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| Huawei Named as One of the World’s Most Innovative Companies for 2020 |
The list released by Boston Consulting Group named Apple, Alphabet, Amazon, Microsoft, Huawei, Alibaba, Sony, and Facebook as the topmost innovative firms of the year.
The said ranking was determined through a survey with 2,500 global innovation executives as the respondents. The survey assessed the participating companies’ performance based on four dimensions, which include Global “Mindshare,” Industry Disruption, Industry Peer View, and Value Creation.
For this year, BCG introduced a new scoring pillar which evaluated a company’s ability to breach established industry entry barriers and play in an array of markets beyond its own.
Also Read: Huawei Boosts AI Ecosystem in the Asia Pacific Through Ascend Partner Program
Huawei, the world’s largest supplier of telecommunications equipment, has since been committed to research and development. In fact, over the years, it has invested over 10% of its annual revenue to R&D. In 2019, the company’s R&D expenditure totaled CNY131,659 million, accounting for 15.3% of its total revenue.
The company has also earned its position as a leader in 5G, a fruitful result of its investment in the said next-generation technology in the past decade, which has accumulated in US$ 4 billion.
The brand also continues to produce timely solutions through innovation. When COVID-19 hit the globe, Huawei launched the Anti-COVID-19 Partner Program, which banked on artificial intelligence, remote office, smart healthcare, and online education in line with the battle against the disease.
Among these innovations is its AI-assisted diagnosis, which could produce CT quantification results in seconds, an essential tool that will help medical frontliners and hospitals to detect coronavirus infections.