February 21, 2024

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Shanghai Data Exchange Uses the Metaverse to Attract Global Talent

In its first recruiting campaign since its debut in November, the Shanghai Data Exchange (SDE) is beginning to recruit globally for 150 positions this week, a strategic move for the city’s blueprint to becoming “a global digital hub.” What makes it seminal is the campaign will make the most of the metaverse — an emerging technology that is viewed by industry leaders as Internet Communication Technology (ICT) technology’s next big thing.

The metaverse-style recruiting features an immersive experience and digital collection gifts for applicants, the government-backed data exchange disclosed. Apparently, the 150 positions up for grabs cover nine divisions:

  • Trade Management
  • Marketing Development
  • Data Trader Service
  • Strategic Development
  • Risk Control
  • Product Development
  • Human Resources
  • Financial Management
  • Research Institute

To facilitate the immersive recruitment process, the exchange has established a “metaverse hall.” The platform should enable applicants to explore companies and job descriptions online, submit resumes and virtually attend interactive activities. But there’s more. Attendants also are given the opportunity to receive digital collections issued by the exchange. Plus, a fast-track entry for Shanghai residency is possible for those who meet certain conditions.

Metaverse, or “meta-universe,” is an emerging technology that is challenging traditional perceptions. In essence, it is a collective 3D virtual world where users can participate in different activities through their digital avatars. In short, it’s a virtual reality on steroids.

As it became a buzzword in 2021, the metaverse created a meta-market frenzy in stocks, spurring hopes of a boost in virtual realms that unlock significant real-world dollars. Its real-life applications are far-reaching as metaverse shape up an alternate digital reality where people could interact with each other, play games, or work in collaboration with their colleagues — and apparently recruit. The digital collection offered by SDE is also in a metaverse format.

Shanghai is the first city in the nation to put metaverse development in the city’s long-term development blueprint and part of its digital hub plan. It is also the most populous of all Chinese cities, not to mention widely considered as the wealthiest. In its digital transformation, China’s biggest city may also go down in history as the first to use the metaverse in recruitment.

Located in the Pudong New Area, the Shanghai Data Exchange includes organisations servicing data transactions, data asset evaluations, data security and other sectors to build a complete industry ecosystem in Shanghai. At a grand opening event last November, Shanghai Mayor Gong Zheng unveiled the exchange.

The importance of data exchanges in business cannot be overemphasised. These platforms are the bridges that connect an array of data providers with their large set of data to data acquirers who need relevant data to form timely insight that allows them to effectively proceed in their business. With SDE in operation, banks are now able to easily access data from public utilities and mobile carriers when deciding on loans to businesses. In the process, they reduce their risk exposure.

China’s path to digital transformation is anything but timid. The Asian country, time and again, has shown that it is willing to go the distance to explore all possible areas to move its  digital economy forward. The metaverse recruitment by the Shanghai Data Exchange attests to this.

The road ahead has been filled with a lot of back and forth. Indeed, the country’s digital adoption has not been as straightforward as China would want it to be. But it has not lost sight of technology as a tool of empowerment. As reported on OpenGov Asia, regional leaders in their recent “Two Sessions” annual meet have placed priority on the latest technologies ICT offers today.

PARTNER

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.

PARTNER

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.

PARTNER

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.

SUPPORTING ORGANISATION

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.

PARTNER

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. 

PARTNER

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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