With the growing demand for technology among industries and economies, Dr Zhou Hong, President, Institute of Strategic Research at Huawei has underscored the importance of Artificial Intelligence(AI) to socio-economic development.

According to him, AI has become a critical tool for most industries and also supports social progress and research, advance decision making as well as help in achieving the developmental goals of industries and economies.

Speaking at the HAS 2023 virtual Summit on the theme; ‘Thrive with Digital, Striding Towards the Intelligent World’, Dr Hong explained the benefits of adopting AI while taking into consideration ethics and its role in governance.

“While AI can rapidly merge with traditional scientific computing and enabling the growth of industries, we must ensure rules to enhance AI ethics and governance. For instance, AI can be applied in mining, technology, science manufacturing and other industries which can propel many economies”.

“AI can also help advance scientific discoveries and computing which can go a long way to improve research for development. All these and more have become key to our world while taking into consideration AI ethics in a changing world”.

He also shared his outfit's hypotheses and visions for a future intelligent world, detailing how we can transform experience into structured knowledge, and lay the foundation for intelligence.

"Rethinking approaches to networks and computing is critical as we move towards an intelligent world. In networking, we have what it takes to move beyond the limits of Shannon's theorems – as well as applications of his theory – to drive a 100-fold increase in network capabilities over the next decade.

In computing, we will move towards new models, architectures, and components, and improve our ability to both understand and control intelligence. We will also continue to explore the use of AI for industry applications, science, and more," Dr Hong shared.

Deputy Chairwoman of the Board, Rotating Chairwoman and CFO at Huawei, Sabrina Meng on her part spoke about how the digital economy can serve as a key driver for global economic growth.

She noted that digitalization presents a shared opportunity for many industries, especially within the context of the fourth industrial revolution.

"Digitalization is a blue ocean for the whole industry and we will keep investing in domains like connectivity, computing, storage, and cloud."

"We aim to provide our customers with digital infrastructure that has the simplest possible architecture with the highest possible quality – that delivers the best possible experience at the lowest possible costs.

Meng continued, "Our goal is to help organizations go digital in four stages: digitizing operations, building digital platforms, enabling platform-based intelligence, and putting intelligence to use. The time is ripe to thrive together in this new and exciting digital future"

The 20th annual Global Analyst Summit was attended by more than 1,000 industry analysts, financial analysts, key opinion leaders, and media representatives from around the world, who gathered to discuss the status of the ICT industry, including development strategies, roadmaps for digital transformation, and future industry trends.

MA/FNOQ