Shanghai Municipal Bureau of Data Promotes Data Element Market Allocation, Powering Urban Digital Transformation

Shanghai Municipal Bureau of Data Promotes Data Element Market Allocation, Powering Urban Digital TransformationAt the 3rd Computing Power Network and Digital Economy Forum & 2024 "Computing Power on the Huangpu River" Summary Conference on November 26th, Qian Xiao, Deputy Inspector of the Shanghai Municipal Bureau of Data, delivered a keynote speech outlining the Bureau's latest progress and future plans in promoting data element market allocation and facilitating urban digital transformation.Qian emphasized the Bureau's proactive approach to the new challenges and opportunities arising from the integration of the digital and real economies

Shanghai Municipal Bureau of Data Promotes Data Element Market Allocation, Powering Urban Digital Transformation

At the 3rd Computing Power Network and Digital Economy Forum & 2024 "Computing Power on the Huangpu River" Summary Conference on November 26th, Qian Xiao, Deputy Inspector of the Shanghai Municipal Bureau of Data, delivered a keynote speech outlining the Bureau's latest progress and future plans in promoting data element market allocation and facilitating urban digital transformation.

Qian emphasized the Bureau's proactive approach to the new challenges and opportunities arising from the integration of the digital and real economies. The Bureau is committed to reforming data element market allocation, improving data infrastructure and foundational institutions, providing robust support and ensuring the success of Shanghai's urban digital transformation.

To achieve this, the Bureau has implemented several effective measures. Firstly, in infrastructure development, it's accelerating the deployment of cloud computing, networking, blockchain, and computing powerpromoting resource sharing and maximizing utilization to reduce enterprise costs and improve overall efficiency. Shanghai has essentially completed a blockchain digital base, networked over a thousand integrated machines, and engaged in in-depth cooperation with more than 70 leading chain enterprises, exploring over 100 application scenarios. This aims to build a secure, efficient, and convenient data infrastructure, strongly supporting Shanghai's digital economy.

This blockchain digital base is projected to onboard over 200,000 enterprises, with an annual transaction volume reaching trillions of RMB, significantly boosting Shanghai's digital economy and facilitating industrial upgrades and economic transformation. This signifies remarkable achievements in digital infrastructure and a firm step toward data element market allocation. Improved digital infrastructure will better support enterprise digital transformation, enhancing competitiveness and promoting collaboration across the industrial chain.

Secondly, in data governance, the Bureau is actively developing comprehensive data security management, data transaction, and data privacy protection systems. This provides reliable institutional safeguards for data element market allocation, protecting data security and personal privacy while establishing a clear legal framework for data circulation, building confidence for enterprises participating in the data market. Sound data governance is key to promoting data element market allocation and ensuring the healthy and stable development of the digital economy.

Furthermore, responding to the national data bureau's unified deployment, the Shanghai Municipal Bureau of Data is actively developing a Shanghai computing power resource monitoring and dispatching platform, aiming to integrate it into the national integrated computing power network system for unified dispatch and efficient utilization. This optimizes resource allocation, improves utilization rates, reduces waste, and provides sustained momentum for Shanghai's digital economy. Integration into the national network also elevates Shanghai's role in national digital economic development.

In summary, the Bureau focuses on building a data-centric, technology-driven, and institutionally secured digital economic ecosystem. By promoting data element market allocation reform, improving data infrastructure, and strengthening data security management, Shanghai aims to create a secure, efficient, and open digital economy environment, maximizing the role of data elements in socio-economic development and contributing to national digital economic growth. The Bureau will continue collaborating with relevant departments, continuously improving its capabilities, and providing stronger support for Shanghai's urban digital transformation. This reflects not only Shanghai's own development needs, but also its active response to the national digital economy development strategy, contributing Shanghai's strength to national development. The Bureau's efforts and contributions are commendable and highly anticipated, and its experience in promoting data element market allocation and urban digital transformation provides valuable lessons for other cities, further promoting the healthy and rapid growth of China's digital economy. The innovative models explored by the Shanghai Municipal Bureau of Data also offer valuable experience and insights for other cities.