More capital in digital field key to transformation
3 months, 3 weeks ago

More capital in digital field key to transformation

China Daily  

By FAN FEIFEI | China Daily | Updated: 2024-08-28 10:24 A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. More companies in China will increase investments in digital technologies and drive continuous transformation through advanced technologies led by artificial intelligence, as generative AI can unlock an additional $2.86 trillion in economic value in China by 2038, according to a new report released by global consultancy Accenture. The report found that nearly 60 percent of surveyed Chinese companies intend to invest more in digital transformation projects, up from 53 percent last year. Accenture also showed that generative AI can unlock an additional $2.86 trillion in economic value in China by 2038, provided Chinese companies take a holistic and people-centric approach to deploying the technology. Yu Yi, technology lead at Accenture Greater China, said as companies strive to stay ahead and adapt to fast-changing markets, they are increasingly turning to AI to fuel their innovation efforts, adding the proportion of Chinese companies that boost investment and application of AI is rising dramatically.

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History of this topic

China's enterprises willing to invest in transformation projects
1 month, 2 weeks ago

China's enterprises willing to invest in transformation projects

China Daily  

The skyline of Beijing. More Chinese enterprises are willing to invest in transformation projects, but they lack confidence in their change capabilities in organization, and a relatively small proportion of companies have mastered the ability to achieve significant value from change initiatives, according to a new report released by global consultancy Accenture. The report said all of the surveyed Chinese …

Digital Economy Sparks New Professions in China: From Smart Vehicle Testers to AI Operators
2 months, 1 week ago

Digital Economy Sparks New Professions in China: From Smart Vehicle Testers to AI Operators

China Daily  

China's digital economy is booming, leading to the creation of new professions that contribute to high-quality development in emerging sectors. The emergence of new professions represents the development direction of new technologies and new industries, requiring practitioners to have continuous learning and innovation ability.

More capital in digital field key to transformation
3 months, 3 weeks ago

More capital in digital field key to transformation

China Daily  

A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. More companies in China will increase investments in digital technologies and drive continuous transformation through advanced technologies led by artificial intelligence, as generative AI can unlock an additional $2.86 trillion in economic value in China by 2038, according to a new report released by global consultancy …

Lead in digital sector — how cool is that for China!
4 months, 2 weeks ago

Lead in digital sector — how cool is that for China!

China Daily  

The milk is packaged automatically. As the economy is transitioning from a phase of rapid growth to a new phase of high-quality development, the country is shifting its focus to emerging industries, creating new business models and fostering new growth drivers in a bid to promote the development of productive forces featuring high technology, high performance and high quality. China …

Lead in digital sector — how cool is that for China!
4 months, 2 weeks ago

Lead in digital sector — how cool is that for China!

China Daily  

By Ouyang Shijia | China Daily | Updated: 2024-08-05 09:15 The milk is packaged automatically. As the economy is transitioning from a phase of rapid growth to a new phase of high-quality development, the country is shifting its focus to emerging industries, creating new business models and fostering new growth drivers in a bid to promote the development of productive …

Digital revamp boosting financial development
5 months, 2 weeks ago

Digital revamp boosting financial development

China Daily  

A foreign student pays bills using Alipay at a dessert shop in Hangzhou, Zhejiang province, in April. Liu Weiliang, deputy director of the Beijing Municipal Bureau of Economy and Information Technology, said: "Digital technology is reshaping the financial sector's service patterns, operational models, and industry paradigms. "While many institutions still rely on branch networks and professional employees for customer acquisition …

AI tech helping firms adopt 'new forces'
6 months, 2 weeks ago

AI tech helping firms adopt 'new forces'

China Daily  

Guo Wei, chairman of Digital China Group Co, delivers a lecture at London Business School in May. As artificial intelligence technologies continue to develop, Digital China Group Co, a Chinese IT solutions provider, has quickly capitalized on the trend by helping companies in traditional sectors adopt "new quality productive forces" to boost efficiency, making itself the latest case study for …

China speeds up digital transformation of manufacturing sector
7 months, 1 week ago

China speeds up digital transformation of manufacturing sector

China Daily  

A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. BEIJING - China has started to channel more energy into the digital transformation of its manufacturing sector to foster new quality productive forces and strengthen the economic momentum. Zhu Minghao, a professor at Beijing Jiaotong …

Qingdao ranks 13th among China's 100 cities for digital economy
2 years, 1 month ago

