Founded in 1987, Huawei is a leading global provider of information and communications

Digital transformation of industries has accelerated during the pandemic 
The COVID-19 pandemic will change the world 
permanently. One leading consulting firm foresees 
six changes following the pandemic: (1) financial 
predictability and flexibility (greater dynamism in 
revenue and procurement forecasting, cost controls, 
investment, and financing); (2) digital-first customer 
engagement models; (3) working from home and 
teleworking as the new normal; (4) technology-
enabled operating models; (5) new business continuity 
plans; and (6) data-driven business models.
The pandemic has forced governments and businesses 
to accelerate their digital transformations and move 
to the cloud one to three years ahead of schedule. As 
new technologies like AI continue to mature, efforts 
to go digital will expand beyond the office and into 
production systems, bringing industries into a new 
phase of intelligent upgrade.
Internet companies spearheaded the first wave of this 
transformation process. In the second wave, traditional 
industries – especially finance, manufacturing, 
education, and healthcare – are optimizing the value 
of their data by moving their production management 
systems onto the cloud and streamlining the flow 
of data throughout their organizations. As these 
industries transform, new digital technologies like 
5G, AI, cloud, and IoT are converging to create new 
business models, boost user experience, and improve 
operating efficiency.

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