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TrustInTech Global Summit 2020 calls for Shared Prosperity Enabled by Trust in Technology and Open Collaboration

TrustInTech Global Summit 2020 calls for Shared Prosperity Enabled by Trust in Technology and Open Collaboration

Huawei hosted its second annual TrustInTech
Summit, which was attended by ICT industry experts, academia and economists from
around the world. Speakers included Huawei's Executive Director of the Board and
President of the Carrier Business Group, Ryan Ding, international investor Jim Rogers,
GSMA CMO Stephanie Lynch-Habib, and others. Focusing on the new challenges the
world faced in 2020, the Summit highlighted ICT's critical role as the key digital
infrastructure to support societal wellbeing and economic recovery. Given the rising trend
of technology decoupling, the Summit emphasized the need to embrace open
collaboration, as well as the call to defeat the unnecessary fear of adopting new
technologies.

In 2020, ICT played a vital role in resuming work and production during the pandemic.
Meanwhile, 2020 has witnessed the exponential growth of 5G business applications.
Global consultancy firm STL Partners estimated that 5G-enabled scenarios will raise the
global GDP by US$1.4 trillion by 2030.

At the Summit, STL Partners co-founder Chris Barraclough stressed the transformative
role of 5G in manufacturing, energy, and healthcare sectors. Huawei Enterprise’s digital
transformation expert Edwin Diender also concurred, explaining the role of how 5G, AI,
big data, and cloud computing pushed for faster drug screening and diagnosis, intelligent
monitoring, and remote working and education during the pandemic.

GSMA CMO Stephanie Lynch-Habib shared that 5G's rollout in 2020 brought over 100
5G networks in 47 countries, and some regions are leading in making 5G a mature
application. 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 customization. "Our working groups are continually supporting
and enhancing global standards," stressed Lynch-Habib.