In order for the digital economy to flourish, data exchange has become increasingly crucial in the rapid expansion of China's data factor market. On November 25, 2023, the Global Data Ecosystem Conference 2023 (GDEC 2023) was held in Shanghai. Deputy Party Secretary and Mayor of Shanghai, Gong Zheng, was in attendance and inaugurated the event as the event's keynote speaker. The keynote address was given by Liu Liehong, the Party Secretary and the Director of the National Data Bureau, as well as Chen Jie, the Shanghai Vice Mayor.
During the conference, which was themed "Data World, Connected Future", a number of international data products were launched concurrently as well as major accomplishments in the development of data factor market infrastructures were highlighted. As part of a collaboration between several data exchange institutions, the DexChain data exchange chain was established, and the Trust Framework initiative was launched. This initiative aimed at ensuring the integrity and dependability of the data factor market as a whole.
There was a simultaneous launch of multiple international data products during the conference, as well as significant accomplishments in the development of the data factor market infrastructure. The conference was themed "Data World, Connected Future." Several data exchange institutions collaborated to set up a data exchange chain (DexChain), launching the "Trust Framework" initiative, aimed at enhancing the integrity and dependability of the market for data factors.
It consists of an opening ceremony, a main forum, a data exchange festival, and 20 themed forums, as well as a main forum. More than 20 senior researchers and global experts, as well as top executives from more than 20 international organizations and national think tanks, will present at this conference. More than 1,000 data service providers and 10,000 industry professionals attended the event in person and participated in over 300 thematic presentations, panel discussions, and corporate roadshows.
Roll-out of International Data Products: From Local to Global Integration and Cross-Border Collaboration
It was a significant milestone in the evolution of global data collaboration, as there was a shift from local to international data networks with the launch of international data products at the conference. In order to enhance procedures for cross-border data flows, and to encourage relationships between domestic corporations and multinational corporations to exchange data with each other, the Shanghai Data Exchange (SDE) spearheaded the establishment of an international platform.. Ten leading companies in the industry, including Dun & Bradstreet, SberAnalytics, Euromonitor, Bloomberg, London Stock Exchange Group (LSEG), Mandata, WK Info, Innobator, China National Publications Import and Export (Group) and PIESAT Information Technology, presented their international data offerings in recognition of this evolution.. A variety of countries and regions were represented by these offerings, including Hong Kong, the Netherlands, Russia, South Korea, the UK and the US. The services covered finance, industry, environment, biomedicine, and remote sensing, among other areas.. By taking part in this initiative, a significant increase in the availability of premium data products has been achieved, which has played a crucial role in the development of a global data ecosystem
By taking part in this initiative, a significant increase in the availability of premium data products has been achieved, which has played a crucial role in the development of a global data ecosystem
A number of entities are going to collaborate with SDE on both a global and regional scale, including the International Data Spaces Association (IDSA), DAMA International, the CATENA-X Association, the Information Systems Audit and Control Association (ISACA), and the Hong Kong Chamber of Data & Digital Commerce.. The purpose of these partnerships is to facilitate the connectivity of data around the world. As a result of Shanghai's initiatives, it is hoping to strengthen its global data exchange platform, support international integration, and improve the flow of cross-border capital, technology, and trade.
As a result of Shanghai's initiatives, it is hoping to strengthen its global data exchange platform, support international integration, and improve the flow of cross-border capital, technology, and trade.
The Shanghai-Hong Kong Data Link: A Dual-City Collaboration for the Development of a Data Ecosystem in the Shanghai-Hong Kong Region
As of 2023, the Shanghai-Hong Kong collaboration mechanism will be celebrating its 20th anniversary, a partnership that has been characterized by continuous growth and deepening of exchanges, with significant achievements as a result. A dedicated Hong Kong venue was included in the conference to further enhance comprehensive data exchange and collaboration between Shanghai and Hong Kong. As part of the event, a forum, a symposium for data service providers, and a lineup of corporate networking events were held at this venue. The main focus of these events was the exchange, circulation, and sharing of data products, as well as the advancement of Web3 technologies in general
The main focus of these events was the exchange, circulation, and sharing of data products, as well as the advancement of Web3 technologies in general
There was an official launch of the Hong Kong Chamber of Data & Digital Commerce Organizing Committee during GDEC 2023. In an effort to develop a data ecosystem and cultivate third-party service providers, this newly established association has formed an alliance with the Shanghai Data Service Provider Association in order to introduce new data products, build a data ecosystem, and cultivate the development of new data products. In order to advance mutual empowerment and facilitate the development of data ecosystems and data assetization, this alliance aims to advance mutual empowerment.
As part of the launch, DexChain enabled "Unified Listing, Nationwide Acceptance" throughout the entire Chinese market
It was during the conference that DexChain was officially launched, thereby achieving a significant milestone that allows the exchange of any data products that are available through any of the cooperating entities across the entire DexChain network to take place across the entire network.. There has been a cooperative effort between seven provincial data trading institutions that has resulted in the establishment of this network: The SDE, Zhejiang Big Data Exchange Center, Shandong Data Exchange, Guangzhou Data Exchange, Beibu Gulf Data Exchange, Western China Data Exchange, and Northern China Big Data Exchange.. In order to facilitate deep collaboration and to build an ecosystem of data, these organizations have set up consensus nodes in a consortium blockchain network, allowing them to establish consensus nodes in the network. Several other institutions, such as the Zhengzhou Data Exchange Center, Hunan Big Data Exchange, Qingdao Big Data Exchange Center, and Suzhou Big Data Exchange, among others, have shown keen interest in joining the collaboration as a second wave of participants.. As a result of their collaboration, they are now actively pursuing their "Trust Framework" initiative, which focuses on creating unified systems, establishing common standards, promoting data exchange chains, sharing services, and facilitating interconnected ecosystems.
