Home » There is no limit to the future of my digital economy in “numbers” | Shanghai Securities News

There is no limit to the future of my digital economy in “numbers” | Shanghai Securities News

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Drawing by You Feifei

The “14th Five-Year Plan for Digital Economy Development” clearly states that by 2025, the digital economy will enter a period of comprehensive expansion, and the added value of the core industries of the digital economy will account for 10% of GDP. Data show that in 2020, the added value of my country’s digital economy core industries will account for 7.8% of GDP. “Being stronger, better and bigger” – in the face of the new development requirements of the digital economy, what does the 2.2% increase look like?

◎Reporter Wen Ting ○Editor Quan Zeyuan

Since the 18th National Congress of the Communist Party of China, the Party Central Committee has attached great importance to the development of the digital economy and elevated it to a national strategy. After the digital economy was first listed as a separate chapter in the “14th Five-Year Plan”, the “14th Five-Year Plan for Digital Economy Development” (hereinafter referred to as the “Plan”) further clarified that by 2025, the digital economy will move towards a comprehensive expansion period, and digital The added value of the core industries of the economy accounts for 10% of GDP.

Data show that in 2020, the added value of my country’s digital economy core industries will account for 7.8% of GDP. “Being stronger, better and bigger” – in the face of the new development requirements of the digital economy, what does the 2.2% increase look like?

When interviewed by reporters, the heads of many listed companies were actively learning about the new changes in the “14th Five-Year Plan for Digital Economy Development”, how to achieve “numbers” and learning from the development direction specified in the “Planning”. The motivation of nutrition and development, firm “doing” and “doing not”, has become the focus of their attention.

Going to the Cloud: From “Tasting New” to “Commonly Used”

“One of the most obvious industry changes we can see this year is the general trend of digital transformation. The entire industry is focusing on the digital transformation from large party and government organs to small and medium-sized enterprises. And this digital transformation has penetrated into the national economy and people’s livelihood. , the health code and itinerary code that we all use are typical examples.” said Zhang Qingyuan, CEO of Kingsoft Office.

In December 2021, Kingsoft Office released the Kingsoft Digital Office Platform, which is based on the Kingsoft Office product matrix, after cloudification, mid-platform transformation and secondary development, to create a platform covering content creation and management, collaborative office, and business digitization. Enabling solutions. As an interactive hub for office digital transformation, it can support large and super-large organizations, including the government, state-owned enterprises, central enterprises, and large-scale private enterprises, to establish an exclusive digital office platform.

Zhang Qingyuan said frankly that, for users, cloud services have changed from “trying new” to “commonly used”.

“There is no doubt that the digital transformation of the entire society will become an important support for the development of our country’s digital economy.” He said, “From local office to cloud office is an important trend in the development of the industry in recent years. The sudden outbreak of the epidemic and the normalization of prevention and control are in In 2021, this change will be further accelerated, and more and more users have become accustomed to and accepted the working mode of cloud office, and have realized the convenience of multi-terminal real-time synchronization and multi-person collaboration after documents are uploaded to the cloud.”

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The data shows that from 2020 to 2021, the total number of files stored in Kingsoft Office Cloud has increased by 45%. According to the financial report for the third quarter of 2021, there are already 125.8 billion documents stored on the cloud. Total document data storage increased by 82%.

The case of Kingsoft Office is just a microcosm of the government and enterprise moving to the cloud. When enterprises migrate to the cloud, data to the cloud, and services to the cloud become the norm, cloud services, as an important component of the “new infrastructure” of the digital economy, will also usher in a new business cycle.

According to the reporter’s statistics, in the “14th Five-Year Plan for the Development of Digital Economy”, there are nearly 10 expressions with “cloud” as the key word, involving “cloud-network integration”, “cloud-network collaboration”, “cloud-based data empowerment”, “cloud-network integration” “Cloud Games” and “Cloud Life”, etc., talking about “cloud” without breaking away from the scene and application has become a new trend delivered by “Planning”.

