dcn-eu logo
Story image

Huawei ranks #6 among world’s most innovative companies for 2020

Huawei has been ranked amongst the world's most innovative companies for 2020, placing 6th in a new report from Boston Consulting Group.

BCG’s recently released list of the 50 Most Innovative Companies in 2020 named Apple, Alphabet, Amazon, Microsoft and
Huawei occupy the top spots, followed by Alibaba, IBM, Sony and Facebook.

This is the highest ranking for the Huaweu, moving up 42 places since it first made the list in 2012.

The ranking is based on a survey of 2,500 global innovation executives and assesses companies’ performance on four dimensions of Global “Mindshare”, Industry Disruption, Industry Peer View and Value Creation. 

This year, BCG also added a new scoring dimension that captures each company’s variety and intensity of boundary breaking, by assessing its ability to breach established industry entry barriers and play in an array of markets outside its own.

"When we began the research for this 14th edition of BCG’s Most Innovative Companies report, COVID-19 had not yet emerged," the BCG report says. 

"As we explored the data and interacted with clients, however, it became clear that this year’s core findings—about the advantages of scale and the imperative for serial innovation—may be even more relevant today as innovation leaders need to adapt to rapidly shifting patterns of supply, demand, consumer behaviour, and ways of doing business."

As the world’s largest supplier of telecommunications equipment, Huawei has continuously invested over 10% of its annual revenue back into R&D. In 2019, the company’s R&D expenditure totaled CNY131,659 million, accounting for 15.3% of its total revenue.

In terms of 5G, Huawei invested 4 billion USD in the past decade, which makes it the global leader in this next-generation technology. 

To further commercial adoption and promote new innovation in 5G applications, the company has established 5G joint innovation centres together with carriers worldwide.

According to its annual report, the tech giant is shifting itself from an innovation 1.0 model to Innovation 2.0, which means breakthroughs in basic theory and developing new basic technologies, driven by shared vision for the future. 

In the global fight against COVID-19, Huawei doubled down its innovation efforts and launched the Anti-COVID-19 Partner Program that focuses on AI, remote office, smart healthcare and online education, to support the fight against the pandemic. Its AI-assisted diagnosis, for example, could output CT quantification results in seconds and help frontline medical staff detect COVID-19 cases.

Story image
Former VMware COO jumps ship to Nutanix as new CEO; VMware begins litigation
Former VMware COO Rajiv Ramaswami has been caught up in litigation from his former employer, which alleges that he breached contractual obligations after jumping ship to Nutanix as its new CEO.More
Story image
Hitachi Vantara makes play at midsized market with latest offerings
Hitachi Vantara has announced the expansion of its E Series line of high performance NVMe all-flash arrays, additions to the HNAS family of NAS solutions, and introduced the Hitachi Virtual Storage as a Service aimed at midsized enterprises.More
Story image
Oracle releases new version of converged database
Contains more than 200 updates, including immutable blockchain tables, In-Database JavaScript, native JSON binary data type and more.More
Story image
OVHcloud, IBM, Atempo Group develop tape-based SaaS for data centres
The offering will be based on IBM’s 3592 enterprise tape technologies and leverage Atempo’s Miria platform, while OVHcloud will host and operate it through data centres in the French territory.More
Story image
Juniper Networks and Turk Telekom Group work to develop Open RAN 5G ecosystem
Juniper Networks and Turk Telekom Group have completed their technology and commercial partnership, designed to support the development of the Open RAN 5G ecosystem.More
Story image
Nutanix takes out winning spot in Gartner's HCI Magic Quadrant
Nutanix was recognised for its hyperconverged infrastructure software capabilities. The company is also positioned furthest to the top, as compared to all vendors.More