Thursday, June 8, 2023
  • HOME
  • MARKETS & COMPANIES
  • BUSINESS & ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • ROAD TRANSPORT
    • SMEs
    • STARTUPS
    • TECH
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • FEATURES
  • AE MAGAZINE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
Financial Street
No Result
View All Result

‘Shared prosperity enabled by trust in technology, open collaboration’

Ehime Alex by Ehime Alex
December 21, 2020
in INNOVATION
0
Shared prosperity enabled by trust in technology, open collaboration
0
SHARES
32
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Information and communication technology is vital to societal well-being and economic recovery, assert experts, academia, and economists from around the world.

Among them are Huawei’s Executive Director of the Board and President of the Carrier Business Group, Ryan Ding, international investor, Jim Rogers, among others.

READ ALSO

Uber Eats celebrates fourth anniversary with 5.2% growth in Kenya

NFTs: Goldmine in Nigeria’s art space

They stressed this at the second annual Huawei’s TrustInTech Summit, held recently.

The summit focused on new challenges the world has faced in 2020 and emphasised the need to embrace open collaboration, as well as the call to defeat the unnecessary fear of adopting new technologies.

Huawei Enterprise’s digital transformation expert, Edwin Diender, explained how 5G, artificial intelligence, big data, and cloud computing pushed for faster drug screening and diagnosis, intelligent monitoring, remote working, and education during the pandemic.

“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,” Ding said.

Another expert, Stephanie Lynch-Habib, sharing how 5G’s roll-out in 2020 brought over 100 5G networks in 47 countries, said, “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 customisation.”

Also speaking during the summit was Huawei Carrier Business Group Chief Technology Officer, Paul Scanlan, who called 2020 a ‘Sputnik’ moment. 

He said, “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.

“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.”

Tags: 5G networksHuawei Enterprise’s digital transformationHuawei’s TrustInTech Summit

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Uber Eats celebrates fourth anniversary with 5.2% growth in Kenya
INNOVATION

Uber Eats celebrates fourth anniversary with 5.2% growth in Kenya

June 28, 2022
NFTs: Goldmine in Nigeria’s art space
INNOVATION

NFTs: Goldmine in Nigeria’s art space

May 30, 2022
Nigeria: Behind broadband penetration target
Telecoms

Nigeria: Behind broadband penetration target

May 30, 2022
Taking the 'Russophobic' threat seriously
Front Page

Taking the ‘Russophobic’ threat seriously

April 4, 2022
Gaining financial freedom via tech
Front Page

Fintech listings on NGX: The underlying issues

March 8, 2022
Data security concerns amid cloud adoption
Front Page

Data security concerns amid cloud adoption

February 21, 2022
Next Post
CBN warns Nigerians against falling victim to cybercrime

CBN revokes 42 microfinance banks’ licences


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Obiano celebrates children, urges parents to prioritise education

Obiano celebrates children, urges parents to prioritise education

May 31, 2023
May 25: Why Politics Matters for Africa’s Development

May 25: Why Politics Matters for Africa’s Development

May 26, 2023
celebrates

Technocracy: Roadmap to successful Nigerian economy

May 19, 2023
failure

Governance failure kills basic services, says Ezekwesili

April 28, 2023
foreign

Eminent Nigerians, foreigners to honour Ezekwesili at birthday symposium

April 26, 2023
Ezekwesili

Oby Ezekwesili: The joys of sacrifice

April 25, 2023
Muslim

Obiano felicitates with Muslims, urges unity among Nigerians

April 21, 2023

TRENDING

  • naira devaluation

    What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • Why Nigerian consumers prefer foreign goods

    0 shares
    Share 0 Tweet 0
  • NGOs: Encouraging vocational training beyond formal education

    4 shares
    Share 4 Tweet 0
  • Why big and small businesses are turning to digital marketing

    5 shares
    Share 5 Tweet 0
  • Impact of fintech on Nigerian economy

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • MARKETS & COMPANIES
  • BUSINESS & ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • ROAD TRANSPORT
    • SMEs
    • STARTUPS
    • TECH
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • FEATURES
  • AE MAGAZINE
  • CORPORATE RENDEZVOUS