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China to Build Four National Computing Hubs

China has approved plans to build four national integrated computing hubs as part of its ongoing efforts to increase the nation’s computing capacity and speed up the construction of new infrastructure. Industry experts said the plan released by the National Development and Reform Commission and three other central departments is in line with the national strategy of promoting green, high-quality development of the digital economy and injecting new impetus into economic growth.

Under the plan, each hub will give full play to its advantages in the market, technology, talent and capital, develop data centre clusters with high energy efficiency and low carbon emissions, improve the quality of data supply, and realise the coordinated and sustainable development of large-scale computing power deployment with land, energy, water, electricity and other resources.

With the blossoming of new-generation information technologies like 5G, artificial intelligence, the internet of things and the industrial internet, data have become a national basic resource and an important factor of production. The establishment of national integrated computing hubs will improve efficiency in the use of computing resources, boost the free flow of data and promote the high-quality development of the digital economy.

The investment in establishing data centre clusters is enormous. Chinese technology companies should utilise innovative technologies to improve data centres’ operational efficiency and cut power consumption. After years of development, China has taken a lead in the world in the big data sector. The Ministry of Industry and Information Technology unveiled a plan for the big data sector’s development during the 14th Five-Year Plan period (2021-25), envisaging a scale topping 3 trillion yuan ($473.7 billion) by the end of 2025, with a compound annual growth rate of around 25%.

China’s big data sector grew rapidly over the past five years, with the scale exceeding 1 trillion yuan by 2020. The construction of national integrated computing hubs will provide strong support for the growth of advanced manufacturing, boost technological innovation and enhance the country’s core competitiveness.

The nation seeks to tap the value of massive data resources more efficiently. These hubs are capital and technology-intensive and need a large number of technical professionals. More efforts should be made to strengthen network transmission capacity among these national hubs. Data centres should increase computing efficiency, save computing energy consumption and truly meet the needs of future smart computing.

The scale of the country’s big data industry will likely exceed 3 trillion yuan (about $470 billion) by the end of 2025, with a compound annual growth rate of around 25%. A market-oriented pricing mechanism for data as a key factor of production will be established by then, the MIIT said, adding that it would raise the social awareness of big data and incentivise advanced big data-powered products and services. China’s big data sector saw rapid development during the past five years, with the scale exceeding 1 trillion yuan by 2020.

As reported by OpenGov Asia, industry experts and financial-technology service providers called for the upgrade of homegrown financial-technology capabilities to further elevate the financial sector and boost the digitalisation of other industry sectors.

The insurance industry is likely to be a forerunner in terms of digital transformation. The operation efficiency and sophistication level of service in the insurance sector should be further enhanced despite initial progress in the realm, as digitalisation is becoming a prerequisite for all insurance service providers. There is also a basic demand to leverage financial-technology measures to counter potential cybersecurity risks, as large amounts of data are leveraged for daily operations and business decisions.

The digitalisation of financial services would help resolve financial imbalances and further serve underfinanced groups. The digitalisation of financial services offers tailor-made solutions for small and micro businesses and helps mitigate risks for commercial lenders.

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.

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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.

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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.

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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. 

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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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