As we shut one other fiscal 12 months, I’m happy to share with you the essential progress we now have made in our transformation in addition to our imaginative and prescient and plans to embrace the AI period to ship the following wave of progress and innovation.
A Exceptional 12 months of Resilience
I’m proud that Lenovo has demonstrated robust resilience and navigated by our business cycle comparatively easily. Even amidst the market downturn, we resumed progress within the second half of the fiscal 12 months and accelerated our momentum within the fourth quarter. In consequence, we emerged out of the challenges with robust core competencies, environment friendly operations, wholesome financials and profound transformation.
Our good gadgets enterprise has bounced again from the market decline earlier than the general business recovered, delivering business main profitability, primary share in PCs, and robust progress in smartphones. Our good infrastructure enterprise is among the many main gamers within the world AI infrastructure, effectively positioned to seize the business transitioning alternatives from conventional to AI infrastructure. Our excessive efficiency computing and Neptune water cooling expertise proceed to set the business benchmark. Much more, our good options and companies enterprise has confirmed to be a high-growth, high-margin driver for our continued diversification and service-led transformation, gaining wider buyer adoption with our horizontal constructing blocks in digital office, edge AI, hybrid cloud, TruScale and sustainability options.
Most significantly, we stay dedicated to our funding in innovation, particularly round AI. With over one quarter of our staff now working in R&D and the very best ratio of R&D bills to income, we’re able to seize the unprecedented potential in AI, a once-in-a-lifetime alternative for Lenovo.
The Hybrid AI Alternative
There is no such thing as a doubt that the AI revolution is already taking place and impacting the way in which we dwell and work. At Lenovo, we consider the long run shall be outlined by hybrid AI, a coexistence of public, private and enterprise AI to complement and improve one another.
It’s because customers and enterprise prospects are more and more on the lookout for methods to “land” AI into their on a regular basis life and routine operations, whereas public AI fashions have limitations when it comes to privateness, safety, velocity and prices.
At Lenovo, we’re leveraging our mannequin compression expertise to make private AI function on private good gadgets or edge gadgets, obtain instructions by pure interactions, carry out inferencing, and by no means share customers’ private information to the general public cloud until approved by the customers.
We consider one of the best “touchdown” path is to embed private AI mannequin into computing gadgets, like PC or smartphones. Because the world’s #1 PC vendor and a significant pill and smartphone participant, we now have in-house design and manufacturing capabilities in addition to a world scale to make our gadgets grow to be a pure platform for AI purposes.
Equally, we’re enabling enterprise AI to reside throughout a number of endpoint gadgets and infrastructure inside an enterprise. This facilitates studying and inferencing, supporting enterprise operational selections, enhancing productiveness and administration effectivity, all whereas guaranteeing data safety.
As AI workload will run not solely on public cloud, however will get extra evenly distributed amongst on-prem information facilities, personal and hybrid cloud, and even edge and gadgets, a hybrid infrastructure throughout consumer, edge, community, cloud and intelligence shall be in greater demand. Much more, advanced infrastructure requires complete companies and customised options for enterprise prospects, thus creating extra alternatives for good options and AI skilled companies for the long run.
It’s our standpoint on this hybrid AI future that makes me assured about Lenovo’s potential to know the unprecedented alternatives within the AI period. Ranging from the AI PC and increasing into different AI-enabled, AI-ready, and AI-optimized gadgets, infrastructure and options, we’re able to embrace a brand new decade outlined by AI.
Lenovo’s AI Decade
The 12 months 2024 marks the fortieth anniversary of Lenovo. We’ve been by a outstanding journey over the previous 4 many years, from entrepreneurship to constructing our personal model, and from globalization to diversification. Now, we’re coming into an entire new decade of AI. That is an extremely thrilling time for our business and for Lenovo. We are going to proceed to innovate, remodel, make AI accessible, truthful and inclusive, and produce smarter expertise to all.
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Learn Lenovo’s FY2023/24 Annual Report: click on right here
