On August 30th, the 18th Frost & Sullivan China Growth, Innovation and Leadership Summit and the 3rd New Investment Conference (hereinafter referred to as '2024 Frost & Sullivan New Investment Conference') AI Reconstructing the Digital Economy Sub-forum, hosted by Frost & Sullivan (Frost & Sullivan, abbreviated as 'Frost & Sullivan'), the world-leading growth consulting firm, was held in Shanghai.
At the sub-forum, Fu Boyan, President of the Big Data Sub-committee of the China Information Association, was invited to deliver a speech. President Fu Boyan extended a warm welcome on behalf of the China Information Association to the participants, industry colleagues, experts, and scholars. He pointed out that driven by the global digital wave, the deep integration of AI and big data is leading economic development into a new phase, giving rise to unprecedented business opportunities and social changes.
Fu Boyan, President of the Big Data Branch of the China Information Association
The following are the key points of President Fu Boyan's speech:
President Fu Boyan specifically mentioned that AI, as the core of the new generation of information technology, is showing tremendous application potential in multiple fields such as intelligent supply chains, precision marketing, personalized services, and smart cities through its integration with big data. This not only improves operational efficiency but also plays an important role in enhancing user experience and optimizing resource allocation. As a pioneer in global AI practice, China is building a vibrant digital economy ecosystem through policy support, corporate innovation, academic research, and public participation.
President Fu Boyan further pointed out that behind the rapid development of AI, data, as the 'fifth element' of the digital economy, has seen its value greatly amplified by the advancement of AI. Data has not only changed production and lifestyle but also played a key role in social governance. However, President Fu Boyan also soberly recognized that there are still many challenges in the commercialization process of AI and big data, such as data security and privacy protection, algorithm transparency and fairness, industry standards and regulatory construction. He called on all parties in the industry to work together to ensure a harmonious coexistence of technological progress and social fairness.
President Fu Boyan finally stated that he is full of expectations for the successful conclusion of this forum, and hopes to work hand in hand with all sectors of the industry. With an open mind and a spirit of cooperation, we should jointly embrace the opportunities and challenges brought about by AI and big data, and create a bright future for the digital economy.
