Chairman of China Electronics Technology Group: Data becomes the basic production factor of the digital economy

At the 6th World Internet Conference, Xiong Qunli, chairman of China Electronics Technology Group Co., Ltd., believes that data has become a necessity and an important basic resource for human production and life, and has become a basic production factor of the digital economy. With the rapid development of the Internet, everything in the world is being informationized, and all information will need to be expressed through data. Data has become a necessity like hydropower. He said: "We understand that the so-called data economy is based on data as the basic production factor, using the network as the basic production platform, and using big data, cloud computing, artificial intelligence, edge algorithms, blockchains, etc. as tools for modern technology. The data is processed and manufactured to create a new economic form of value and social wealth."