Poli­cies en­cour­age big data in­vest­ment

China Daily (USA) - - WUZHEN - By YANG CHENG in­Wuzhen, Zhe­jiang yangcheng@chi­nadaily.com.cn

Big data com­pa­nies in China are be­ing en­cour­aged by gov­ern­ment poli­cies to launch new ap­pli­ca­tions and re­al­ize more value in the cur­rent fiercely com­pet­i­tive en­vi­ron­ment, ac­cord­ing to Zhang Hao, CEO of Asi­aInfo Data.

“The sec­tor is em­brac­ing an un­par­al­leled golden era with ever stronger gov­ern­ment sup­port,” he said dur­ing the on­go­ing World In­ter­net Con­fer­ence.

Zhang added the gov­ern­ment’s pref­er­en­tial poli­cies are like a shot in the arm.

“Last year, with a new­pol­icy re­leased ev­ery two months, the gov­ern­ment gave a boost of con­fi­dence to the in­dus­try’s de­vel­op­ment,” Zhang said. “This year, the State Coun­cil’s lat­est pol­icy pack­ages to ac­cel­er­ate the in­dus­try are brew­ing more op­por­tu­ni­ties.”

Sta­tis­tics from the Global Big Data Ex­change, based in Guiyang, Guizhou prov­ince, show that China’s big data in­dus­try is ex­pected to gen­er­ate rev­enue of 16.9 bil­lion yuan ($2.46 bil­lion) in 2016. In the next four years, the an­nual av­er­age growth is ex­pected to hit 52.8 per­cent year-on-year.

Dur­ing the event, Zhang dis­cussed Asi­aInfo’s plans to snatch the lion’s share of the mar­ket.

He said the Bei­jing-based Zhang Hao, com­pany would bank its fu­ture rev­enue from ar­eas key to peo­ple’s liveli­hood, such as med­i­cal in­sur­ance ser­vices and pre­cisely tar­geted poverty relief.

For ex­am­ple, the Na­tional Health and Fam­ily Plan­ning Com­mis­sion has re­vealed an am­bi­tious tar­get to re­duce gov­ern­ment spend­ing on med­i­cal in­sur­ance, be­cause over-di­ag­noses, cheat­ing on drug use and a lack of trans­parency in dis­tri­bu­tion are in­creas­ing, par­tic­u­larly in sub­ur­ban ar­eas.

The com­mis­sion aims to halve lo­cal­go­v­ern­ment­ex­pen­di­ture on health in­sur­ance, whichcur­rently ac­counts for60 per­cent of all med­i­cal costs.

Lo­cal of­fi­cials now are plagued by the headache of find­ing ways to pre­vent the ris­ing num­ber of cheat­ing cases and to con­trol over-pre­scrip­tion of drugs for ur­ban cit­i­zens.

Asi­aInfo is im­ple­ment­ing a project in Xianyang, a city with a pop­u­la­tion of 4.97 mil­lion in Shaanxi prov­ince, to help ex­am­ine and mon­i­tor the use of medicines.

The big data cloud map­ping plat­form has sig­nif­i­cantly re­duced fraud by catch­ing peo­ple­whomake­fre­quent re­quests to doc­tors in dif­fer­ent hos­pi­tals or use other peo­ple’s in­sur­ance.

Qianx­i­nan Buyi and Miao au­ton­o­mous pre­fec­ture, which has a pop­u­la­tion of 3.48 mil­lion in 16,805 square kilo­me­ters of Southwest China’s Guizhou prov­ince, has be­come the third-largest poverty-stricken re­gion in China.

“It was dif­fi­cult for the pro­vin­cial gov­ern­ment to learn whether poverty-relief of­fi­cials had found the peo­ple in crit­i­cal need or whether some peo­ple in deep for­est vil­lages had fal­si­fied iden­ti­ties to get money,” lo­cal of­fi­cials told Zhang.

With big data solv­ing those prob­lems for govern­ments, many­compa­nieshave­be­gunto cash in on the bo­nanza. Their mas­sive foray into the sec­tor is rais­ing mar­ket aware­ness.

New prob­lems are dis­tort­ing the mar­ket or­der, such as in­for­ma­tion leak­age, il­le­gal data trad­ing, ex­ces­sive gov­ern­ment in­vest­ment and in­fringe­ment of pri­vacy, Zhang noted. He sug­gested that more le­gal ef­forts are in the pipe­line to counter these prob­lems.

The com­pany is ex­pected to see its rev­enue rise 30 per­cent year-on-year in 2016.

The sec­tor is em­brac ing an un­par­al­leled golden era with ever stronger gov­ern­ment sup­port.” CEO, Asi­aInfo Data

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