Huawei's Li Peng: Embracing 5.5G to advance the intelligent world

February 28, 2024 02:12 AM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ -- At MWC Barcelona 2024, Li Peng, Huawei's Corporate Senior Vice President and President of ICT Sales & Service, delivered a keynote on the strategic new opportunities that will be open to the ICT industry in an intelligent world.

"We're rapidly approaching an intelligent world," said Li. "As the demands on networks have increased, 5.5G has become a key step on the path to the intelligent world. 5.5G is expected to enter commercial use in 2024. So, let's build today's networks for tomorrow's applications to advance the intelligent world."

Embarking on the journey of 5.5G commercialization

Li explained that, over the past 20 years, informatization and digitalization have brought opportunities worth trillions of dollars for the ICT industry. Higher network requirements are needed for this intelligent world, such as uplink ultra-broadband, real-time broadband communication, and full-scenario IoT. This has driven the rapid evolution to 5.5G which will be able to enable innovative application scenarios and business models. By 2030, the intelligent economy is expected to be worth more than 18.8 trillion dollars, bringing a new wave of opportunities for the industry.

Li states that the global digital economy will bring new strategic opportunities for the ICT industry
Li states that the global digital economy will bring new strategic opportunities for the ICT industry

In China, the Middle East, and Europe, leading carriers have already verified advanced 5.5G capabilities on commercial networks. Their tests cover a wide range of scenarios, including smart connections for people, homes, vehicles, and stadiums. Furthermore, more and more 10-gigabit smart cities powered by 5.5G are popping up in locations worldwide.

At this year's MWC, Huawei is releasing a full series of 5.5G products and solutions for a wide range of different scenarios, along with the industry's first Telecom Foundation Model. This model will help carriers maximize the value of their networks, especially in areas like guaranteed network experience and automated O&M.

As evolving network technology continues to redefine information and value streams, and unleashes the power of ubiquitous connectivity, we will soon find ourselves in a fully intelligent world.

Redefining information streams: AI-powered content is driving a surge in new data traffic

Intelligent technologies are developing quickly and intelligent applications have become increasingly prevalent. This has created new opportunities for industries.

In terms of information streams, generative AI is already powering new types of connected objects and scenarios, like digital humans and intelligent cars. These new scenarios require better infrastructure, including new models for cooperative storage and computing between cloud, edge, and device. AIGC will power the creation of over 100 billion gigabytes of data, and drive over one trillion gigabytes of data traffic. Huawei predicts that, in 2026 alone, AI will be used to produce over 250 billion images and 70 million videos, completely redefining the world's approach to content creation.

Redefining value streams: Monetizing mobile services beyond connectivity

As the ICT industry sees more innovation in smart applications, demand for a reliable network experience across multiple dimensions will grow. In particular, guaranteed uplink speed, QoS, and latency will be critical to meet the diverse needs of consumers and industry customers. This will present carriers with incredible new growth opportunities, opening up new value streams worth hundreds of billions of dollars.

One Chinese carrier, for example, has launched a 5G livestream package to provide guaranteed uplink for seamless live streaming. This new service offering helped the carrier increase ARPU by more than 70%.

In the transport sector, another carrier's 5G New Calling services provide accurate real-time positioning and interaction mid-call for applications like car insurance claims. This enables car owners to complete one-stop insurance claim filing, on-site survey, and claim settlement in the event of a traffic accident. This new type of service has helped the carrier successfully monetize the B2B2C market.

Huawei calls on the industry to embrace 5.5G for a more prosperous intelligent world
Huawei calls on the industry to embrace 5.5G for a more prosperous intelligent world

Unleashing the power of ubiquitous connectivity: Creating new value for all industries

High-quality 5G network connectivity is helping carriers connect more people with more things at anytime, anywhere. Cloud phones are a great example. With greater bandwidth and lower latency, consumers can play the most compute-intensive online games and use the most advanced workplace applications far beyond the limitations of local device storage and processing power.

Advanced technologies like wide-area IoT are also changing the game for industrial applications. With a 10-fold increase in connection density and precision, the ICT sector can meet the connectivity needs of any industrial scenario, from smart grids to manufacturing, storage, and logistics.

Pioneers are paying the way towards the intelligent world. Li Peng closed out by calling on the industry to embrace 5.5G and build a solid ICT foundation for a more prosperous intelligent world.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.