Since the end of 2021, a number of listed companies such as Kingsoft Office and Dr. Peng have proposed new cloud strategies. The core information system of the Beijing Winter Olympics has been 100% running on Alibaba Cloud, which is the first time in the history of the Olympic Games that cloud computing has replaced traditional IT to carry the Olympic organization and operation.

At the same time, 100 waste incinerators in nearly 30 cities across the country have been equipped with Alibaba Cloud’s industrial brains, and Baidu Smart Cloud’s “zero-carbon park solution” has landed in an industrial park, successfully helping enterprises in the park reduce electricity costs. Through energy consumption monitoring and early warning, the operation and maintenance efficiency of energy-using facilities will be increased by 20%.

It is also clearly mentioned in the “Planning”: support qualified large enterprises to build an integrated digital platform, fully integrate the internal information system of the enterprise, strengthen the data connection of the whole process, accelerate the business collaboration of the whole value chain, form a data-driven intelligent decision-making ability, improve The overall operation efficiency of the enterprise and the synergy efficiency of the upstream and downstream of the industrial chain. In addition, we will implement inclusive services of “Going to the Cloud, Empowering Intelligence with Data”, promoting enterprises to go to the cloud and the platform, reducing technical and financial barriers, and accelerating the digital transformation of enterprises.

Xinchuang: Financial “digital intelligence” leads to increased order volume

Whether it is in the “14th Five-Year Plan for Digital Economy Development” or the “14th Five-Year Plan for Promoting National Government Informatization” and other national-level plans, network security is a key word in it, while speeding up new infrastructure Building and opening up the information “artery” of economic and social development is also inseparable from “safety and controllability”, which also brings new opportunities for the Xinchuang industry.

The “14th Five-Year Plan for Digital Economy Development” clearly lists “accelerating the digital transformation of the financial sector” as one of the seven key industries’ digital transformation and upgrading projects. The third quarterly report and annual performance forecast released by the financial information company show that in the context of the normalization of financial innovation, the strong demand brought by financial information innovation has become an important factor for the unexpected growth of orders for financial information service manufacturers. Among the industry-leading bid-winning orders, the concept of Xinchuang is also accelerating the demand for databases and middleware.

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The data shows that in the first three quarters of China Information, the accumulative total of 441 million yuan was won by China Information Technology, a ten-fold increase over the same period last year. In the same period, the financial industry software and technical services signed 1.810 billion yuan, a year-on-year increase of 31.22%, of which 1.586 billion yuan has been signed but not sold, a year-on-year increase of 68.12%. The company has previously cooperated with Tencent Cloud, and successively launched the joint solution of “Shenzhou Information Distributed Core + Tencent Cloud Distributed Database TDSQL”, and the joint solution of “New Financial Infrastructure, New Digital Connection, and Bank Digital Transformation”. In addition, the company and Huawei jointly released the “distributed new core joint solution” to promote the implementation of more applications.

Changliang Technology predicts that in the next three years, under the condition that the Xinchuang policy remains unchanged, it is a high probability event that the order will maintain an annual growth of 30%. In 2021, the demand growth rate of large banks and small and medium-sized banks will basically be above 20%. Driven by the concept of Xinchuang, the company and Huawei’s host database have landed, and they have also successfully cooperated with shareholder Tencent in the Tencent Cloud and database fields.

In terms of middleware business, Xinchuang industry is also becoming a new blue ocean of product demand. The operating income of Dongfangtong in the first three quarters was about 392 million yuan, a year-on-year increase of 94.85%; the net profit attributable to shareholders of the listed company was 38.2008 million yuan, a year-on-year increase of 258.13%. The company’s middleware products cover application support, data integration and data middle-end mainstream products and solutions. The middleware TongLINK/Q is deeply applied in the payment settlement and regulatory reporting systems related to the People’s Bank of China.

In the first three quarters, the amount of contracts signed by Powerland increased by 54.20% year-on-year, the number of contracts signed increased by 293.55% year-on-year, the operating income was 128 million yuan, a year-on-year increase of 74.63%; The company’s contracted customers in banking, funds, insurance and other financial fields increased by more than 333% year-on-year, and it is expected that more incremental orders from Xinchuang will be gradually reflected in the following years.

