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"China Industry News": (Yang Zhenning, Cao Wenhui) Integration of data and reality helps industrial transformation and upgrading

Published: May 22, 2024 Editor: Yuqing

(Source: "China Industry News" 2024-05-21)

Yang Zhenning Cao Wenhui

In the early morning of May 14th, OpenAI launched its new generation flagship generation model GPT-4o and desktop App at its first "Spring New Product Launch". After this update, the large model can receive any combination of text, audio, and images as input and generate any combination of text, audio, and image output in real time. The digital interaction era of the future has officially arrived.

The arrival of the digital era has subverted traditional business logic. Transformation and upgrading empowered by digital technology has become the main theme of industrial development in today's era. In January 2024, nine departments including the Ministry of Industry and Information Technology jointly issued the "Work Plan for Digital Transformation of the Raw Materials Industry (2024-2026)", emphasizing the important role of digital technology in enabling high-quality development of the industry. Facing the arrival of a new round of technological and industrial revolution, strengthening the integration of digital and real industries, accelerating the transformation and upgrading of traditional industries and the development of emerging digital industries are important strategic choices for my country's economy to achieve high-quality development and create new advantages in international competition.

The scale of the digital economy continues to expand

In recent years, the integration of my country’s digitalization and real economy has accelerated. In order to expand the scale of the digital economy, the government has formulated strategic plans for the development of the digital economy from a top-level design. The implementation of policies such as the "14th Five-Year Plan for Digital Economy Development" and the "Overall Layout Plan for the Construction of Digital China" has provided assistance to improve the efficiency of digital economic development. According to the "China Digital Economy Development Research Report (2023)", the scale of my country's digital economy will reach 50.2 trillion yuan in 2022, and the digital economy will account for 41.5% of GDP, which is equivalent to the proportion of the secondary industry in the national economy.

The degree of digitalization and industrial integration continues to increase, which is of great significance to the development of our country's economic and social development. First, the application of digital technology has greatly improved production efficiency, reduced production costs, and improved product quality, helping to enhance the competitiveness of the industry; second, digital technology optimizes the allocation of resources, and the construction of digital platforms realizes the interconnection and sharing of resources, improves resource utilization efficiency, and promotes sustained and healthy economic development; finally, digitalization promotes industrial change, not only promotes the transformation and upgrading of traditional industries, but also creates emerging digital industries, providing a new engine for the high-quality development of our economy.

Digitalization empowers industrial transformation

First of all, resource sharing and knowledge flow are frequent. Enabled by digital technology, the speed and scale of knowledge flow and innovative change have been significantly improved. Based on an open and shared digital platform, various innovative resources can be shared and used in real time and conveniently. Knowledge from different industries and regions integrates and promotes each other, thus stimulating innovation on a larger scale. In addition, decision-making based on big data and cloud analysis is becoming more and more common, and the acquisition of massive resources and in-depth mining have improved the efficiency and scientific nature of decision-making.

Secondly, cross-border cooperation has become the norm for enterprise development. The application of digital technology has broken down geographical, industrial and organizational boundaries, and exchanges between innovative entities in different fields have become more and more frequent. The construction of digital platforms further promotes cloud interconnection, broadens the scope of cooperation between organizations, and improves the efficiency of cooperation. The development of joint R&D, joint production and joint marketing activities based on digitalization has greatly improved the market competitiveness of the cooperation entities.

Finally, industrial transformation and upgrading have become the future trend. On the one hand, the emergence of emerging technologies such as the Internet, big data, and artificial intelligence is profoundly changing traditional production and management methods. With the empowerment of digital technology, the production and operation efficiency of traditional industries has become more efficient and operation management has become more intelligent. The emergence of smart agriculture, smart transportation, smart manufacturing, etc. has created higher economic and social benefits. On the other hand, emerging industries and business formats relying on digital technology and digital resources continue to emerge, providing new impetus and opportunities for the high-quality development of our country's economy.

Suggestions on promoting the development of deep integration of data and reality

First, strengthen the supporting role of data elements in industrial development. In the digital age, data has gradually become the main factor of production. The acquisition, storage and use of data are intertwined with various operational processes of enterprises and various innovative entities, and have become the core driving force for enterprise innovation and development as well as industrial transformation and upgrading. In order to continuously optimize the application effect of data elements, it is necessary to build a complete digital infrastructure to provide support for the circulation, transaction and management of data. At the same time, necessary element governance mechanisms need to be adopted to lay the foundation for the open sharing of data.

Second, accelerate digital industrialization and industrial digitization. On the one hand, we must pay attention to the cultivation of new products, new models and new business formats, and promote the development of emerging industries such as artificial intelligence and high-end equipment manufacturing. Relying on the digital platform, we will strengthen cross-border integration, promote innovative cooperation among multiple entities of "industry, academia, research and application", and achieve breakthroughs and breakthroughs in key core technologies. On the other hand, we must rely on digital technology to realize the digital transformation and upgrading of traditional industries and comprehensively improve the digital level of the industrial chain and supply chain. Through the introduction of digital technology and digital management systems, we will promote the realization of deep integration of data and reality.

Third, vigorously cultivate digital technology talents. The arrival of the digital era has highlighted the important role of knowledge and talents. The cultivation and application of high-end talents have become the key to promoting digital transformation and upgrading. In order to strengthen the cultivation of talents, it is necessary to deepen w88 casino-enterprise cooperation, establish a complete talent training mechanism, and improve the comprehensive quality and technical level of digital technology talents. In addition, it is necessary to improve the guarantee mechanism for digital technology talents, including career promotion, living security, talent incentives, etc., while attracting high-end talents while strengthening talent retention and promoting the sustainable development of the digital industry.

Fourth, improve the digital economic governance system. Promoting the deep integration of digital and real entities and the healthy development of the industry are inseparable from a sound digital economic governance system. First, it is necessary to strengthen the protection of intellectual property rights, protect the legitimate rights and interests of digital innovation entities, and further unleash the vitality of innovation; second, it is necessary to strengthen digital supervision and review, prevent unfair market competition and various digital risks, such as financial risks, data leaks, etc., and optimize the business environment for digital development; finally, it is necessary to strengthen support for digital enterprises and digital innovation through the formulation of relevant laws and regulations, and to help build a digital ecosystem through the establishment of domestic and international cooperation and exchange platforms.

The author is a professor at the w88 casino of International Business, w88 casino; a doctoral candidate at the w88 casino of International Business, w88 casino.

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