Ken Hu, Huawei Rotating Chairman, "Legal Regulations Needed for Data Ownership and Sharing"

Panel Discussion at WEF on 28th
"Governments and Companies Must Strive to Protect Data"

Ken Hu, Rotating Chairman of Huawei

[Asia Economy Reporter Cha Min-young] "Legal regulations and guidelines on data ownership and sharing are necessary."

Ken Hu, Rotating Chairman of Huawei (pictured), stated this on the 28th during an online video conference panel discussion on "Utilizing the Fourth Industrial Revolution" at the World Economic Forum (WEF, also known as the 'Davos Forum'). He emphasized, "Governments and companies must strengthen data protection efforts to innovate industries across the board through artificial intelligence (AI)."

He said, "To maximize the value of data, the most important asset in the Fourth Industrial Revolution era, data must be shared more broadly and managed so that greater value is created in the process. For this, companies and governments must cooperate and thoroughly protect all data."

He called on governments to take the lead in establishing regulations and guidelines. He explained that governments should create clear legal regulations and guidelines regarding data ownership and sharing and support companies in building platforms that allow safe data sharing.

He also advised companies to continue investing in trustworthy computing technologies. He asserted, "All companies must conduct their business in compliance with relevant laws and regulations, such as strictly adhering to data protection regulations like the European Union's GDPR (General Data Protection Regulation)."

He introduced examples of industrial innovation achieved through AI technology. For instance, Huawei developed CT scanning technology applying AI with several hospitals in China during the early stages of COVID-19, reducing patients' lung diagnosis time from the previous 12 minutes to 2 minutes.

Regarding the view that AI will replace humans, he believed that as AI advances, even more value and opportunities will be created.

He said, "AI promotes automation of tasks and functions but also innovates various industries, creating more value and opportunities. Huawei has introduced AI into research and development (R&D) and production lines for several years. While some teams did not hire or replenish personnel, additional engineers were hired in departments requiring creativity, resulting in an overall increase in total employees."

He added, "While driving the Fourth Industrial Revolution will spread significant socio-economic value, it will also face negative effects such as unemployment. All stakeholders must find the best ways to ensure that technological innovation develops in a direction that improves quality of life."

This content was produced with the assistance of AI translation services.