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Digitizing economies with innovative tech
The Economist’s think tank predicts that the global economy will increase
by a modest 2.7 percent in 2016, continuing the sub-3 percent growth rate that
has characterized global GDP since 2011. In contrast, the global digital economy
is growing at an astonishing 10 percent every year, and is accompanied by an
unprecedented revolution across the planet as more countries realize that
national economic development shouldn’t just focus on GDP – it also needs to
consider the quality of economic growth.
Over the last decade or so, the rapid development of ICT has delivered high
broadband network penetration and availability. A huge amount of data has been
accumulated as a result of Internet-based business innovation, which is laddering-
up stages of national innovation from foundation to Internet to data.
More nations have come to understand that digital infrastructure is the key
to accelerating the transformation to a digital economy. Whether it's Germany’s
Industry 4.0, Singapore’s Smart Nation, or Digital Malaysia, each initiative is
basically the same. In the future, broadband, data centers, cloud computing and
the Internet of Things (IoT) will drive the development of each other, pushing
society from Data Innovation to a more intelligent, efficient and collaborative
innovation period – Augmented Innovation.
Huawei estimates that by 2020, a new All Cloud era with cloud computing,
IoT, big data analytics, and AI will come into being, which will usher in an
unprecedented wave of innovation that will transcend physical limits. In this new
era, technological development will streamline everything and be prioritized over
strategic design, and transform every vertical through full digitalization and
cloudification.
However, economic digitization cannot be achieved overnight. Currently, 41%
of businesses in the EU are non-digital, with fully-digitized enterprises accounting
for only 2% of the total. With the key technology enablers advancing rapidly, a
new horizon is upon us. Be it governments, enterprises or individuals, each party
should harness this tide of tech development, both for economic advancement
and a sustainable tomorrow.
Sponsor:Corporate Communications Dept.Huawei Technologies Co., Ltd.
Editor-in-Chief:Sally Gao ([email protected])
Editors:Gary Marcus Maidment, Linda Xu Julia Yao, Kyra Mi, Pan TaoXue Hua, Chen Yuhong, Cao Zhihui
Art Editor:Zhou Shumin
Contributors:Ryan Ding, Zou Zhilei, Zeng Jiehua He Zhe, Fang Mingyue, Liu Jingjing
E-mail: [email protected]
Tel: +86 755 28786665, 28787643Fax: +86 755 28788811Address: B1, Huawei Industrial Base,Bantian, Longgang, Shenzhen 518129, China
Publication Registration No.:Yue B No.10148
Copyright © Huawei Technologies Co.,
Ltd. 2016.All rights reserved.
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Sally Gao, Editor-in-Chief