Qingdao ranks 13th among China's 100 cities for digital economy

China Daily  

Qingdao boasts a vibrant economy. CCID Consulting, a market research firm, recently released the 2022 China Digital Economy Development Research Report and the list of China's top 100 cities in terms of the development of their digital economies. Data shows that the scale of China's digital economy soared from 11 trillion yuan in 2012 to 45.5 trillion yuan in 2021, …

How can enterprises write their Digital Transformation story without writing any code
2 years, 5 months ago

How can enterprises write their Digital Transformation story without writing any code

Deccan Chronicle  

Digital transformation demands a cultural change in enterprises in terms of how technologically enabled their workforce can be. Business and technical teams may collaborate to move toward a paperless environment by creating intelligent automation solutions for their critical goals using no-code platforms. No-code platforms are designed to create a working MVP with a substantially shorter software development life cycle and …

UK, China to ride WIC for more cooperation in digital, smart sectors
2 years, 5 months ago

UK, China to ride WIC for more cooperation in digital, smart sectors

China Daily  

Sinochem's booth is seen during an expo in Shanghai. John Edwards, UK trade commissioner to China, said the UK delegation will share innovative solutions from its own digital transformation, which covers science and technology, manufacturing, education, healthcare, agriculture, energy and chemical engineering sectors. Edwards said he hopes these advanced technologies and solutions from British companies contribute to China's digital transformation, …

Manufacturers embrace the digital economy
2 years, 7 months ago

Manufacturers embrace the digital economy

China Daily  

A visitor tries her hand on a driving simulator using digital technologies at the recent 2021 CIFTIS in Beijing. Effective measure Liu Qingfeng, chairman of iFlytek, a front-runner in the intelligent speech and AI industry, said new infrastructure projects such as 5G networks and data centers are crucial for developing the digital economy. "Digital transformation will also bring new opportunities …

Manufacturers embrace the digital economy
2 years, 7 months ago

Manufacturers embrace the digital economy

China Daily  

A worker displays smart monitoring equipment at the expo on June 24. Haier's digitalization drive offers a glimpse of how Chinese manufacturers, especially those in traditional industries, are embracing the digital economy, which is mainly represented by emerging information technologies and has become a key engine driving economic growth. Experts said the nation's greater emphasis on the sound development of …

Plan focuses on digital economy development during 14th Five-Year Plan period
2 years, 11 months ago

Plan focuses on digital economy development during 14th Five-Year Plan period

China Daily  

A time tunnel effect is displayed at Guizhou province's big data demonstration center in Guiyang. China will further promote the development of a digital economy during the 14th Five-Year Plan period, according to a circular issued by the General Office of the State Council on Jan 12, 2022. According to the plan, efforts will be made to accelerate the construction …

Innovations help separate outperformers from laggards
3 years, 7 months ago

Innovations help separate outperformers from laggards

China Daily  

As the COVID-19 pandemic accelerates digital transformation, businesses need to embrace technologies including artificial intelligence to match consumer expectations, increase core efficiencies and differentiate themselves, said Alain Benichou, CEO of IBM Greater China Group. "During the pandemic, the pace accelerated as companies packed many years of digital transformation into a much shorter time frame," Benichou said. Kitty Fok, managing director …

Action plan to expedite digitalization of State firms
3 years, 7 months ago

Action plan to expedite digitalization of State firms

China Daily  

A pupil watches a robotic arm in action during the fourth Digital China Summit in Fuzhou, Fujian province. China will launch a special action plan to speed up the digitalization process of State-owned enterprises, with more breakthroughs in core technologies, said an official during the fourth Digital China Summit in Fuzhou, the capital of Fujian province. Weng also said the …

Digital economy sees continued growth
3 years, 8 months ago

Digital economy sees continued growth

China Daily  

A visitor scans the QR code to learn about recruitment needs of digital economy talents during the Light of Internet Expo of the 2020 World Internet Conference in Wuzhen, East China's Zhejiang province, Nov 22, 2020. China's digital economy maintained rapid growth during the 13th Five-Year Plan period, with annual average growth of more than 16.6 percent, the People's Daily …

Digital economy sees continued growth
3 years, 9 months ago

Digital economy sees continued growth

China Daily  

China's digital economy maintained rapid growth during the 13th Five-Year Plan period, with annual average growth of more than 16.6 percent, the People's Daily overseas edition reported. China has put more effort into promoting the development of the digital economy in recent years, providing strong support for building a Digital China, said Yang Yuyan, director of the information technology development …

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