A Scientific and Technological Discussion at the Apsara Conference 2020: The Establishment of Think Tanks for the New Digital Economy Infrastructure

Catch the replay of the Apsara Conference 2020 at this link!

By Wang Peijie, Director of Digital Transformation Operations, Alibaba Cloud Research Center

Over the past 12 years, the Apsara Conference has witnessed the vigorous development of scientific and technological innovation and the digital economy in China. During the same period, Alibaba Cloud has invested in digital intelligence technology, constantly challenged its limits, and fulfilled its prophecies. In 2020, a once-in-a-century pandemic hit the world. While the international pattern and governance system was forced to reshape, the digital economy was restructured at full speed. Under this background, the Apsara Conference 2020 gathered professionals from “production, education, and research” areas on the cloud. Twelve industry elites from national think tanks, scientific research institutions, consulting companies, and business schools were invited to interpret the digital economy, new infrastructure, industrial digital transformation, cutting-edge technologies, and economic growth trends.

New Infrastructure, New Opportunity

They explained the connotations of the new infrastructure and the differences between the old and new infrastructures from different perspectives of industry and academia. They talked about how to construct an ecology that integrates software, hardware, and professionals. Also, they released the digital ecosystem plan jointly developed by Alibaba Cloud and the Guanghua School of Peking University. The plan aims to construct a rich and vivid digital case center and knowledge system to guide enterprises’ digital practices and enhance managers’ digital leadership. Through this plan, the two parties will jointly train a group of versatile and innovative talents who understand both technology and management.

New Technology, New Economy

Xing Ziqiang, Chief Economist and Managing Director of Morgan Stanley China, interpreted “Global Digital Economy and the Development of China”, explaining how science and technology will transform production, lifestyle, and consumption in the next ten years. He claims it will reshape the whole Chinese economy and the global economic pattern. Mr. Xing believes that there are three main factors in supporting the development of the Chinese economy in the future.

  • First, using digital technology to promote urbanization 2.0.
  • Second, realizing the autonomy of the industrial chain to allow access to the market and improve the business environment.
  • Third, implementing the internationalization of the renminbi and opening up financial markets.

Mr. Xing made the following important trend predictions of the digital economy era from 2020 to 2030. “In the future, there will be 23 megacities in China, whose population is close to or more than the population of New York City (8 million.) Presently, there are only 9 megacities in China. The total market size of equipment within the Internet of Things, software, and IT services will double to USD 1 trillion, and the total investments in information infrastructures will reach USD 800 billion. In the field of automobiles, the market share of highly or fully autonomous cars will increase from 0% to 20%. In the field of education, the penetration rate of K-12, namely the basic education stage, online teaching will increase from less than 10% to more than 35%, the vocational training market will triple, and the online education market will reach USD 300 billion. The medical service market will reach USD 2.2 trillion.”

The Release of New Infrastructure, the Cloud Index Report, and White Paper on Cloud Migration of Chinese Enterprises

Liu Junlong, the leading partner of cloud services from Deloitte China, and He Baohong, the Director of the Cloud Computing and Big Data Research Institute of the China Academy of Information and Communication, jointly released the “White Paper on Cloud Migration of Chinese Enterprises”, sharing the path and interpretation of enterprises’ cloud migration. They explored how to connect social resources, shared services, and capabilities with cloud computing through the Internet to build China’s cloud computing industry system.

New Transformation, New Wave

The Launch of New Infrastructure Think Tank Platforms for the Digital Economy and the Inauguration Ceremony of the Expert Committee

Zhu Hongren, Vice President of China Enterprise Confederation and China Enterprise Directors Association and Former Chief Engineer of the Ministry of Industry and Information Technology, served as the representative of the think tank, introducing the purpose and work direction of the think tank platform. Zhu Hongren said, “Digitization is the main theme of today’s era. Building a new world of digital integration based on digital infrastructure is a glorious mission entrusted to us by this era. It’s a belief we should hold and a dream worth fighting for. Let’s drive the new future with digital intelligence together and become co-creators and partners of the new infrastructure of the digital economy!”

Catch the replay of the Apsara Conference 2020 at this link!

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