. Because these industries are at different stages of the transformation process, they naturally have different concerns.
For the past 10 years, “we’ve been going through our own digital transformation. We’ve gained a lot of valuable experience along the way,” Hu said.
Moving forward, Huawei is taking active steps to boost its business resilience and ensure steady development. “We have to keep the ball rolling through nonstop innovation, creating value for customers and society,” said Ken Hu. “We look forward to working more closely with our customers and partners to build a greener intelligent world.”