Boundaries: what capital does and what not

During the “13th Five-Year Plan” period, the average annual growth rate of my country’s digital economy exceeded 16.6%. Facing the new goal of “strengthening, better and bigger” in the “14th Five-Year Plan” digital economy, the “active” and “inactive” of capital have been more clearly guided or restricted.

The “Plan” proposes to guide social capital to invest in original and leading innovation fields, avoid low-level repetition, homogeneous competition, blindly following trends and speculation, and support sustainable development of business formats and models. At the same time, strengthen anti-monopoly and prevent the disorderly expansion of capital, promote the healthy and sustainable development of the platform economy, establish and improve market supervision, macro-control, policy and regulation systems that adapt to the development of the digital economy, and firmly maintain the bottom line of safety.

Implemented at the company level, firmly grasp the “bull nose” of independent innovation of key digital core technologies, avoid large and comprehensive, and strive to grow into “specialized, special and innovative” in the vertical field, and become the consensus of enterprises to deploy the “digital economy” track.

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According to the requirements of the “Planning”, 5G network, national integrated data center system, and industrial Internet will become the key directions for optimizing and upgrading digital “new infrastructure”. In addition, digital elements to serve the industry, virtual reality, digital twins, network security and data encryption have also appeared in the “Planning” several times, becoming the direction of the forward-looking layout of funds.

Many listed companies are already taking action. Among them, Wangsu Technology plans to invest 1 billion yuan in special funds for security business, including the establishment of security laboratories, the introduction of high-quality talents, and the focus on researching cutting-edge offensive and defensive technologies. Lv Shibiao, vice president and chief security officer of Wangsu Technology, predicts that in 2022, hybrid multi-cloud will become the focus, and remote office will further develop. Both will inevitably stimulate users’ demand for zero-trust network security protection system to continue to grow. Zero-trust and SASE direction Innovation will continue to be valued. At the same time, cloud native and network security grid architecture will also trigger the outbreak of new network security requirements.

Jinzheng Co., Ltd. has established a two-wheel drive strategy of “financial technology + digital economy”. In addition to further refining and strengthening traditional advantageous sectors, it must also seek new performance growth points in the innovative business track. In 2021, the company will complete a fixed increase of 1 billion yuan, and focus on investing in integrated solution projects for large asset management business, financial cloud platform projects, and the construction of distributed trading technology laboratories, etc., to strengthen technical reserves and business research for innovative businesses.

Although the “Metaverse” concept, which is hotly discussed in the capital market, is not explicitly mentioned in the “Planning”, it also proposes a clear development direction for technologies such as virtual reality and AI. In addition, there are also local plans to take the lead in testing the waters. The “14th Five-Year Plan for the Development of Shanghai’s Electronic Information Industry” recently released proposes to strengthen the forward-looking research and development of the underlying core technology and basic capabilities of the Metaverse, and promote the development of new terminals that deepen perception and interaction. And systematic virtual content construction to explore industry applications.

According to Zhao Xing, a professor at the Department of Information Management at East China Normal University, a new round of scientific and technological revolution and industrial transformation is advancing in depth on a global scale. Provides solid conditions for the development of the Metaverse. In the follow-up, Metaverse will take the lead in the development of entertainment fields such as office, education, industry, games, social networking, cultural creativity, and content, and will further penetrate into more fields in the future.

Although the killer app of the industry has not yet appeared, Zhao Xing suggested that governance exploration and experiments should be carried out forward-lookingly in the development of Metaverse and related industries. regulations, but also education regulations. Aside from the metaverse’s form of “removing the real to the virtual”, the underlying technology and software and hardware products behind it are supported by the real industry. Under a good governance environment, the industry and technology are “integrated” to promote the formation of It is a feasible development route to gradually form a metaverse industrial ecological cluster with international competitiveness through the “from virtual to real” industrial pattern, through the promotion method of “from platform to ecology”.

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