Firewood ignites the fire of agricultural civilization, oil and gas accelerate the leap of industrial civilization, and data lights up the light of information civilization. With the significant improvement of China's industrial digitalization, data resources are playing an increasingly important role in the value creation of enterprises, and the digital economy with data as the key element has become a new engine and new driving force for the high-quality development of enterprises.
"Data assetization"The trumpet sounded
In 2022, the added value of the digital economy accounted for more than 41% of GDP5%, China's data output has reached 81ZB, a year-on-year increase of 227%，Data elements are becoming one of the most active production factors after land, labor, capital, and technology。However, the stock of data (i.e., unknown, unidentified, or unused data) that is currently "buried in the dark" is still large. How to revitalize data, better reflect the quality of enterprise operation, and create greater value for the enterprise?In order to solve these problems, China has established a data exchange to activate the value of data elements and stimulate data circulationThe entry of data assets into the table has also been accelerated
Data assets are included in the table" meansThe data is recognized as an "asset" item in the company's balance sheetNamelyData assets are included in the balance sheet, and their true value and business contribution are reflected in the financial statements。The state attaches great importance to promoting the inclusion of data assets in the table, which was released on December 19, 2022"Twenty pieces of data".("Opinions of the Communist Party of China on Building a Data Basic System to Better Play the Role of Data Elements") clearly proposes to "explore a new model of data asset entry".
On August 21 this year, the Ministry of Finance issued the Interim Provisions on the Accounting Treatment of Enterprise Data Resources (hereinafter referred to as the "Interim Provisions").The clarification of the scope of recognition of data resources and the applicable standards for accounting treatment will come into effect on January 1, 2024
According to the Interim Provisions, when preparing the balance sheet, an enterprise shall follow the principle of materiality and take into account the actual situation of the enterprise"Inventory".A new item "Including: Data Resources" is added under the item to reflect the closing book value of data resources recognized as inventory at the balance sheet dateIn"Intangibles".The item "Including: Data Resources" is added under the item to reflect the closing book value of data resources recognized as intangible assets at the balance sheet dateIn"Development expenditures".A new item of "including: data resources" is added under the item to reflect the amount of expenditure that is being carried out on data resource research and development projects that meet the capitalization conditions on the balance sheet date.
"Data assets are included in the table" is conducive to revitalizing the value of data resources and demonstrating the digital competitive advantage of enterprisesProvide a basis for enterprises to carry out investment and financing based on data assets, and optimize the allocation of market resources；At the same time, it is conducive to improving the awareness of enterprise data assetsEnhance the willingness to circulate data, effectively reduce "dead data", and provide power for enterprises to carry out in-depth development and utilization of dataRealize a major leap from "digital resources" to "digital assets".
Data assets are added to the table"Pain and suffering"
Although it is a foregone conclusion that data assets should be included in the table, there are many problems in reality: which data should be included in the table?How to accurately calculate the value of data assets?Specifically, enterprises often face many practical problems, such as the difficulty in collecting the cost of data assets, the difficulty in matching the income cost of data assets, the difficulty in unifying the distinction standards between capitalization and expense of data assets, the difficulty in confirming the stability of the authorization period of data in the public sector, the difficulty in confirming the cost of financial industry, the difficulty in selecting the amortization method of data assets, the difficulty in confirming the amortization period of data assets, the difficulty in coping with the tax differences of data assets, the difficulty in confirming the scale of statements due to the time variation of data asset value, and the difficulty in accounting data assets at the group level。
From the level of enterprise management,systemonThe data management organization is incomplete, the overall data policy is not clear, the data management mechanism is not perfect, the data job channel is missing, and the data culture needs to be establishedmethodologicallyThe data governance party is missing, the data architecture party is immature, the data management process is incomplete, and the data ownership confirmation and data valuation party are yet to be establishedtoolMetadata management tools, data standard management tools, data asset management tools, and data quality management are missingData visualization and data analysis tools are more traditionalAI-assisted data is just getting started, and so on.
Build a data middle platformUnleash the full value of your data
In view of the above difficulties, it is urgent to strengthen the concept and action of "data asset management" of enterprises, fully understand and recognize the importance of business data and data business, strengthen data collection and governance capabilities, and establish a data asset management system.
If you want to do a good job, you must first sharpen your tools." The well-known book "Data Governance Driven by Master Data" proposes that "data" has become a valuable strategic asset of enterprises, and in order to make the huge data play a greater value, enterprises must focus on data governance and comprehensive utilization. To this end, it is important to make good use of data governance technologies and tools, build a system architecture and model of data governance, do a good job in data governance quality assessment, data security protection, and data integration services.
Kingdee Cloud Sky Data Center helps enterprises deeply understand customers and markets, aggregate internal and external data, transform raw data into data assets, and quickly build data services, so that enterprises can make sustainable and full use of dataAchieve data visibility, understandability, availability, and operationalization, and use data insights to drive decision-making and operations for business growth
Efficient data aggregation: Support 30+ data source types, heterogeneous data collection, offline or real-time data access
Unified data governance: Provide a unified data model to clean, process, and model data with inconsistent calibers, redundancy, or complexity
Visual data analysis: powerful data interaction capabilities, rich visualization types, support for multi-terminal free layout, personalized customized data dashboards;
Intelligent operation and decision-making: Integrate various algorithm models, deeply mine the value of data, gain insight into business indicators, and make intelligent operations and decisions
Data security protection: Manage data in a hierarchical and classified manner, follow the principle of least privilege and access isolation, and encrypt core data in the whole path.
At present, based on Kingdee Cloud Sky Data Center, it has helped many industry benchmark enterprises to fully release the value of data assets, and Guangdong Pearl River Investment Co., Ltd. (hereinafter referred to as Pearl River Investment) is one of them. As one of the most growing private enterprises in the process of reform and opening up, Pearl River Investment is also one of the earliest enterprises in China to start diversified transformation and layout in the Guangdong-Hong Kong-Macao Greater Bay Area. In the context of the digital economy era with the increasing wave of digitalization and intelligence, Pearl River Investment is deeply aware that only by empowering enterprises with refined operation and management through technology and digitalization and opening up the data silos between the group's various business lines can the value of enterprise data assets be truly realized.
With the help of Kingdee Cloud Sky Data Center, Pearl River Investment has carried out multiple rounds of closed-loop data governance on the accumulated data in recent years, involving a total of about 65 million pieces of data across 11 business topics. Through governance, a total of more than 37,000 problem data were found, and the rectification and repair of more than 31,000 pieces of data was completed through the implementation of the special optimization plan, which provided a stable and reliable data foundation for the realization of the integration of production and marketing, industry and finance, and economic and transportation.
Prepare for financial processingEmpowering businesses"Nuggets"
It is worth mentioning that Kingdee is also fully prepared in terms of financial processing of data assets, for example:Kingdee Cloud & Xinghan Solution adds a physical asset category to the "Asset Class", which includes physical assets, intangible assets and data assets；At the same time, a new " is added to the asset management systemData assets"Management features,A data asset card is addedIt supports data assets as asset card accounting, and supports the whole process management of data assets such as card registration, change, cleaning, inventory, and disposal. Through the functional upgrade of Kingdee Cloud and Xinghan star products, Kingdee can better help enterprises "digital governance nuggets", promote high-quality data elements to "live, move, and use", and fully release the value of data assets.
Kingdee will work with all sectors of society to continue to explore the development path of data elements based on the top-level design of national data elements, collaborate with all parties, discuss and build together, stimulate the vitality of the data element market, jointly promote the prosperity and development of the data element market, and help realize the realization of "the industry has its number and the number has its gain".