Huawei outlines success factors for ICT innovation

Technological innovation is happening at an extremely rapid pace, fueling endless opportunities for social development and progress, said Ken Hu, rotating CEO and deputy chairman of Huawei, speaking at the Forbes Global CEO Conference in Dubai.
“The concepts of user-centricity, value creation, and open collaboration are critical success factors that have long been practiced by Huawei as they have formed our three-pronged innovation strategy.”
The annual Forbes Global CEO Conference serves as a platform for some 400 influential CEOs, tycoons, entrepreneurs and thought-leaders to exchange insights and build relationships. Under the theme of ‘The Race Ahead,’ this year’s conference examined how we can face critical challenges in the global competition for prosperity.
As part of the ‘Fast Track with Technology and Innovation’ panel discussion, Hu shared how new technologies and innovations are driving revolutionary change across the world and the challenges this brings to the ICT industry.
“Successful innovation begins by getting into the mindset of the customer. Only then can we develop and provide truly inspired, easy-to-use products and services. Consumers will continue to demand faster, more powerful and more intuitive mobile interfaces and experiences. To meet this demand, the integration of ICT is critical,” said Hu.
“The goal of innovation is to create value. A new technology will not make the desired impact unless it is able to add value to the lives of its users; and, when successful, it will inspire even more innovation,” he said.
“Open collaboration is another factor stimulating innovation. Sharing knowledge, information, experiences and capabilities saves duplicated efforts and investment, and makes room for new ideas.”
Ken Hu also shared his views on changing consumption models and two major challenges the ICT industry faces — the maturity of business models and cross-industry readiness.
“It is necessary to find a sustainable profit model that can turn innovation into a successful commercial product,” said Hu.