Covering Disruptive Technology Powering Business in The Digital Age

Written by: Khairul Haqeem, Journalist, AOPG

The advent of digitalisation has radically revolutionised the way we live and work. Most notably, the economic paradigms are shifting. The introduction of new technologies is radically transforming the nature of business and employment, as well as our perception of product and factor markets.

“Digital transformation has become the main engine for economic growth,” said Simon Lin, President of Huawei for the Asia Pacific region. “While digital infrastructure is the foundation,” he continued. During yesterday’s inauguration of Huawei Connect 2022 in Bangkok, Thailand, Simon gave a keynote speech titled “Unleash Digital for Sustainable Asia Pacific.”

Simon claims that Huawei has taken four consensuses into account in order to unleash the digital revolution for the economy:

• Digitalisation
  A recent report by IDC estimates a USD $13 increase in GDP for every USD $1 spent on digital transformation. Simon remarked, “By 2024, the whole Asia-Pacific region would spend roughly USD $200 billion on cloud technology.”
• Low Carbonisation
  The drive to reduce carbon emissions has emerged as a new impetus for technological development. Countries like Japan and Thailand have already revealed their roadmaps to become carbon neutral by 2050, while Singapore has released its Green Plan 2030.
• Sustainable Development
  The digital divide is still a major problem even as we move towards a more advanced society. Students in remote areas, for example, may have trouble accessing online classes and learning materials because of a lack of access to mobile phones and connectivity.
• Asia Pacific in Digital Forefront
  The Asia-Pacific region is leading the way in the digital world. McKinsey & Company estimates that the pandemic has cut seven years off of digital advancement. Today, nations in Asia and the Pacific have also joined the movement and unveiled their own versions of digital strategies spanning a 10-year timeframe.

Transforming Digital First Economy

“Digitalisation is no longer a ‘why’ question; it is rather a ‘how’ question,” Simon stated. In terms of the answers, many organisations confront a wide range of challenges and respond to these challenges using an assortment of strategies. Having said that, it’s possible that we’ve approached this matter from the wrong angle. The digital transition is inevitable, which is why digital practices have to be treated as a valued community asset.

Simon confirms that Huawei is entirely dedicated to transparent cooperation and mutual advancement. The organisation advocates for a closer relationship between government and companies in order to foster regional digital ecosystems that foster innovative partners, provide access to a larger and quality talent pool, and back new businesses.

Together with the governments of several Asia-Pacific nations, Huawei initiated a number of projects during the pandemic that aims to narrow the digital gap.

1. Green Power for Cambodia
   During the last pandemic, Huawei supplied Smart PV solar to Royal Phnom Penh Hospital to increase its use of renewable energy. More than 350 metric tonnes of carbon dioxide emissions were reduced, and the project produced more than 500 thousand kilowatt-hours of green electricity.

2. Connect the Un-connected for Malaysia
   This year, Huawei Malaysia introduced RuralStar, a cutting-edge piece of telecommunications infrastructure, to the market, with the first focus being on the agriculturally-inclined rural areas in the state of Perak. Huawei’s solar-powered connectivity device will help locals cultivate and grow their digital abilities, making them more equipped to take part in the global village.

Simon also announced the publication of a white paper titled “Digital First Economy,” which focuses on specific policy recommendations for building digital infrastructure and expanding the digital economy in the Asia-Pacific region.

Global Digital Landscape

During the closing remarks of the Huawei Connect 2022 launch session, Simon highlighted, “The Asia-Pacific region is standing at the forefront of the global digital environment. Huawei’s goal is to become an integral part of the digital economy in the area. We will continue to invest in the sector’s digitisation, sustainable development, and ecosystem expansion.”

As Huawei Connect 2022 progresses, stay tuned for more first-hand exclusives.

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