Analysis of China's Big Data Development Status: It is expected that the output value of China's big data market will exceed RMB 1 trillion by 2020

[Analysis of the status quo of China's big data development: it is expected that the output value of China's big data market will exceed RMB 1 trillion by 2020] With the integration of information technology and human production and life, the Internet is rapidly becoming popular, and global data is characterized by explosive growth and massive agglomeration. Social governance, state management, and people’s lives have all had a major impact.

In the past 2017, Big Data has made remarkable progress in many aspects such as policy, technology, industry, and applications.

At the policy level, the importance of big data has been further consolidated. The 19th CPC National Congress proposed to “promote the deep integration of the Internet, big data, artificial intelligence, and the real economy.” General Secretary Xi Jinping profoundly analyzed the status quo and trends of the development of China’s big data in the collective learning of the Politburo, and implemented the National Big Data Strategy for China. Put forward higher requirements.

At the technical level, big data technologies such as analytics, transaction processing, and flow-based technologies have been rapidly developed. The open data-led, multi-technology and architecture coexisting big data technology architecture system has taken shape. The computing performance of big data technology is further improved, processing delay is continuously reduced, hardware capabilities are fully tapped, and the ability to integrate with various databases continues to increase.

At the industry level, China's big data industry continues to maintain rapid development. Big data will infiltrate into all walks of life in 2018. (For the scale of China's big data industry, all research institutions currently adopt indirect methods to estimate.)

According to the “Analysis Report on Big Data Industry Development Prospects and Investment Strategic Planning” released by the Industrial Development Research Institute, the size of China's big data industry reached 470 billion yuan in 2017, an increase of 30% year-on-year; of these, the output value of the big data hardware industry was 234. Billion yuan, a year-on-year increase of 39%. With the continuous deepening of the integration and application of big data in various industries, it is expected that the output value of China's big data market will exceed RMB 1 trillion in 2020.

2015-2020 China Big Data Industry Scale Forecast

At the application level, the convergence of big data in various industries continues to deepen. Big data companies are enjoying the "sweet spot" brought about by the development of integration with the real economy. The use of big data can analyze market demand, optimize production processes, supply chain and logistics management, energy management, and provide intelligent customer services for the real economy industry. This not only greatly expands the target market for big data companies, but also becomes a large number of big data companies. The important driving force of technological progress.

As the depth of integration and market potential are continuously tapped, the benefits and value of converged development for big data companies are increasingly evident. According to statistics of big data industry maps, the largest number of companies that provide big data products and Solutions for finance, government affairs, and e-commerce businesses account for 63%, 57%, and 47% respectively. However, in practice, it still faces a series of problems such as the lack of high-quality data, lack of platform-level tools, and lack of mature business models, which hinders the value of the real economy industry from making full use of big data.

In the development of local big data, as of the end of February 2018, local governments in China announced more than 110 policies related to big data, covering 31 provincial administrative divisions. On the whole, China's big data industry is still in a vigorous development stage. Local governments pay more attention to the development of big data industry combined with local development characteristics and advantages. The development of regional coordination is taking shape.

In the process of the development of big data, both the government and the enterprise have increasingly focused on the importance of data governance and data asset management in recent years. In March 2018, the China Banking Regulatory Commission issued the "Data Governance Guidelines for Banking Financial Institutions." It requires bank financial institutions to establish a top-down, coordinated data governance system. The enterprise's data asset management is also moving from theory to practice, laying a solid foundation for big data applications.

In order to cope with the problems and demands brought about by the development of big data, governments in various countries have also taken actions in legislation, and have made some progress in the opening of government data, protection of personal information, and cross-border flow of data. Both policies and legislation are aimed at achieving the safe release of data values ​​and improving the scientific level of data management.

Our country must achieve a transformation from a "data big country" to a "data powerful country" and still face many challenges. First, technological innovation and support capabilities are still insufficient. There is a large gap between China's new computing platforms, distributed computing architectures, and big data processing, analysis, and presentation, and it is generally difficult to meet the needs of big data applications in all industries. .

Second, the information security and data management system has not yet been established. The relevant laws, regulations and information security such as data ownership and privacy rights and the lack or operability of open and shared standards and standards are not strong, and technical security prevention and management capabilities are not sufficient.

Third, the construction of a talent team needs to be strengthened. Big data talents are far from meeting the needs of development. In particular, there is a shortage of comprehensive talents who are familiar with the business needs of the industry and who have mastered big data technology and management.

In the future, we need to continue to adhere to the national big data strategy, review the situation carefully and carefully, and strive to open up a new situation for the development of big data to better serve our country’s economic and social development and improvement of people’s lives.

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