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Focus on Boao | Boao Annual Conference focuses on the development of the digital economy Telecom innovation practice empowers the future of the industry

Focus on Boao | Boao Annual Conference focuses on the development of the digital economy Telecom innovation practice empowers the future of the industry

(Reporter Jiang Longlong) The high-profile Boao Forum for Asia 2022 Annual Conference was successfully held, and the "digital economy" continued to receive attention as a hot topic at the annual meeting. According to the schedule of the annual meeting, on April 21, two sub-forums, "Digital Economy: Born to the Sun" and "Digital Economy: Benefiting Everyone", successively interpreted the "Digital Economy". Li Zhengmao, General Manager of China Telecom, attended the meeting as one of the discussants of the sub-forum "Digital Economy: Born to the Sun" and shared his views.

2022 Boao time digital economy has become a bright spot again

Paying attention to the digital economy is the due meaning of the theme of this year's annual meeting, "Epidemic and the World: Jointly Promoting Global Development and Building a Common Future".

The sub-forums "Digital Economy: Born to the Sun" and "Digital Economy: Benefiting All" focused on how the digital economy can help the global economic recovery after the epidemic, how to deepen the application of a new generation of information technology and further promote the digitalization of industry.

At the sub-forum "Digital Economy: Born to the Sun", Li Zhengmao put forward three major elements of the digital economy: first of all, it is based on information and communication technology, and there must be technical means; second, the digital economy must deal with the data in the factors of production, so it must have data as the factor of production as the object to process; third, the penetration and force of the digital economy are all-round, which is a general revolution.

When it comes to the emergence of the digital economy, Li Zhengmao boils down to three accelerated changes: one is the transformation of the economic form from the industrial economic form to the digital economy form, the second is the transformation of productivity from energy to computing power, and the third is the transformation of connection-based services to services based on cloud-network integration.

Focus on Boao | Boao Annual Conference focuses on the development of the digital economy Telecom innovation practice empowers the future of the industry

Unleashing new momentum for the digital economy has broad prospects

At the end of last year, the State Council issued the "14th Five-Year Plan for the Development of the Digital Economy", which is the first national-level special plan in the field of digital economy in the mainland. In the plan, it is clear that it will continue to strengthen and optimize the digital economy of the mainland, providing strong support for the construction of a digital China. According to the plan, by 2025, the digital economy will move towards a period of comprehensive expansion, and the added value of the core industries of the digital economy will account for 10% of GDP.

At present, the overall scale of the mainland's digital economy is showing a trend of continuous expansion. According to the China Academy of Information and Communications Technology, the scale of the mainland's digital economy was only 2.6 trillion yuan in 2005 and expanded to 39.2 trillion yuan by 2020, and the proportion of GDP increased from 14.2% to 38.68%.

Around the topic of digital economy, at the sub-forum of "Digital Economy: Born to the Sun", Wang Haifeng, chief technology officer of Baidu, said that after digitization, a large amount of data will be generated, and this data contains very rich value. Wan Biao, chairman of Honor Terminal Co., Ltd., believes that if the ecology of all things perceivable, interconnected and intelligent based on artificial intelligence, 5G and big data is built, it will bring huge social value and economic value.

Li Zhengmao introduced in detail the "cloud to digital transfer" strategy implemented by China Telecom to adapt to the wave of global digital economy development.

"Cloud reform" means that all of China Telecom's current network infrastructure has changed from a traditionally connected network to a cloud-centric network, that is, cloud-network integration. Li Zhengmao said, "We believe that after the cloud-network integration is opened, we will move from traditional telecom operators to integrated information service providers, which is our basic strategy." ”

"Digital rotation" is digital transformation. Li Zhengmao detailed China Telecom's digital transformation trilogy. The first step is for all IT to go to the cloud, which was 100% realized last year. The second step is to make full use of data and make data as open and shared as possible under the premise of meeting the requirements of data security laws. The third step is to discover the true value of data through the logic of artificial intelligence replication. "Only after the above three steps can this enterprise and this industry dare to say that they have achieved digital transformation." Otherwise it's just a rudimentary, simple data application mining. ”

Focus on Boao | Boao Annual Conference focuses on the development of the digital economy Telecom innovation practice empowers the future of the industry

China Telecom boosts the development of the digital economy

A new round of world scientific and technological revolution and industrial transformation is in the ascendant, and the digital economy has accelerated its development by integrating thousands of industries into the epidemic, which is becoming a key force in reorganizing global factor resources, reshaping the global economic structure, and changing the global competitive landscape. According to data from the Chinese Academy of Information and Communications Technology, in 2020, the added value of the core industries of the mainland's digital economy will account for 7.8% of the gdp, and the digital economy will provide a strong driving force for the sustained and healthy development of the economy and society.

Telecom operators are closely related to the production and operation of enterprises and the daily lives of ordinary people, and play an important role in promoting the development of the digital economy. As far as China Telecom is concerned, under the background of the full implementation of the "cloud to digital transformation" strategy, China Telecom has gradually transformed into a comprehensive intelligent information service provider, created a comprehensive and intelligent scenario-based solution, actively empowered the transformation and upgrading of traditional industries, and helped the development of the digital economy.

Industrial digitalization is the main engine of the development of the digital economy. According to China Telecom's 2021 financial report data, the revenue of industrial digital business reached 98.9 billion yuan, a year-on-year increase of 19.4% year-on-year, and the growth rate was significantly higher than that of 2020. In the first quarter of 2022 performance report of China Telecom just released on April 20, the growth of industrial digital business accelerated, with revenue reaching RMB29.414 billion, an increase of 23.2% year-on-year, following the fact that it became the main force of business growth in 2021, the digital business of China Telecom industry continued to maintain rapid growth this year.

Facing the future, continuing to tap the potential of industrial digitalization is still the focus. Ke Ruiwen, chairman of China Telecom, said that in 2022, China Telecom will make precise investments and focus on new growth points, mainly to strengthen investment in industrial digitalization, accounting for 30% of the annual capital expenditure of 93 billion. In 2022, the growth rate of industrial digital revenue will maintain the growth rate in 2021, and the target will land 1500-2000 customized network projects. Facing the next three years, we will strive to achieve more than 30% of the revenue of industrial digitalization.

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