Telecommunications, Media and Technology (TMT)

PwC Technology and Cyber security partners engage at the Mobile World Congress Shanghai 2016 

29 Jun - 1 Jul 2016

Framed by the theme of “Mobile is Me”, the Mobile World Congress (MWC) Shanghai 2016 was held from 29 June to 1 July, at the Shanghai New International Expo Centre (SNIEC).

PwC Technology and cyber security partners were among the more than 700 individuals who participated in Asia’s largest mobile industry event ever, joining government officials, industry leaders, and international mobile enterprise executives. To capitalise on the occasion, PwC partners engaged in a sequence of media interviews, sharing perspectives on the hottest topics and market trends, which spanned mobile communications, Internet of things (IoT) and network security.

A range of major developments were outlined at MWC Shanghai 2016, with the following three highlights looking particularly influential:



5G will enable improved IoT development

The Chinese government is devoting substantial resources to develop 5G, which supports efforts to be a global leader for innovation in both technology and services.

Jianbin Gao, PwC China telecommunications, Media and Technology Leader spoke with South China Morning Post on the developments, stating; “For state-owned Chinese telecom players, the challenge is that there is huge opportunity in 5G … 5G transforms everything, from smart devices, IoT and so on. But telecoms also need to transform, they cannot use a traditional mindset. They still have a lot to do, to innovate more and transform quickly enough.”



Industrial IoT-driven transformation is imperative

The infrastructure of 5G will drive new opportunities and promote cross-industry integration, helping to expand the enormous potential of the Industrial Internet of Things (IIoT). IIoT is a tremendously potent innovation that is rapidly extending its range of influence across many aspects of industry. A host of network implications are being examined, while the surgce in interest is spurring conversion of applications of IIoT from concept to reality.

Chun Yin Cheung, PwC China Risk Assurance Partner discussed the rising influence of IIoT with reporters, noting; “To truly leverage its new direct customer relationship and make the full transition to an IIoT-enabled, customer-centric and service-orientated organisation, a manufacturing business must fundamentally transform its strategy and organisational culture.” He went on to state,“an appliance designed to make the most of the IIoT will require different components and therefore a new supply chain. What’s more, it’ll need to have robust cyber security built in.” Find out more findings from our publication - The Industrial Internet of Things.

Network security becomes the priority in China

According to PwC’s Global State of Information Security® Survey ("GSISS"), 91% of firms have adopted a cybersecurity framework, and 69% use cloud-based cybersecurity services. In Asia, 37% of businesses regard Information Security as a priority, compared to the global average of 29%.

“Given China’s love affair with the internet and the quiet determination of both public and private sectors to harness the growth of the internet as constructively as possible, there is no doubt that China will get on top of mobile security in the fullness of time though we may expect some hiccoughs along the way. ” Said Mohammad Chowdhury, PwC Australia, SE Asia & NZ TMT Consulting Leader.
Contacts
Jianbin Gao
China TMT Leader
Shanghai
Tel: +[86] (21) 2323 3362 Email
Chun Yin Cheung
Partner
Shanghai
Tel: +[86] (21) 2323 3927 Email