A visitor checks out Haier’s booth during an electronics expo in Shanghai in March. CHINA DAILY BEIJING — With its far-reaching impact across various sectors, the data industry is rapidly evolving into a game-changer in China, contributing to the country’s economic growth and digital transformation. Last year, the total amount of data generated nationwide reached 32 zettabytes, equivalent to the digital resources of over 10 million national libraries, according to the National Data Administration. Emerging from the application of data technology to develop products and services, the data industry is an industrial form that spans a broad range of digital activities, including data collection, storage, processing, management, application, circulation and transaction. As the once abstract concept of "big data" has been widely integrated into business practices, it has unlocked significant opportunities for companies to enhance efficiency and expand their market reach. The market size of China’s database industry exceeded 52 billion yuan ($7.28 billion) in 2023, and it is expected to reach 93.03 billion yuan by 2028. This growth is complemented by the data transaction sector, which has experienced stable and rapid expansion in recent years. In 2022, the overall market size of data transactions reached 87.68 billion yuan, […]
Click here to view original web page at global.chinadaily.com.cn
