More capital in digital field key to transformation
7 months 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 high-tech path to a greener, brighter future
1 week, 6 days ago

China's high-tech path to a greener, brighter future

China Daily  

JIN DING/CHINA DAILY One of the most compelling aspects of China's economic transformation is its strategic embrace of digital technology and artificial intelligence as catalysts for sustainable growth. This refined approach ensures capital allocation aligns with long-term productivity gains and environmental sustainability, reinforcing China's transition toward an innovation-driven economy. China's economic policies are being shaped by its response to global …

Understanding the process of successful digital transformation
2 months ago

Understanding the process of successful digital transformation

The Independent  

Headforwards is a Business Reporter client Business Reporter: headforwards It might sound counterintuitive for a technology delivery partner to say that digital transformations are not really about technology. Maintaining consistent alignment throughout the process Digital transformation is not a one-off event but an ongoing process that requires continuous alignment across all teams. Real-world success: digital transformation in a local authority …

Shanghai launches measures to promote digital transformation
2 months, 2 weeks ago

Shanghai launches measures to promote digital transformation

China Daily  

Shanghai unveils a package of measures on Jan 10 to facilitate its manufacturing sector's digital transformation, including publishing a practice guideline for industrial large language models, certifying pioneer firms in industrial internet development, and launching AI-powered innovative labs. According to official sources, Shanghai unveiled a package of measures on Jan 10 to facilitate its manufacturing sector's digital transformation. These measures …

China's enterprises willing to invest in transformation projects
4 months, 3 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
5 months, 2 weeks 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
7 months 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!
7 months, 3 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!
7 months, 3 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
8 months, 3 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'
9 months, 3 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
10 months, 2 weeks 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, 4 months 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, 8 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, 9 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, 10 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, 10 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
3 years, 2 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, 10 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, 11 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
4 years 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
4 years 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 …

Nation to promote digital upgrade
4 years, 8 months ago

Nation to promote digital upgrade

China Daily  

A child interacts with an intelligent robot during the 2019 Smart China Expo in Southwest China's Chongqing municipality, on Aug 27, 2019. China is actively accelerating the integrated development of next-generation information technology and manufacturing, in a bid to further promote digital transformation and foster high-quality development. Experts said the integration of the two sectors will help accelerate the comprehensive …

Digital industry plays a bigger role in economic growth
5 years, 10 months ago

Digital industry plays a bigger role in economic growth

China Daily  

Visitors to the Light of the Internet Expo, part of the World Internet Conference, try a wearable musical device using virtual reality technology. China's digital economy, which uses internet technologies to empower industries and reshape people's lives, accounted for a third of the nation's GDP in 2018, a report tracking the sector's development said. The volume of the nation's digital …

Talent war intensifies in tech, digital, financial services sector
5 years, 11 months ago

Talent war intensifies in tech, digital, financial services sector

China Daily  

Job seekers speak with recruiters at Hefei University in Hefei, Anhui province, at a job fair for college graduates. China's demand for talents in technology, digital and financial services sector will continue to grow, while the education sector may see a tight talent crunch as demand still outweighs supply, a new report said. The evolution of technology in China has …

Opinion | Strategizing in the age of digital transformation
6 years, 1 month ago

Opinion | Strategizing in the age of digital transformation

Live Mint  

In an age when digital transformation has become the C-suite agenda, many companies are still finding it difficult to understand how to begin the process. Aided by technology, there’s a clamour among both Business-to-Business and Business-to-Customer companies in deepening customer engagement through hyper-personalized experiences across multiple channels. While terms such as ‘long-term customer value’ and ‘cost of customer acquisition’ have …

How India Inc can embrace digital transformation at every part of the value chain
6 years, 5 months ago

How India Inc can embrace digital transformation at every part of the value chain

Firstpost  

With disruption becoming the new game in modern times, India Inc’s digital transformation has also picked up a rapid pace, and it is no more about a customer-first challenge. But there are a string of impediments in the digital transformation funnel, such as if all the stakeholders share the digital-first vision, or how to become agile or getting right talent …

Embracing challenges in the digital era
7 years ago

Embracing challenges in the digital era

China Daily  

Artificial intelligence software is demonstrated at a Microsoft booth during the China National Computer Congress 2017 in Fuzhou, East China's Fujian province. Microsoft's Alain Crozier says tech will help create a new industrial revolution Please use three words to describe China's changes in the past 40 years. China, along with most countries around the world, is facing the challenges and …

Digital tech reshaping ad industry
7 years, 1 month ago

Digital tech reshaping ad industry

China Daily  

Yannick Bollore, chairman and chief executive officer of Havas Group attends the Vivendi company's shareholders meeting in Paris, France, April 25, 2017. Head of Paris-based advertising firm Havas Group vows to invest more in China, especially in talents Yannick Bollore, global chairman and CEO of the Paris-based advertising company Havas Group, believes that digital technology will shape how modern people …

Rapid advances power China's online transformation
7 years, 3 months ago

Rapid advances power China's online transformation

China Daily  

Nation fast becoming global hotbed for innovation and product development What happens every minute online in China? China officially launched the Internet Plus initiative in 2015, which was designed to upgrade traditional industries by embracing new technologies such as mobile internet, cloud computing, big data, and the internet of things. "We will work faster to build China into a manufacturer …

Businesses in Asia/Pacific region are behind global counterparts in digital maturity: Gartner
7 years, 10 months ago

Businesses in Asia/Pacific region are behind global counterparts in digital maturity: Gartner

Firstpost  

Asia/Pacific enterprises are slightly behind global counterparts in terms of digital business maturity, with 20 per cent of Asia/Pacific CEOs describing their enterprise as “digital to the core,” compared with 22 per cent globally, market research firm Gartner said on Thursday. According to the Gartner, 45 per cent of Asia/Pacific CEOs think of digital transformation as a way to optimise …

Analog reality of digital transformation
8 years, 9 months ago

Analog reality of digital transformation

Live Mint  

Companies across sectors are embracing digital technologies as they ready themselves for the next wave of competition and disruption. Our Digital Transformation research has seen us assess more than 3,000 companies globally for digital maturity: the goal is to understand how companies are transforming, how business is changing and what the new digital ecosystem looks like. However, while their impact …

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