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China’s Big Data Industry on the Rise

The scale of China’s big data industry is estimated to surpass three trillion RMB by 2025, with a compound growth rate of about 25%, according to a development plan for the big data industry during the 14th Five-Year Plan period (2021-2025) released by the Ministry of Industry and Information Technology (MIIT).

The plan also proposes to primarily establish an evaluation system for data element value, make the foundation of the big data industry more solid, create a stable and efficient industrial chain, and promote the positive development of the industrial ecology.

To achieve the goals, China will accelerate the cultivation of the data element market and transform the advantages unique to big data into important driving forces for the high-quality development of the industry.

The arrangement of telecommunications infrastructure is to be accelerated, including setting up an integrated national big data centre and a big data centre for the industrial Internet. Technological innovation and standardisation will be strengthened as well.

Regarding building a stable and efficient industrial chain, the plan puts forward a value enhancement action of big data in raw materials, equipment manufacturing, consumer goods and electronic information. There will be another action of big data development and application in nine fields, including telecommunications, finance and medical treatment.

To build a good industrial ecology, China plans to encourage the development of concerned enterprises, optimise the public service through big data and promote the clustering development of the big data industry.

Data security is also emphasised in the plan. The country aims to enhance its ability in data security management, reinforce the management of cross-border data security and set up a monitoring system for data security. MIIT also simultaneously released a development plan for the software and information technology services sector, and one on integrating China’s industrial sector with information technologies.

MIIT also called for improved cross-border security management of big data till 2025, in a five-year plan. The plan comes as the country has pushed forward its regulatory framework for data and technology. It re-affirms data as a factor of production and a national strategic resource.

The plan contains six key tasks, including improving the marketisation of data, improving computing power, and playing a leading role in developing global technology standards. It also called for the strengthening of the management of cross-border data flows and more support for open source initiatives.

Beijing implemented two key laws this year – the Personal Information Protection Law and the Data Security Law, which govern how companies and organisations may store and move data. As reported by OpenGov Asia, the Personal Information Protection Law makes provisions prohibiting the excessive collection of personal information and big data-enabled price discrimination against existing customers. According to the law, when pushing information and business marketing to individuals through automated decision-making, personal information processors should refrain from targeting users’ personal characteristics and offer ways for them to reject the offer.

The law also mandates the suspension or termination of services for apps that illegally process personal data. Prominent signs must be put up in public places where image acquisition and personal identification equipment are installed, stipulating that the collected images and identification information can only be used to safeguard public security.

Sensitive personal information, such as one’s biological data, religious beliefs, health, financial information and whereabouts, and the personal information of the minors under 14, is protected under the law. It can only be processed for a specific purpose, sufficient necessity and strict protection measures.

Chinese internet companies have already introduced measures to reflect their information protection obligations, some even before the law’s implementation. China’s e-commerce giant issued a notice on its open platform to strengthen the protection of sensitive information in consumer orders, launching a consumer sensitive information protection plan to encrypt sensitive information.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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