On June 28th, Huawei's rotating chairwoman and CFO, Meng Wanzhou, delivered a speech at the 2023 MWC Shanghai. Meng observed that global commercialization of 5G has entered its fourth year, and from households to various industries, it can be seen that 5G has transformed consumer and manufacturing sectors.
Regarding the transformation in consumer sector, Meng noted that 5G has changed consumer shopping habits and improved the shopping experience through live-streaming e-commerce and other means. Recommendations based on AI algorithms can also significantly enhance the shopping experience by better matching user preferences. From a consumer's perspective, 5G combined with cloud technology enables users to complete transactions at very low costs.
From a business perspective, in the past, marketing and promotion required certain costs before profitability could be achieved through economies of scale. However, today, some enterprises are shifting their marketing investments to improving the quality of their products. This is due to the decentralized nature of user comments and sharing, which enables businesses to quickly establish their reputation.
Meng believes that 5G technology is undergoing a turning point from quantitative to qualitative changes, leading to the emergence of various new business models.
When it comes to 5G's application in the manufacturing sector, however, Meng noted that the difficulty of implementing 5G-to-Business has been underestimated, and the empowerment it brings to various industries is different from that of 2G/3G/4G. 5G can only achieve large-scale applications when it becomes an integral part of the production system.
Meng stated that Huawei's understanding of 5G lies in matching key technologies catering to different use scenarios. 5G application scenarios can be categorized into mobile, transportation, manufacturing, energy, and video. Each scenario requires tailored customization to match its specific characteristics. System integration capability, which requires integrating cloud, network, software, hardware, chips, and terminals, is the inevitable path for all new technologies to become productive.
