With the in-depth development of a new round of scientific and technological revolution and industrial transformation, the value of data as a key factor of production has become increasingly prominent. At the end of last year, the "Opinions of the Communist Party of China on Building a Data Basic System to Better Play the Role of Data Elements" (hereinafter referred to as the "Opinions") was officially issued, which put forward the overall requirements for cultivating the circulation of data elements and the transaction service ecology from the top-level planning. On December 15 this year, the National Data Administration released the "Three-Year Action Plan for "Data Elements" (2024-2026) (Draft for Comments), deploying 12 key actions from the action level. The successive release of heavyweight policies has brought the integration and application of data elements and comprehensive governance into a new historical stage.
Focusing on the important topic of data elements, in the "China Fintech Development Report (2023)", Bairong Yunchuang analyzes from multiple levels such as circulation rules, governance capabilities, and ownership divisions, comprehensively expounds the challenges encountered in the efficient circulation and value release of data elements, and proposes solutions.
Bairong Yunchuang pointed out that data security and privacy protection are insurmountable "lifelines", and on this basis, it is an important practice to promote the efficient integration of multiple non-mutual trust data sources, while ensuring that the whole process can be verified, traceable, explainable, auditable, and supervised.
In terms of promoting the integration and application of data elements, Bairong Yunchuang pointed out the importance of strengthening new technologies. By building an exchange and cooperation platform for government, industry, academia and research, more disciplines can be driven to participate in promoting the flow of data elements, and the theoretical research and scenario application of emerging technologies such as privacy computing can be strengthened, which can greatly eliminate the concerns of all parties about data security and create a data sharing and circulation governance system of "data is available and invisible, and the use is controllable and measurable". At the same time, the rapid development of multimodal large model technology also provides a new imagination space and broad business prospects.
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