Stefan Mileschin

We are about to reap rewards of ‘intelligent transformation’

China’s Lenovo Group has begun to see some rewards from the multibillion-dollar acquisitions of IBM’s commodity server business and Google’s Motorola Mobility smartphone unit

Chairman and chief executive Yang Yuanqing talking to the China Post https://www.scmp.com/tech/article/21...sformation-set said that the worst is over for Lenovo, which has spent the past few years refocusing on mobile and smart devices, as well as its data centre services.

Dubbed “intelligent transformation” Lenovo wanted to capitalise on the rapid growth of the internet of things (IoT) market globally, as well as the wider adoption of artificial intelligence (AI) and automation.

It seems to have paid off with the company recently regaining the crown from HP as the world’s biggest personal computer (PC) maker.

The company in November posted a third, straight quarter of profit growth as its Motorola business broke even operationally and as its data centre unit posted much-reduced losses of $3 million, allowing it to say it was on track to be a “sustainable, profitable growth engine”.

“Because of the past few years of laying the groundwork … we have all the assets needed to now push ahead in the field of automation [where processes can be conducted with minimal human inputs],” Yang said,

Lenovo now has its paws on gear which can handle big data and powerful algorithms that can parse the information – generating applications for the medical, manufacturing and retail industries among others.

This was developed during the company’s long-haul transformation from a plain vanilla distributor of foreign PC brands in China, to a manufacturer, to expanding overseas via the acquisition of IBM’s PC business in 2005.

https://fudzilla.com/news/47882-leno...-worst-is-over