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Internet Plus to fuel digital transformation of enterprises

Updated: Aug 3,2016 3:34 PM     english.gov.cn/Economic Daily

The favorable wind of the “Internet Plus” in China has driven traditional enterprises in various sectors to expand their business to online platforms, which has in turn fueled the digital transformation of enterprises and promote their development.

Digital transformation has become a major strategy for all enterprises in the world to keep pace with the information trend, according to the technology research firm IDC, which also predicted in its recent report that by 2018, 67 percent of top 1000 world enterprises and 50 percent of top 1000 Chinese companies will have digital transformation at the center of their corporate strategy.

Wang Xiangcheng, chief consultant at the Inspur Group, a Chinese cloud computing and big data services provider, said that Chinese enterprises’ digital transformation has entered a new stage, which features Internet Plus and new technologies including big data, cloud computing and Internet of Things to drive the transformation and innovation of traditional enterprises.

Wei Daisen, vice-president at the Inspur Group, said that connected economy is the core for enterprises to develop the strategy of Internet Plus, which can link suppliers, clients, employees and equipments. Connectivity is also the basis for big data, he added.

Big data can provide accurate information for companies to carry out major decisions. For instance, Shanghai Construction Group won the bidding for a land plot through the aid of big data which provided comprehensive data and analysis of external policy, public opinion, building material price, etc.

Li Xinghao, chairman of the board of directors at CHIGO group, a Chinese air conditioning manufacturer, said the cloud platform of CHIGO is built on vast amounts of data, which has changed the company from merely manufacturing products to customer oriented, and also transformed it from traditional home appliance manufacturer to an “Internet plus” enterprise, as data solution provider.

To achieve digital transformation, traditional enterprises need to deepen the implementation of Internet Plus technology, establish a digital sharing platform to provide guidance and support for the management and operation of the enterprise and customer experience, Wei Daisen added.

Refined management is also needed for enterprises to realize digital transformation. According to a report from IBM, enterprises should make efforts to establish a completely digitalized operation system and create consumer-centered digital products and services in the process of digital transformation.

The guideline for “Made in China 2025” also specifies requirements associated with refined management. Feng Fei, vice minister of the Ministry of Industry and Information Technology, stressed that enterprises should make more efforts on refined management.

He added that enterprises should bear the spirit of craftsmanship highlighted in the “Made in China 2025” plan to pursue refined management, striving for the transformation of made in China to finely developed in China.

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