In a recent announcement, Liang Yuanqing, the Chairman and CEO of Lenovo, declared that the next decade will likely be marked by the most innovative and disruptive period in the history of technology, offering unparalleled growth opportunities for both individuals and businesses. This significant statement was made during the company’s new fiscal year kickoff event, celebrating the 40th anniversary of Lenovo’s establishment. Liang’s optimism is fueled by the concurrent arrival of a monumental AI revolution, which he believes presents an unprecedented opportunity for the company.
AI’s Transformative Potential
Liang emphasizes that AI is poised to profoundly reshape not just the way we live and work, but potentially every industry. He likens AI to a personal and corporate twin, an extension of our own capabilities that can store vast amounts of data and enhance cognitive functions such as memory, judgment, and decision-making. This AI twin is designed to live on beyond our physical existence, potentially achieving a form of digital immortality.
The Personal AI Twin and Its Applications
Liang envisions the personal AI twin as a model that can be integrated into everyday devices like computers and smartphones, transforming them into platforms that house AI applications. This will essentially turn these devices into an app store for AI, providing users with a personalized experience tailored to their needs and preferences.
The Enterprise AI Twin: Powering Productivity and Efficiency
On the corporate front, the enterprise AI twin is geared towards managing and analyzing large volumes of organizational data. It supports process optimization and decision-making while ensuring data security, thereby enhancing productivity. This requires robust infrastructure, encompassing servers, networks, and storage solutions, which Lenovo is poised to provide.
The Rise of Hybrid AI: The Future of AI
Liang forecasts a future where AI is not confined to public clouds but is also deployed in local data centers, private clouds, and hybrid environments. He asserts that Lenovo is committed to building a future where hybrid AI is the norm, offering businesses a tailored solution that balances efficiency, data security, and scalability.
Strategic Focus and Innovation
To navigate this AI-driven landscape, Lenovo is doubling down on its research and development efforts, with nearly 19,000 employees dedicated to innovation. The company is committed to developing proprietary technologies and accumulating intellectual property, aiming to drive transformation across the spectrum of smart devices, smart infrastructure, smart solutions, and services.
The Launch of AI-Driven Products
As a part of its commitment, Lenovo is set to unveil AI-powered products at its Tech World Innovation Technology Conference on April 18th. This includes AI PCs, which integrate personal AI models, employ natural language interactions, and incorporate user data and privacy safeguards, all supported by an open AI application ecosystem.
Optimism for the Future
Liang Yuanqing expresses his optimism about Lenovo’s future, seeing the company as well-prepared for the explosive growth of AI. He is looking forward to a new fiscal year that will be marked by the pursuit of opportunities, acceleration of innovation, and deepening of transformation. The company’s goals for the year include achieving year-over-year growth in revenue, improving profitability, increasing the proportion of business outside of PCs, and making significant strides in AI innovation.
Strategic Goals for the Fiscal Year
- Group-wide Objectives: Aim for a year-over-year increase in total revenue, continued improvement in profitability, increased focus on non-PC business segments, and a service-oriented transformation.
- SSG Business: Aim for a 20% or more operating margin, double-digit year-over-year revenue growth, and the development and deployment of hybrid AI solutions and services.
- ISG Business: Work towards profitability and growth, leading in the hybrid AI infrastructure market.
- IDG Business: Maintain market leadership and profitability, leading the AI PC trend, and implementing a three-year growth plan for smartphones.
Lenovo’s New Mission in the Next Decade
Facing the next ten years, Liang Yuanqing affirms Lenovo’s commitment to innovation, transformation, job creation, increased exports, and contributing to corporate social value. The company is set to play a pivotal role in leading the AI revolution, embodying its vision for a future where technology enhances human potential and drives societal progress.
This forward-looking statement from Liang Yuanqing underscores Lenovo’s strategic focus on leveraging AI to redefine the technological landscape, promising a future where AI is not just a tool, but a partner that amplifies human capabilities, driving growth and innovation in both the corporate and personal spheres.
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