Core Insights - The 2025 Global Data Business Conference was held in Shanghai, focusing on the theme "Connecting Global Business for Future - Infinite Multiplication" [1] - The conference aimed to promote the market-oriented allocation of data elements and the application of digital technology innovations, contributing to the construction of a data element ecosystem [1][2] Group 1: Conference Structure and Activities - The conference featured four main segments: "Conference, Business, Exhibition, and Application," with over 400 data business enterprises participating and 41 events held [2] - A total of 70 industry information items, including research reports and industry standards, were released during the conference [2] - The conference adopted an innovative competition model, including the award ceremony for the national finals of the "Data Element ×" competition [2] Group 2: Key Presentations and Expert Participation - Notable speakers included Chinese Academy of Engineering Academician Wu Zhiqiang and German Academy of Sciences and Engineering Academician Oseyn Herzog, discussing urban governance innovation and digital transformation [3] - Experts from over 10 countries participated in sharing experiences and discussions [3] Group 3: Achievements and Initiatives - Several significant achievements were announced, including the establishment of a blockchain innovation fund aimed at promoting the development of the digital economy in Shanghai [4] - The National Data Group Alliance, formed at the 2024 Global Data Business Conference, reported its annual achievements, now comprising 37 member units [4] Group 4: Collaborative Mechanisms and Local Initiatives - The conference continued the mechanism of government-industry-academia-research collaboration, with various local events promoting data-driven financial industry development [5] - Specific initiatives included the "Data Gathering Finance, Smart Drawing Huangpu" sub-forum and the "Data Empowering Innovation-Driven Development" sub-forum [5] Group 5: Platforms for Business Transformation - Multiple platforms were established to facilitate business transformation, including "Data Business Roadshows" and "Business Matching" services [6] - The conference emphasized the importance of matching high-value data products with market demands [6] Group 6: Exhibitions and Interactive Activities - Various exhibitions showcased the achievements in the data industry, including the "Data Element ×" competition winners and the Shanghai Digital Economy Achievement Exhibition [7] - Interactive activities allowed participants to explore the impact of data elements on daily life, enhancing public engagement with digital innovations [7]

Core Insights - The construction of a national integrated data market is driving rapid growth in the data industry while also enhancing efficiency and quality in the real economy [1][3] - The 2025 "Data Element ×" competition showcased significant advancements in core technologies such as blockchain, privacy computing, and artificial intelligence, with 183 award-winning teams recognized [1][4] Industry Growth - The "14th Five-Year Plan" emphasizes the deep integration of the digital economy with the real economy, accelerating the development of the national integrated data market [3] - By 2024, the number of data enterprises in China is expected to exceed 400,000, with the data industry projected to reach a scale of 5.86 trillion yuan, marking a 117% increase from the end of the "13th Five-Year Plan" [3] - The "Data Element ×" three-year action plan (2024-2026) aims to leverage data across 12 key industries, including manufacturing, agriculture, and healthcare, to maximize the value of data elements [3] Competition Insights - The 2025 "Data Element ×" competition attracted over 117,000 participants and featured more than 23,000 projects, with state-owned and private enterprises comprising over two-thirds of the participants [3][4] - Approximately 50% of the projects aimed to reduce costs and improve efficiency using data, while 22% focused on driving collaboration in supply chains [4] Case Studies - Weichai Power Co., Ltd. shared its project on "Trusted Data Empowering High-End Manufacturing," highlighting its success in breaking world records in engine thermal efficiency through extensive data collection [5][6] - The Shanghai Shenkang Hospital Development Center presented its medical AI training facility, which integrates high-quality data from 37 top-tier hospitals, significantly improving diagnostic accuracy for various conditions [6][7] Data Market Initiatives - Shanghai is actively promoting efficient and compliant data circulation to empower the real economy, with initiatives to explore replicable practices for a unified national data market [8] - The Shanghai Data Group has established a comprehensive data infrastructure and is leading the development of over 300 data products across various sectors [8][9] Investment and Innovation - A new blockchain innovation fund has been established with an initial target of 3 billion yuan, focusing on investments in core technologies and applications in the blockchain and data sectors [9]