In today's era of artificial intelligence and the Internet of Things, BOE has been looking for opportunities to transform. Wang Dongsheng, the founder of BOE, responded to the call of the times and set a goal: to double the three-year income of the Internet of Things.
A company that does display is going to do art trading, medical services and smart retailing? That's right! This brainstorming idea comes from Wang Dongsheng, founder and chairman of BOE Technology Group, who is turning this into reality.
At the 2017 BOE Global Innovation Partners Conference, Wang Dongsheng proposed that artificial intelligence and genetic technology will detonate the fourth industrial revolution and allow humans to enter the intelligent society. The 15 years from 2016 to 2030 is the Internet of Things 1.0 era.
In order to seize this opportunity, BOE will apply its own display, sensor, artificial intelligence and big data technology to various segments, quickly expand the two new business segments of smart systems and medical health, and strive to double the revenue in the next three years. .
At present, there are 20 billion IoT ports, and 10 billion in 2035. Each person will have more than 100 smart ports, covering education, transportation, communications and other fields. The Internet of Things brings tremendous growth to the transportation, retail, medical, education and other industries, changing people's lives. For example, electronic payment will reduce the waiting time of customers by 88%; smart medical treatment will reduce the cost of treatment for 50% of patients with chronic diseases.
BOE repositioned and will transform the IoT company, which provides smart port products and professional services for information interaction and human health, and hopes that the business revenue will double in the next three years and the profit will be steadily improved. In the first three quarters of this year, BOE's operating income reached 69.4 billion yuan, mainly from LCD screens. Service revenue accounted for less than 15%; planned revenue in 2012 was nearly 300 billion yuan, and service revenue increased to 40%.
2018 is the first year of the transformation of BOE, the company must accelerate the integration of soft and hard, application integration.
The display business group will actively expand into the five major market segments of smartphones, tablets, notebooks, monitors and TVs, and will actively expand into the fields of car, wear, white goods, electronic price tags, electronic signage, VR and AR. The layout on the Internet of Things. There are three major priorities in the future. The first is to build an 8K ultra-high definition display ecosystem, which is promoted together with devices, software, complete machines, and operators. Secondly, flexible OLED display applications are deployed to meet the demand for flexible displays in mobile products, wear, in-vehicle, and medical. The third is sensor-disruptive innovation, accelerating development in gene sequencing, molecular antennas, photoelectric sensing, security sensing, and multi-physical sensing.
The smart system business group includes four major businesses: smart services, smart retail, smart car, and smart energy. BOE has set up a Zhizhi factory in Hefei and Suzhou, and built the iMaker cloud platform for service makers; smart retail, building art display and appreciation cloud platform through “painting screenâ€, building digital retail platform through electronic price tag; smart car association In-vehicle display cut-in, development of the entire car electronic system; smart energy, involving photovoltaic power stations, smart lighting.
The health care business group provides life-cycle services from prevention, treatment, rehabilitation to security, including mobile health, digital hospitals, health parks, regenerative medicine, and life insurance. It is planned to build six hospitals in Hefei, Chengdu, Wuhan, Suzhou and other places within five years, with a total bed number of over 10,000, becoming a powerful medical group.
To achieve such a grand blueprint, we must open up cooperation. BOE's IoT strategy is to accelerate the open application and technology, and realize the integration of semiconductor chips, displays, various devices and software, namely, “open ends, core screens/devicesâ€.
Taking smart retail as an example, BOE cooperated with Alibaba and France SES to apply the electronic price tag system to Hangzhou Yintai New Retail Experience Store and Box Horse Fresh Food Supermarket to establish a platform for seamless online and offline docking. At the same time, BOE cooperated with SAP. Together to provide smart retail solutions.
The size of the global IoT market is expected to grow from $1.1 trillion in 2017 to $27.6 trillion in 2030. BOE is changing its DNA, from display to cross-border to medical, retail and other industries, expanding more than 100 market segments and providing 6 billion smart windows in the next five years.
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