Big data lab to boost digital economy

ing big data to industries, we will build innovation centers and conduct research in key technologies for industries like China launched its first finance, media, advanced mannational engineering laboratoufacturing, energy, healthcare ry for big data distribution and and education.” exchange technologies on SatHe also said the lab will urday. research policy, to help set qual

The move is seen boosting ity and service standards in big the country’s digital economy data. and helping build its strengths The lab was approved by the to compete in the global marNational Development and ket. Reform Commission, China’s

Yang Shanlin, director of the top economic planner, in February.labandanacademicianatthe Chinese Academy of Engineerhe lab will be led by Shanging, said the lab will seek breakhai Data Exchange Corp. Other throughs in the research and backers include China Internet application of big data. Network Information Center,

It will also help the governChina United Network Comment better regulate the munications Group Co, Fudan exchange and distribution University, the China Academy process. of Information and Communi

“We will actively conduct cations Technology, and Inspur research in the fundamental Group Co Ltd. theories of big data, including “We will work closely with data collection, open data and our partners to promote data security. In terms of apply- research into key technologies and applications of big data in different fields,” said Tang Qifeng, CEO of Shanghai Data Exchange Corp.

According to Tang, 13 research centers have been set up to conduct related research. The centers would be led by different enterprises, institutions and universities.

Tang said about one-third of the investment came from the NDRC, and the rest was contributed by Shanghai Data Exchange Corp and its partners.

With more than 700 million internet users and over 1.3 billion mobile phone users, China is among the largest data producers on the globe, and is entering a period of rapid development of information and technology industries.

From 2010 to 2015, China has doubled its sales in the information industry, hitting 17.1 trillion yuan ($2.47 trillion), according to a government plan unveiled in January.