KT’s Chairman Chang-Gyu Hwang delivered a special speech last month at Harvard Business School on ‘Power of the Network’, introducing the company’s GiGAtopia (KT’s Forward Looking Strategy) along with details of its network innovation, and highlighting the infinite possibilities that can be brought by the next-generation network. Here are the details.
■ Power of Network – Network is not a dumb pipe
He presented ‘Intelligent Network’ as a next-generation network.
An intelligent network is designed to deliver integrated solutions in the network instead of merely delivering voice and data over wired/wireless network. It aims to offer value-added services at the network level by taking advantage of advanced speed, capacity and connectivity, making customers’ lives safer and more convenient while creating new opportunities in the industry.
■ Introducing KT's network innovations
The four key areas of KT’s network innovation are speed, surveillance, big data and security.
Speed: GiGA Internet, GiGA LTE, 5G
Surveillance
Big Data
Big data is an essential part of an intelligent network. Operators have not only an enormous amount of data generated from users, but also abilities to analyze it.
Security
■ Intelligent Network to drive the next-generation industrial revolution
Chairman Hwang speculated that the network innovation will bring 'tremendous transition' in the industrial paradigm. Intelligent networks will create new values by connecting billions of devices, and will drive the next-generation industrial revolution, not just in the industry, but in our everyday life as well (e.g. preventing infectious diseases from spreading).
He shared the concept of GiGAtopia, KT's vision based on intelligent giga network. GiGAtopia is a world where humans and things are connected via the giga infrastructure, and both industries and humans' lives can be invigorated through integrated services.
In 2014, earlier than originally scheduled, KT launched GiGA Internet service to realize GiGAtopia. The company carried out the GiGA Story project in remote areas like mountains and islands in the nation, showing how GiGAtopia can actually change the way we live. GiGAtopia is the #1 goal and strategy of the company that serves as the cornerstone of the company's network innovation.
Chairman Hwang predicted by 2020 the network speed, surveillance, big data and security will become 10 times better than now. Just like what he predicted 11 years ago has become real by now, his prediction on intelligent networks will likely be realizing one more time soon.
He also emphasized that "Network innovations from now on will not be just about speeds, but about how networks and integrated solutions can be combined." He added, "In the future where intelligent networks prevail, much bigger waves of change in wider areas than the mobile age will be arriving."