The use of digital methods for evaluation is not only because the industry itself needs to transform in the context of digital economy and digital governance, but also very importantly, under the current situation, both commercial customers and public management customers have put forward a high requirement, which is to useLimited budget, or only half or less of the previous budgetTo do the same or even more than before, how is that possible? This is a very important test for us. 
Pictured: Yuan Yue, the Third-Party Evaluation Professional Committee of the China Market Information Research Industry Association, delivered a speech.
Whether it is the cost of time or the financial cost compared with the past, the cycle has been shortened, and the budget in the cycle is more limited, soWe must be more competitive in terms of digital approach innovation, efficiency improvement, and cost reduction than in the past. It is conceivable that in another 3 to 5 years, some of the companies and professional institutions that can still exist in this market today will probably disappear by that time, because the working methods of the past and traditional working methods can no longer solve the problem. On the other hand, providers of technical solutions that have never been known in this market and have never heard of in the past could quickly rise to become the operators of institutions like ours. So for our colleagues in the market now,We must be able to invest enough in R&D in the existing market, and have enough breakthroughs in the field, so that we can use innovative methods to gain new markets on the basis of our original customers.
We are under a very high pressureIn the current situation, we need to free up the budget to strengthen R&D. In today's peer industry, it used to be possible to take only one percent per year.
If you invest in R&D with a budget of one or two, your budget may increase in the future, or even close to one percent.
10. More than 10% of the budget for the introduction and exploration of digital technology is sometimes not completely successful, but it is something we have to do. Not only that, but we also have a limited time frame to make sure that the work we put in will be sufficiently rewarding. As long as our investment is not able to form a customer payment or return, it means that the investment is also in vain, and there will be no sound if we invest in it.
Today, I am very grateful to Huatong people for organizing such an event, as the vice president unit of the third-party evaluation professional committee of the China Market Information Research Industry Association, they attach great importance to it, and they are also the frontier explorers in this field, and other institutions in the association to present the results of their exploration. On the basis of this achievement, we should learn from them and get more inspiration from the work they have done. And thenIn terms of the best aspects, in some vertical fields and specialized technical directions, it is even necessary to surpass them and form their own core competitiveness.
I believe that in the next two or three years, we will have more institutions moving towards the direction of digital exploration, with more gains and more breakthroughs, which will also make us a competitive professional service organization in the new cycle.
More and more work will be done with the help of third parties, which on the one hand requires us to be neutral and objective, and on the other hand, it also requires the exploratory side of the party. In the digital age, our approach needs to be more digital.
Congratulations to all the institutions that have been accredited at today's meeting. But on the other hand, even if we are recognized, we have to feel more in crisis, and the progress we make today may be outdated tomorrow. In addition, some institutions that have not yet entered should be alerted and inspired to devote their own resources to carry out basic exploration of digital evaluation methods and digital third-party evaluation methods.
We look forward to forming a more powerful digital commandoThere are more cases to motivate our peers, there are more cases to contribute to our Party A, and our industry account managers will also have more service value.
This article is based on Chairman Yuan Yue's speech at the 2023 Digital Evaluation Tools and Case Collection Selected Exhibition Event).