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A few days ago, the official website of the National Development and Reform Commission released an announcement on the National Data Bureau's public consultation on the "Data Element ×" Three-Year Action Plan (2024-2026) (Draft for Comments) (hereinafter referred to as the "Three-Year Action Plan").
The "Three-Year Action Plan" puts forward the overall goal, by the end of 2026, the breadth and depth of data element application scenarios will be greatly expanded, the multiplier effect of data elements in the field of economic development will be revealed, and more than 300 typical application scenarios with strong demonstration, high visibility and wide driving force will be created, the quality and efficiency of products and services will be significantly improved, a number of effective data element application demonstration areas will emerge, and a number of data element application demonstration areas with obvious results will be cultivated. Data vendors and third-party professional service providers with large market influence have an average annual growth rate of more than 20% in the data industry, the scale of data transactions has doubled, and the scale of on-site transactions has increased significantly.
The "Three-Year Action Plan" puts forward 12 tasks of "data element ×" among the key actions, including data elements× intelligent manufacturing, data elements× smart agriculture, data elements× commercial and trade circulation, data elements× transportation, data elements× financial services, data elements× scientific and technological innovation, data elements× cultural tourism, data elements× medical and health, data elements× emergency management, data elements× meteorological services, data elements× smart cities, and data elements× green and low-carbon.
-- Characteristics of the data element market
The data element market includes seven modules: data collection, data storage, data processing, data circulation, data analysis, data application, and ecological security. The data element market is a dynamic process that shifts the data elements that have not yet been fully configured by the market to the market allocation, and its purpose is to realize the value of data flow or the value generated by data flow.
-- The policy process of the data element market
During the "13th Five-Year Plan" period, policy documents related to big data were intensively promulgated, providing policy soil for data to be allocated in the market as a factor of production. In 2020, with the full popularization of the Internet, the ubiquity of computing, and the extensive connection of factors, data has increasingly become a new power source for the improvement of economic and social total factor productivity, and the amount of data resources has become an important indicator to measure the soft power and competitiveness level of each subject.
In April 2020, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Building a More Perfect System and Mechanism for Market-oriented Allocation of Factors", which clearly proposed to "accelerate the cultivation of the data factor market", further strengthening the importance of data as a factor of production. Under the guidance of policies, enterprises, universities and other types of entities have strengthened research and exploration around the pricing and trading of data resources.
-- The scale of the data element market is growing rapidly
From the perspective of market size, during the 13th Five-Year Plan period, the scale of China's data element market, which is composed of core data elements such as data collection, data cleaning, data labeling, and data trading, has grown rapidly. According to the estimation data of the National Center for Industry and Information Security, the market size of data elements in mainland China reached 54.5 billion yuan in 2020, and it is expected that by 2025, the scale will exceed 174.9 billion yuan, and the overall market will enter a stage of rapid development.
Chen Xiaohua, Executive Director of the Metaverse Industry Collaborative Innovation Center of the Science and Technology Park of Beijing University of Posts and Communications, said that the "Three-Year Action Plan" is of great significance for cultivating the ecology of the data element industry and consolidating the basic system, and also puts forward higher requirements for the data governance system, technical capabilities, laws and regulations, and international cooperation, and the data element industry will usher in new development opportunities in the future.
Wang Peng, executive director of the Data Assetization Research Institute, said that data vendors and third-party professional service providers can provide more professional and efficient data services for the data element market and promote the circulation and transaction of data elements, and these institutions are also important participants and promoters of the data element market. The Three-Year Action Plan will help strengthen the circulation attributes of data elements and promote the standardization and healthy development of the data element market.
Prospective Economist APP Information Group
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