Insurance Analysis

Data Industry Diversification Initiatives

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Recently, a digital cultural tourism event themed "Exploring Digital Jiangsu: Starry Nights in Nanjing" drew a significant number of visitors, showcasing the increasing fusion of digital economy and tourism in the Xuanwu District of Nanjing, Jiangsu ProvinceIn the past year, Xuanwu District has seized the opportunities presented by the growth of the digital economy, expediting the development of new productive forces, and has positioned the data industry as the primary focus for strengthening its overall economy.

During a recent visit to the National Machinery Digital Technology Co., located in Xuanwu District, one could observe the advanced agricultural machinery coordination system in actionA staff member demonstrated how each small circle on the screen corresponds to an individual piece of agricultural machineryBy simply clicking on a circle, they could immediately access comprehensive information about that machine, including its working trajectory and operating area

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The platform, which has now connected over 910,000 agricultural machines, compiles real-time operational data dailyThis collective analysis of data helps provide an understanding of the overall operational status of agricultural machinery across the country, thereby allowing for more effective resource allocation.

The Xuanwu District is not just stopping at agricultural machinery; it is actively seeking to innovate consumer experience by creating more captivating urban tourism identitiesNanjing Dashqi Digital Technology Co., a leading provider of holographic display technology, is at the forefront of this innovationAccording to the company’s founder, Zhou Quan, their use of holographic technology provides a richer and more diverse array of visualizations for dataThis capability not only enhances aesthetic appeal but serves practical functions, making complex data easier to understand and interact with.

In February, Xuanwu District rolled out a plan designed to bolster the innovative development of the data elements industry

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By leveraging its high-quality resources in the digital industrial chain, Xuanwu became a pioneer in Jiangsu in exploring new avenues for data industry growthThis initiative led to the establishment of the "Jiangsu International Data Port," which aims to create scenarios for data valuation, trial systems for data element structuring, and exploration of mechanisms for data marketization.

Among the significant achievements of the Jiangsu International Data Port is the introduction of the battery passport systemIn collaboration with the China Battery Industry Association, a strategic partnership was formed to construct a data empowerment system centered around battery passportsBy employing precise data analysis, this system provides thorough and insightful battery data support for enterprises, delving into various applications of battery data within the financial, manufacturing, and other sectors, thus underpinning the digital transformation of businesses.

Moreover, the value chain of data in Xuanwu District continues to extend and deepen

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In April, the Xuanwu Lake Large Model Industry Sharing Conference took place, during which the "Xuanwu Large Model Factory" was officially inauguratedThis factory, founded in collaboration with a team from Tsinghua University, focuses on innovative research and development within the realms of artificial intelligence, computational power services, data application, and ecological constructionBy tapping into the latent values of data, the factory aims to train these data points into functional models, fostering an environment for developing a large model industry that transforms data into services, which ultimately helps companies reduce costs and enhance efficiency.

In July, another landmark development occurred when iFLYTEK set up its national headquarters for new code models in the Xuanwu District's Xuzhuang High-tech ZoneThe decision to establish a presence in Nanjing was largely attributed to the concentration of university resources in the city, which offers a significant advantage in terms of innovation, as highlighted by Zhu Jianfei, head of the investment office of the Xuzhuang High-tech Zone Administrative Committee

Furthermore, Xuanwu District has partnered with Southeast University and over 40 leading enterprises to create an industry ecosystem alliance aimed at constructing a more open, diverse, and sustainable large model industry ecosystemZhu highlighted that to accelerate the cultivation of the data element flow platform and business entities, various support policies have been tailored to fit the district's unique conditions, thereby promoting the growth of the data element industry ecosystem.

According to reports, enterprises or institutions registering and establishing their headquarters, R&D centers, innovation platforms, or incubator bases in the Xuzhuang High-tech Zone can receive rewards up to 1 million yuan after comprehensive evaluation and performance assessmentAdditionally, data element industry enterprises that achieve registered capital contributions of 100 million, 500 million, or 1 billion yuan respectively are eligible for graded rewards of 1 million, 2 million, or 5 million yuan, further incentivizing investment and establishing a robust infrastructure for the data economy in the region.

This landscape heralds a significant shift towards a technologically empowered economy in Nanjing's Xuanwu District, showcasing how urban areas can harness the digital wave to enhance their productivity and appeal

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