Moves on data set to drive digital fields
Experts: Guideline will align nascent industry with development, security
China’s latest efforts to build basic systems for data and better use data resources are expected to activate the value of data elements, give new impetus to the digital economy and promote high-quality development, industry experts said on Tuesday after reviewing a a guideline.
The guideline, jointly released Monday by the Communist Party of China Central Committee and the State Council, China’s cabinet, said the country’s basic systems for data will include the establishment of a data property law system, a circulation and trading system, a revenue distribution involves system, and a security control system.
The country will take steps to fully play the role of data sources, lower the threshold for market entities to access data, and promote the sharing of the development dividends of the digital economy by all, the guideline said.
“The construction of basic systems for data is a matter of national development and security. As a new type of production factor, data has been rapidly integrated into various areas such as production, distribution, circulation, consumption and social service management,” said Long Haibo. , a senior researcher at the Development Research Center of the State Council.
Long emphasized that data elements have played an increasingly important role in accelerating transformation and upgrading of industries, and promoting in-depth integration of the digital economy with the real economy, which has become a key gateway to development of promote high quality.
The 20 key measures to build basic systems for data are of great importance to make full use of the country’s big data and rich application scenarios, promote the standardized circulation and trading of data resources, and give a great boost to the digital economy, noticed for a long time. .
Efforts should also be made to promote the efficient use and circulation of public data, enterprise data and personal data as per regulations, improve the management efficiency of data resources, and actively participate in the formulation of international rules on cross-border data flows, according to the guideline .
Data from the National Industrial Information Security Development Research Center showed that China’s data element market revenue is expected to rise from 81.5 billion yuan ($11.7 billion) in 2021 to 198.9 billion yuan in 2025, with the compound annual growth rate exceeding 25 percent during the 14th Five-Year Plan period (2021-2025).
The country will establish a data property rights mechanism framework that covers data resource ownership, data processing and use rights, and management rights of data-related products, as well as build a multi-party data management pattern involving the government, enterprises and society, it said. the National Development and Reform Commission.
Experts said that the collection, management and good use of data resources is the key to strengthen the development of the big data sector.
Pan Helin, Associate Director of the Research Center for Digital Economy and Financial Innovation at Zhejiang University’s International Business School, said: “Data elements are the key factors driving the artificial intelligence and big data industry. Facilitating the circulation of data resources will enable data producers set. and containers to transfer data to users through data trading, empowering the real economy and exploring the value of data elements.”
Blockchain technology should be used to further strengthen the protection of data-related rights, which is also the prerequisite for data transaction and circulation, Pan said, calling for efforts to increase investment in border technologies to ensure data security. ensure.
There will be increasing demand for computing infrastructure such as computing hubs and data centers, as well as home-grown servers, chips and operating systems, along with expanding transactions for data elements, he said.
Ma Yanxin, a researcher at the Law School of South China Normal University, said that the circulation and transaction of data factors are currently mainly concentrated in the sectors of electric power and finance, and that data resources as the basis of development of the digital economy, and more efforts should be made to enrich data transaction scenarios.