Moves in the dataset to drive digital fields

Experts: Guideline will align emerging industry with development and security

China’s latest efforts to build basic data systems and make better use of data resources are expected to activate the value of data elements, inject new impetus into the digital economy and promote high-quality development, they said. industry experts on Tuesday after reviewing a guide.

The guideline, released jointly on Monday by the Communist Party of China Central Committee and the State Council, China’s Cabinet, states that the country’s basic data systems will involve the establishment of a data property rights system, a system of circulation and commerce, a distribution of income and a system of government of security.

The country will take measures to make the most of the role of data resources, lower the threshold for market entities to gain access to data, and promote everyone to share the development dividends of the digital economy, the guideline stated.

“Building basic systems for data is a matter of development and national security. As a new type of production factor, data has been rapidly integrated into various areas such as production, distribution, circulation, consumption, and management of social services,” Longhaibo said. , Senior Researcher at the State Council Development Research Center.

Long emphasized that data elements have played an increasingly important role in accelerating the transformation and upgrading of industries, and driving the deep integration of the digital economy with the real economy, which has become a key gateway to promote high-quality development.

The 20 key measures for building basic data systems are of great importance to make full use of the country’s large amount of data and rich application scenarios, promote standardized circulation and commerce of data resources, and give great impetus to the digital economy, Long noted. .

Efforts should also be made to promote the efficient use and circulation of public data, business data, and personal data according to regulations, improve the efficiency of data resource governance, and actively participate in the formulation of international standards on data flows. cross-border 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 U.S. dollars) in 2021 to 198.9 billion yuan. yuan in 2025, with a compound annual growth rate exceeding 25 percent during the 14th Five-Year Plan Period (2021-25).

The country will establish a data property rights mechanism framework covering ownership of data resources, rights to use and process data, and rights to manage data-related products, and will also create a data governance pattern. multi-party data involving government, business and society, the National Development and Reform Commission said.

The experts said that collecting, managing and making good use of data resources is key to boosting the development of the big data industry.

Pan Helin, Co-Director of the Research Center for Financial Innovation and Digital Economy at the School of International Business at Zhejiang University, said: “Data elements are the key factors driving the industry of artificial intelligence and big data. Facilitating the circulation of data resources will enable data producers and data holders to transfer data to users through data trading, empower the real economy, and explore the value of data elements.”

Blockchain technology should be leveraged to further confirm the protection of data-related rights, which is also a prerequisite for data transaction and circulation, said Pan, calling for efforts to increase investment in frontier technologies to ensure the data security.

There will be increasing demand for computing infrastructure such as computer centers and data centers, as well as homegrown servers, chips and operating systems, along with the expansion of data element transactions, he said.

Noting that data resources serve as the foundation for the development of the digital economy, Ma Yanxin, a researcher at the Faculty of Law, South China Normal University, said that data circulation and transaction factors are currently mainly concentrated in the electric power and finance sectors, and more efforts should be made to enrich data transaction scenarios.