As the world enters a new era of digital economy, the policy level also pays more and more attention to the development and utilization of data elements, and the value of data assets is becoming more and more prominent. Data is listed as one of the five major factors of production, and its capitalization, marketization, and capitalization process is moving forward at a rapid pace.
In this context, people can't help but ask: who can seize the opportunity above the tuyere, successfully connect policy guidance and market demand, and realize the maximum utilization and value enhancement of data assets?
A new outlet for trillion-level data elements is coming
In the process of China's continuous promotion of the digital economy and innovation-driven development strategy, a series of important policies on data elements have been promulgated one after another, laying a solid institutional foundation for the management and value mining of data assets.
As early as the end of 2022, ** issued the "Opinions on Building a Data Basic System to Better Play the Role of Data Elements", deepening the understanding of the status of data elements.
In October last year, the National Data Bureau, which had been preparing for more than seven months, was also officially launched. As the first document released after its listing, the "Data Element X" Three-Year Action Plan (2024-2026) (Draft for Comments) aims to activate the potential of data elements as soon as possible, and also shows the determination to attach great importance to and accelerate the construction of the data element market.
The Interim Provisions on the Accounting Treatment of Enterprise Data Resources issued by the Ministry of Finance also came into effect in January this year, clarifying for the first time the scope of application, accounting treatment standards and disclosure requirements for data resources. This also means that data can truly become an asset, and the data element market, which has attracted much attention, is waiting to usher in a period of historical opportunity for a full-scale explosion.
So how big is the market space for data elements and data assets? The institutional view is that the potential total scale of the data asset market is 10 trillion yuan, and it has the ability to relay land finance. According to relevant estimates, the total size of the national data asset market is 86 trillion yuan, driving the potential benefits of the digitalization of related industries 344 trillion, superimposed on the data asset derivatives market, its potential total size may exceed 60 trillion.
It can be said that the policy requirements for the standardization and legalization of data assets are forcing enterprises not only to be limited to the generation of data, but also to the integration and management of data assets.
Bring "sleeping" data to life
In this wave of data element market dividends, it is foreseeable that those leading Internet platform companies, communication operators, and financial and tax enterprises with massive user data will usher in a new growth space for data value realization, including Huawei, Tencent, Alibaba, JD.com and other technology Internet companies, China Mobile, China Telecom, China Unicom and other telecom operators, as well as Yonyou Network, Kingdee, Baiwang Cloud and other enterprises focusing on digital solutions for financial and tax transactions.
Forward-looking strategic vision and solid business strength are the keys to helping enterprises actively embrace new digital changes such as data asset entry and embark on new policy dividends. The author's research found that as a leading digital solution provider in China, Baiwang Cloud is based on this.
So why is Baiwangyun so powerful? It all stems from one word – "ticket". As a unique data asset, invoices have unique data characteristics. Invoices are important documents for commercial transactions, carrying the true record of economic activities, and its credibility and reliability are incomparable in the economic field, which is not fully reflected in the current Internet platforms of various industries in China, which is also the core competitive advantage of Baiwang Cloud.
Although the fourth phase of the Golden Tax is a fiscal and taxation concept, from another point of view, it is the infrastructure of digital transactions and digital **. Through the systematic response and construction of the "Golden Tax Phase IV", Baiwang Cloud is committed to realizing the data collection of every industrial Internet platform and enterprise.
Regardless of business data, financial data, or tax data, Baiwang Cloud can deeply tap the massive data potential in enterprise operations and transform it into data assets in the real sense, opening a new value growth channel for enterprises.
At present, it has become a rigid need for enterprises to improve the efficiency and transparency of financial management through digital means, and the value of electronic bill management has become more significant. For enterprises, Baiwang Cloud's e-bill compliance management solution can help them digitize the entire life cycle of e-invoices (from issuance, circulation, analysis to archiving).
Compliant e-bill management can help companies reduce risk in terms of tax compliance and avoid fines and reputational losses due to poor bill management. Through electronic invoice management, it can not only improve the efficiency of invoice processing and reduce the operating costs of enterprises, but also provide a solid foundation for the data asset management of enterprises by ensuring the accuracy and compliance of invoice data. At the same time, it can also ensure the quality and completeness of enterprise invoice data, so that the value of data assets can be accurately reflected in financial reports.
In addition, the National Data Bureau also emphasizes the "value-added" of data assets, and Baiwang Cloud's intelligent financial and tax management solution is highly in line with policy guidance, which can simplify the process of enterprise expenditure and tax management, including electronic invoice collection, verification and certification, expense management, electronic accounting filing and tax declaration.
By optimizing tax management, the solution enables enterprises to rationally plan tax strategies, minimize tax costs, improve their ability to control financial data, and further enhance the economic value of data assets. These high-quality financial data have also become the key for enterprises to reflect the value of data assets in their financial reports.
The intelligent chain collaboration solution is one of the core businesses of Baiwang Cloud, which helps enterprises realize the efficient use of the best chain data. This solution can simplify the settlement coordination between the parties to the transaction, enable enterprises to better understand the market demand, and effectively reduce the communication cost between enterprises. At the same time, by monitoring the status of the ** chain in real time, enterprises can optimize inventory management, reduce capital occupation, and thus improve overall operational efficiency.
In the context of the country's promotion of data resource integration and sharing, Baiwang Cloud helps enterprises achieve efficient integration and compliance management of transaction data and financial data with the help of advanced big data technology, and build a visual and traceable data value chain.
Through Baiwang Cloud's intelligent analysis tools and BI dashboards, enterprises can not only improve data quality, but also explore the business value behind data, effectively help enterprises conduct in-depth mining and analysis of data assets, and achieve accurate and intelligent decision-making, so as to occupy a dominant position in market competition.
"As a pioneer in the digital economy, we will continue to give full play to our professional and technical advantages in the field of data asset management, work with our customers to grasp the unlimited opportunities brought by data assets, and look forward to cooperating with all parties to witness and participate in this data asset revolution, share the fruits of the development of the digital economy, and create a new chapter in the digital transformation of enterprises." In the future, the author will continue to pay attention to whether Baiwang Cloud can seize the new outlet of trillion-level data elements.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.