Huawei Announces Four Grand strategy Directions of Finance and Firmly Invests in GaussDB Database

On June 8, it was reported that Huawei recently announced the four Grand strategy directions of Huawei finance at the Global Smart Finance Summit, and said that it would unswervingly invest in the GaussDB database and work with its industrial partners to give the world a better choice.Vice Chairman and rotating Chairman of Huawei CFO Meng Wanzhou said: "For decades, Huawei has gone deep into the essential research of communication and Theory of computation, and has continuously invested and explored in fields such as mathematics and algorithms, chemistry and material science, physics and engineering technology, standards and patents

On June 8, it was reported that Huawei recently announced the four Grand strategy directions of Huawei finance at the Global Smart Finance Summit, and said that it would unswervingly invest in the GaussDB database and work with its industrial partners to give the world a better choice.

Vice Chairman and rotating Chairman of Huawei CFO Meng Wanzhou said: "For decades, Huawei has gone deep into the essential research of communication and Theory of computation, and has continuously invested and explored in fields such as mathematics and algorithms, chemistry and material science, physics and engineering technology, standards and patents. On this basis, we can build root technology advantages in computing and connecting these two industries. We believe that only the continuous investment and pressure investment around root technology can make our solutions Continuously creating immeasurable value for customers. Huawei will continue to deepen its cooperation with partners, allowing more partners and developers to participate in the innovation of digital products and solutions

Zhang Ping an, the executive director of Huawei and CEO of Huawei Cloud, officially released the new generation of Distributed database GaussDB. He stated that Huawei began investing in database research and development as early as 2001, and currently GaussDB has been applied in Huawei's internal IT system and multiple industry core business systems. In the future, GaussDB will delve deeply into financial scenarios and become a better choice for financial customer databases through comprehensive innovation; And move from the financial industry to other industries with high requirements for databases, from China's innovation scenarios to global customers, providing the world with a better choice.

Cao Chong, CEO of Huawei's Digital Finance Corps, said, "Connectivity will soon exceed one hundred billion yuan. Data is exploding at the ZB level, AI computing power is entering the ZFLOPS era, artificial intelligence is accelerating across inflection points, leading the transformation of technology and services. We need to prepare for the intelligent era, rethink our connectivity, data capabilities, application capabilities, and infrastructure, actively embrace digital technology, and build a core competitiveness for the future

Huawei has strategically invested in technology, deeply rooted in the financial industry, and announced four Grand strategy directions: building infrastructure resilience, accelerating the modernization of applications, leaping up the digital intelligence of decision-making, and helping business scenario innovation:

1. Continuously improve ICT products and product portfolios, and strengthen the resilience of digital infrastructure;

2. Assist customers in accelerating application modernization and enabling their business agility;

3. Deeply cultivate data intelligence to help customers improve their ability to use data and make intelligent decisions;

4. Utilize the collaborative advantages of cloud management edge and multi technology to assist in customer business scenario innovation.

Focusing on strategic direction, delving into scenarios, and comprehensively working with partners to create systematic solutions, we assist customers in establishing agile, experiential, and collaborative full connectivity, achieving real-time, integrated, and shared data intelligence, and building ubiquitous full scenario financial services.

During the summit, Huawei also signed cooperation agreements with multiple financial institutions on site, upgraded the innovative technological capabilities of multiple ICT products and product portfolio solutions, and released multiple solutions such as distributed new core solution 3.0, financial data intelligence solution 3.0, industrial finance movable property financial warehouse solution, as well as industry finance innovation and sharing plans. Huawei actively collaborates with the industry to comprehensively promote digital talent cultivation. In the next three years, it will further deepen cooperation with customers, industry associations, and partners to cultivate 50000 digital talents for the industry.

As of now, Huawei has served over 3300 financial clients in over 60 countries and regions worldwide, including 50 of the top 100 banks worldwide. (Quiet)