BOE Drives Business Evolution Based on Industrial Development | Doubled Sales in the Next Three Years

As the key trigger point of the fourth industrial revolution, artificial intelligence will become the only way to realize the major scientific and technological breakthrough of mankind in the future. It will affect the progress of internet of things and gene technology and profoundly change human and human society. Wang Dongsheng, chairman of BOE, BOEIPC · 2017 (BOEIPC · 2017) 'pointed out that BOE is based on the trend of industrial development to continuously promote business evolution.In the past 5 years, BOE has been Display technology Based on the development of information exchange, human health-related sensor devices, the formation monitor Pieces, three systems of wisdom and health services.

2016 is seen as the first year of ArtificialNarrowIntelligence, while Wang Dongsheng defined 2016 as the year when the Internet of Things (IoT) started. The Internet of Things (IoT) 1.0 will release huge market power. McKinsey estimates that by 2030 In 2006, the Internet of Things market will reach 27.6 trillion US dollars, which is more than 20 times the size of the Internet of Things market in 2017. Similarly, WHO predicts that by 2030, the global health services market will grow from 90,000 in 2017 One hundred million U.S. dollars has risen to 20 trillion U.S. dollars, of which the global market compound annual growth rate is 6%, while the Chinese market will grow by more than 10%.

Although the Internet of Things market is huge, there are still huge challenges.Wang Dongsheng pointed out that to seize the opportunities in the Internet of Things, we need a more powerful capability of information collection, transmission, calculation, storage and display, which is more scientific, rational, efficient and continuously optimized Algorithm support, and high-quality big data and information security assurances.

In response to the advent of the Internet of Things era, BOE has repositioned itself and, in the context of moving towards a smart society, BOE is advancing enterprise innovation, transformation and development along the lines of 'application integration' and 'model evolution.' Wang Dongsheng pointed out: BOE is an Internet of Things company that provides smart port products and professional services for information exchange and human health.


At present, BOE owns monitor Pieces of wisdom system and health services three business.Jin Dongfang CEO Chen Yanshun said that in terms of information exchange and human health of these two businesses, BOE will be adopted Display technology , Sensing, artificial intelligence, big data, the four major breakthroughs in core technologies to achieve market-leading goals in smart port and professional services, the two product dimensions, BOE will continue to cultivate new applications market, improve product competitiveness and other ways , To achieve the dominant position of market segments.Based on this, BOE will promote the transformation and evolution of business through the integration of software and hardware, application integration and service transformation.

Chen Yanshun further pointed out that the next three years, BOE's total sales will continue to maintain rapid growth, to complete the goal of doubling, and continue to expand the proportion of hard-soft integration and service revenue, rising from 15% in 2016 to 2022 %.

In order to expedite the implementation of the business transformation, BOE identified the '1433' strategy from 2018 to 2022. Chen Yanshun pointed out that the '1433' strategy consists of a set of goals, four enhancements, three promotions and three changes. Global innovation enterprises; revenues in three years, steady increase in profits; the formation of a number of absolute superiority of the market segments. Four enhanced refers to technological innovation, product innovation, application innovation and management innovation .Three improvements and three changes refer to Through the global market expansion, BOE will be transformed from a regional manufacturing company to a global innovation company. By utilizing global resources, BOE will shift from hardware marketing to hardware and software integration and service marketing. By attracting global talents, BOE will shift its investment from investment to value To create a drive for change, specifically to promote the information exchange port user experience upgrade, build the world's leading smart products and services, enhance the life cycle of health care services.

At present, BOE display Devices, smart systems business accounted for 70% of the proportion of health services business is still very small, but the next 10 years the proportion of health services will continue to rise.Wang Dongsheng pointed out that in the Internet of Things 1.0 era, both the display devices, smart systems business , Or health services business, it is difficult to succeed alone BOE alone, need more cross-border cooperation, the need to form an ecological chain and partners.

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