Zhang Xinhong, chief information engineer of the State Information Center, said at the 2020 Power Big Data Collaborative Innovation Summit Forum held today that the data economy in a broad sense refers to the sum of data-based economic activities. In the future, all our economic activities will be built on the basis of digitization and data support, that is to say, "no data is no economy"; in this sense, it can be said that the future economy will all be a data economy.

Zhang Xinhong systematically explained the development trend of big data in the keynote report of the forum entitled "Development Trend of Big Data and Digital Economy". He used "eight keywords" to summarize the basic judgment on the data economy, that is, "digitization": "everything that can be digitized will eventually become digitized", and machines transform everything and every subtle change into 0 and 0. 1. Reprocess it into information that we can understand.

"Data value": five functions that data may bring, namely identification, recurrence, association, premium, and prediction functions. More and more data are captured, mined and applied, and more and more laws are discovered. and the ability to transform the world will be greatly enhanced.”

"Data-driven": Data-driven everything will become a reality, which "has been seen everywhere around us"; in the future, everything will use data to speak, rely on data to make decisions, and rely on data to act.

"Data fusion": A single data, whether it is electric power big data or financial big data, has a limited effect; the fusion of multiple data, the power of innovation is unlimited, "data fusion will continue to give birth to new business formats."

"Data economy": The data economy in the narrow sense refers to economic activities with the production and processing of data as the main transaction object; the data economy in the broad sense refers to the sum of economic activities based on data, and the future economy will all be a data economy.

"Data capability": Borrowing the expression of AI, it is equal to data + algorithm + computing power, and it will become the cornerstone of future core competitiveness.

"Open data": If data is not open, its value will become smaller and smaller. "In the future, more and more government departments and enterprises will take the initiative to embrace open data"; he specifically proposed that the government only needs to do one thing, that is Open data, "then a series of innovations will naturally form."

"Data Future": "The data-based social transformation has really just begun, and truly great products have not yet appeared"; the "14th Five-Year Plan" proposed by the Fifth Plenary Session of the 14th CPC Central Committee not long ago, " Among the more than 290 tasks in 48 categories in 12 aspects mentioned, almost every one of them is inseparable from the development of the digital economy and the application of big data.”

The forum released four electric power big data products, "Shurong e", "Shu e Intelligent Control", "Energy Chain Cloud Sharing" and "Power Big Data Innovation Platform".

Source of information: "Science and Technology Daily"