Unleash Network Potential to Inspire Business Growth
Editor’s Note: On Day 2 of the Better World Summit, Huawei’s Executive Director and President of the Carrier BG Ryan Ding gave a keynote speech. As the COVID-19 crisis continues globally, carriers need to be prepared in four areas of network construction and business development to quickly unleash network potential and inspire business growth.
1. Carriers need to maximize the value of existing networks. They should make the most of their networks and rapidly expand capacity by using software or adding boards or replacing RRUs. This can help them respond to soaring data traffic during the pandemic and optimize site TCO.
2. Carriers should focus on user experience and build the best 5G networks. The best network experience brings the biggest commercial success. In South Korea, for example, carriers are seeing lucrative gains from building the best 5G networks and offering users the best experience. Huawei will continue to help carriers deliver the best possible user experience and quickly monetize 5G network capabilities.
3. Carriers need to speed up 5G commercialization in B2B to open up more business opportunities. 5G is entering a new development phase, and the B2B market is key for carriers’ commercial success. Carriers need to choose the right industries and build new 5G capabilities targeting B2B. They also need to push for unified industry standards to accelerate 5G adoption at scale in B2B.
- To succeed in B2B, choosing the right industries is crucial. Private lines have become a quick-win use case for 5G in B2B, with more than 15 carriers having 5G private line services. Carriers can consider three factors when deciding which industries to focus on: industry attractiveness, commercial viability, and technical viability. Huawei suggests that carriers should currently focus on the mining, steel, ports, and oilfield industries when developing 5G in B2B.
- Carriers need to build 5G network planning, construction, maintenance, optimization, and operations capabilities for B2B. For example, they need to improve their network planning capabilities that target different production environments of industries, and provide products and solutions that meet industry requirements. In addition, they need to develop service and ecosystem enablement platforms, provide standardized products and services, and build viable business models.
- Carriers need to push for unified industry standards. Unified industry standards are the basis for large-scale 5G development in B2B. Cross-industry collaboration is well under way. Many industries like mining and steel have begun to communicate industry standards through methods like publishing industry white papers, establishing ecosystem alliances, and participating in standards discussion.
4. Carriers need to build future-oriented target networks. The telecoms industry needs to think hard about how their networks can be adapted to the ever-changing needs of individuals, families, and businesses as well as how to support the development of the digital economy. Huawei will continue to help carriers build future-oriented target networks to support their continued success.
Read more about Huawei’s 5G solutions for carriers and take a look at the Day 3 agenda for the Better World Summit.
Disclaimer: Any views and/or opinions expressed in this post by individual authors or contributors are their personal views and/or opinions and do not necessarily reflect the views and/or opinions of Huawei Technologies.