As a result of their collaboration, they are now actively pursuing their "Trust Framework" initiative, which focuses on creating unified systems, establishing common standards, promoting data exchange chains, sharing services, and facilitating interconnected ecosystems.
Providing a full suite of services that include data exchange and value-added data exchange, transactional support, and financial services for data products, DexChain reaches across the entire spectrum of the marketplace for data exchange.. In the near future, the National Data Exchange Alliance intends to expand its reach by launching a number of regional hubs and platforms specific to specific industries. Among the key elements of this growth strategy will be the establishment of regional nodes within the chain and the implementation of operational standards and norms. The standards will cover areas such as node access and exit procedures, tiered and delegated management, security and operational efficiency, regulatory compliance, and sustainability measures to reduce energy consumption by nodes.. This initiative has the primary objective of promoting "data interconnectivity, cross-domain collaboration, intelligent orchestration, and reliable exchange" within the framework of an integrated, multi-tiered nationwide data factor marketplace that is integrated, multi-domain and multi-tiered in nature.
This initiative has the primary objective of promoting "data interconnectivity, cross-domain collaboration, intelligent orchestration, and reliable exchange" within the framework of an integrated, multi-tiered nationwide data factor marketplace that is integrated, multi-domain and multi-tiered in nature.
In order to measure market sentiment, the Data Factor Market Development Index was created as a measure of market development
It was during GDEC 2023 that the Data Factor Market Development Index was unveiled, which has proven to be an essential barometer for the market's progress. In order to create this index, SDE collaborated with the National Engineering Laboratory for Big Data Distribution and Exchange Technologies to create two components: the Data Factor Market Cities 30 Index and the Data Factor Market Sentiment Index.. It is intended that the indexes offer comprehensive and precise reference data, which will assist both government policy-making processes as well as decision-making processes within the market.
It is intended that the indexes offer comprehensive and precise reference data, which will assist both government policy-making processes as well as decision-making processes within the market.
A measure of the state of the data asset market across major cities in China can be found in the Cities 30 Index. In order to maximize the role of data factor, the "Opinions on Building Basic Systems for Data to Maximize the Role of Data Factor", alternatively known as the "Twenty Data Measures", issued by the Central Committee of the Communist Party of China and the State Council, adheres to the principles outlined in the opinions.. On the other hand, the Sentiment Index is structured in such a way that it mirrors a Purchasing Managers' Index (PMI) for the market for data factors. There is an assessment of the sector's health and future prospects, based on variables such as transaction volumes, order books, profitability, pricing trends, workforce dynamics, R&D activities, and market expectations in the data exchange sector.
There is an assessment of the sector's health and future prospects, based on variables such as transaction volumes, order books, profitability, pricing trends, workforce dynamics, R&D activities, and market expectations in the data exchange sector.
Announcing Key Infrastructure Milestones and Pioneering Innovations in the Data Asset Market in 2017
It is no surprise that Shanghai presented itself at GDEC 2023 as one of the most important centers for China's data factor market, where it highlights significant developments in its market collaborations, further elevating its profile as a key player within the industry.
With Shanghai's first data brands, we are enhancing data solutions with expertise and brand recognition
The purpose of Shanghai is to drive the evolution of the data exchange sector through its coordinated initiatives, including the development of data products towards analytical sophistication, brand equity, and niche expertise, as well as enhancing the sector's innovation capacity, its informational depth, and its market maturity.. The Shanghai Municipality rolled out a data branding program in October and implemented the "Shanghai Data" certification system with the aim of creating synergies between established companies and reliable data sources. There will be a launch of the inaugural group of certified "Shanghai Data" brands during GDEC 2023. A number of prominent brands were included in this collection, including ICBC Shanghai Municipal Branch, E&P International, Shanghai Public Transportation Card Company (SPTCC), UnionPay Advisors, COSMOplat, CRIC, ChinaScope, JinRon Digits, Nana Technology, Winner Technology and Midu, all with extensive coverage of finance, manufacturing, transportation, sports, and technology.. In the coming years, Shanghai has committed to driving both the growth of data products as well as the enhancement of their quality. It is also the city's vision to refine the integration of brands with the expansion of data services, further establishing the stature of the "Shanghai Data" brand and its impact on this sector in the coming years.
It is also the city's vision to refine the integration of brands with the expansion of data services, further establishing the stature of the "Shanghai Data" brand and its impact on this sector in the coming years.
Developing Fast-Track Data Infrastructure Frameworks, 20 Specialized Theme Forums to Develop Strategic Roadmaps for Data Infrastructure
A wide range of critical topics were addressed during the 20 specialized theme forums that were organized during GDEC 2023. It encompassed the development and utilization of government open data, innovation in how open data is used and applied, regulatory compliance in the circulation and exchange of information, data infrastructure, international data transfers, and innovative uses of data assets.. Almost 1000 participants from both domestic and international data service providers participated in the forums, sparking a discussion on current and emerging trends in the market for data factoring.. It created a platform for global exchange and collaboration between industry leaders and prominent data exchange entities, creating a vital convergence point for industry leaders and prominent data exchange entities. In the context of this setting, innovative thinking was fostered and new models were investigated to advance China's data factor market in a way that will benefit both parties. There were many interactions and partnerships formed at these forums that highlighted the necessity of enhancing fundamental data governance and exchange frameworks, as well as focusing on continuous innovation and leading experimental initiatives in these areas.
There were many interactions and partnerships formed at these forums that highlighted the necessity of enhancing fundamental data governance and exchange frameworks, as well as focusing on continuous innovation and leading experimental initiatives in these areas.
The Shanghai Data Exchange is the source of this information
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