China Southern Asset Management Luo An an: How big is the data advantage of China s digital economy?

Mondo Finance Updated on 2024-02-26

The state attaches great importance to the digital economy, and various documents, Politburo meetings, and economic conferences all emphasize that the digital economy is of great significance to the growth of the national economy and the improvement of the economic structure.

The digital economy is a series of economies generated around data, data mainly includes first-class data, enterprise data, including vertical education, medical care, finance, transportation, public security and other big data, as well as personal application data, which is generating data every day, and all data is in the hands of Internet operators or government affairs cloud.

The digital economy is divided into two steps, the first step is to aggregate, clean, and desensitize the massive data of enterprises, enterprises, and individuals, and know the holders, modifiers, and beneficiaries of the data, and confirm the rights to turn them into standardized data and realize tradability.

The second step is to amplify the value, and for the first end, we can develop smart government affairs, smart healthcare, smart transportation, smart finance and other fields. For the enterprise side, it can realize industrial Internet, industrial automation, etc. If it is applied to individuals, the processed desensitized data can be sold to a company with a large AI model, showing the value of the data.

The biggest difference between this round of digital economy and the past is that it is not an investment in infrastructure, not only 3G, 4G, and 5G, but more importantly, it is to apply these data to all aspects of our lives, so as to amplify its value, improve the efficiency of society, and enhance the intelligence of society.

In general, the digital economy revolves around the industrialization and commercialization of data, turning wheat into flour and flour into bread.

Our country's advantage lies in data, with massive data and a unified market, once data in a certain field to achieve commercial output, the value of data will be further amplified, the entire economy may be around the development of the digital economy, rather than around the past around low-end labor, intensive labor industry, or land finance, real estate finance, around the data to build a new growth point of China's economy The development prospects are bright.

This article was first published in the interpretation of the financial outlet, if there is **, please indicate the source.

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