Telecom

Huawei TrustInTech Summit 2020: Shared Prosperity Enabled by Trust in Technology and Open Collaboration

Monday, 14 December 2020 11:49
Ryan Ding, Executive Director of the Board, President of Carrier BG, Huawei. Ryan Ding, Executive Director of the Board, President of Carrier BG, Huawei.

(HUAWEI) - Huawei hosted its second annual TrustInTech Summit, which was attended by ICT industry experts, academia and economists from around the world. Speakers included Huawei's Executive Director of the Board and President of the Carrier Business Group, Ryan Ding, international investor Jim Rogers, GSMA CMO Stephanie Lynch-Habib, and others. Focusing on the new challenges the world faced in 2020, the Summit highlighted ICT's critical role as the key digital infrastructure to support societal wellbeing and economic recovery. Given the rising trend of technology decoupling, the Summit emphasized the need to embrace open collaboration, as well as the call to defeat the unnecessary fear of adopting new technologies.

In 2020, ICT played a vital role in resuming work and production during the pandemic. Meanwhile, 2020 has witnessed the exponential growth of 5G business applications. Global consultancy firm STL Partners estimated that 5G-enabled scenarios will raise the global GDP by US$1.4 trillion by 2030.

At the Summit, STL Partners co-founder Chris Barraclough stressed the transformative role of 5G in manufacturing, energy, and healthcare sectors. Huawei Enterprise’s digital transformation expert Edwin Diender also concurred, explaining the role of how 5G, AI, big data, and cloud computing pushed for faster drug screening and diagnosis, intelligent monitoring, and remote working and education during the pandemic.

 stephanie

Stephanie Lynch-Habib, GSMA Chief Marketing Officer

 

GSMA CMO Stephanie Lynch-Habib shared that 5G's rollout in 2020 brought over 100 5G networks in 47 countries, and some regions are leading in making 5G a mature application. 5G will influence consumer-oriented industries such as e-commerce, as well as boosting innovative services like virtual reality and augmented reality. Standard network slicing models and edge computing will provide high reliability, low latency, high throughput, and service customization. "Our working groups are continually supporting and enhancing global standards," stressed Lynch-Habib.
During the virtual, live streamed event, Huawei Carrier Business Group CTO Paul Scanlan called 2020 a ‘Sputnik’ moment. "Similar to how the first man-made satellite Sputnik was successfully launched in 1957, bringing humanity into the age of space exploration, as 5G matured in 2020, everything changed," said Scanlan. "The industry began to accelerate 5G adoption, offering spectrum discounts, innovating business models, and driving industry transformation. That's never happened in the last 10 years."

Several guests at the event commented on early adoption and major technological breakthroughs by saying there has always been a mistrust and fear of new things. For example, during the Industrial Revolution in the 19th century, as there was fear for automated production, factories were destroyed. As the events in 2020 led to more isolation and nationalism, there’s been a rise against transnational cooperation, and more countries are closing their doors and decoupling from each other over technology.

jim

Jim Rogers, International Investor

 

"Anybody taking a unilateral approach to anything, certainly to technology and economics, are going to have problems," said international investor Jim Rogers. "Foreign policy should be around opening. We need to avoid protectionism, especially in technology." He also said that protectionism was bad for the world as seen throughout history.

Professor Jin Keyu of the London School of Economics also echoed during the Summit, "[In today's world], it's less about competition, rivalry, and substitution, and more about collaboration, complementarity, and cooperation."

At the end of the summit, Ryan Ding, Huawei's Executive Director of the Board and President of the Carrier Business Group, emphasized that an open and trusted ecosystem is required for everyone to share the prosperity brought by technology. To do so, the ICT industry needs to continue adopting unified technical and security standards. Given the current complex geopolitical environment, he stressed, “Politics should stay away from technical issues. We need to remain fair and open to drive technological cooperation. Industry cooperation is not a zero-sum game. If an isolated approach is adopted now, while new technology is unlocking social and business value at a faster rate, the victim will not be one company.”

 

About Huawei
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world. Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go. For more information, please visit Huawei online at www.huawei.com.

logohuaxei2





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.