On October 20-21, the 2023 DAMA China Data Management Summit, guided by the International Data Management Association (DAMA), was held in Beijing. As an industrial bellwether of big data, the summit set up and released the 2023 DAMA China Data Governance Award of the Year for data governance practices in various fields. The main data governance project of Digital China Group won the DAMA Data Governance Best Practice Award for successfully promoting data governance with its master data platform.
DAMA is the most authoritative and professional data management organization in the industry. DAMA China Data Management Summit is the top data management summit in China. DAMA Data Governance Award aims to promote the excellent data management theory and practice at home and abroad in China, while locating, selecting and rewarding the organizations and individuals from various industries with significant achievements in data governance related theories, methods and practices, enhancing the effective cognition and practice of more organizations and individuals in this field of data governance and boosting the development and innovation of the domestic data governance in China.
Data quality increases the value of data assets
Under the wave of digital economy, digital transformation has become the only way for enterprises to innovate and develop. In the process of digital transformation, data as the core production factor will bring a great driving force to the growth and development of the enterprises. If more effective data can be acquired, it can also help the enterprises better understand their operation status, so as to make more targeted decisions and improve their efficiency, innovation and competitiveness.
However, data quality is the premise and foundation of all this. In the face of the rapid iteration of the enterprise-level IT market, the continuous update of their business scenarios and requirements, and the continuous increase of business systems to support the development of diversified businesses, the internal data exchange and sharing within enterprises has become increasingly difficult. Adhering to the original aspiration and mission of “building the digital industry of China”, Digital China suggests that master data plays a vital role in the massive enterprise data, and a set of master data management system with unified standards, centralization, supervision and quality will become the core for them to fully promote their digital transformation. In this context, the master data governance project of Digital China was launched.
As a large enterprise with more than 20 years of foundation in information construction and diversified development of business forms, Digital China suggests that the master data management is the hub connecting the business platform and the data platform. Therefore, Digital China applies the master data platform to maximize the retention and utilization of the master data management logic in the foundation of information, and adopts methods such as agile deployment and micro-service to ensure the stability and extendibility of the platform. Through the full life cycle management of the master data, Digital China not only improves data quality, but also enhances the work efficiency, reduces the maintenance cost, promotes the overall synergistic effect of the enterprises, and finally improves the quality of data in supporting decision-making.
Data cloud integration promotes the development of the digital economy
In terms of value mining in the field of data assets, Digital China's exploration has reached further and deeper. Based on years of practical experience and development needs, Digital China has taken “data” as its operation base to build a set of BI (business intelligence) system that can support users' business decisions, present data analysis results and visual boards, provide decision support for various business departments, and achieve data-driven development. Moreover, all business departments in front, middle and back stages of Digital China can achieve a digital transformation of the whole business value chain through the digitalization of business contact points, online operation of business and data visualization.
Digital China believes that the reorganization process of data as a factor of production is actually the innovation process of enterprises. The digital strategy and digital transformation of an enterprise are the continuous accumulation of its data assets, which will finally form the growth flywheel for its development. Facing the rising of generative AI based large models, Digital China, with data assets as the core, actively embraces the opportunities brought by new technologies such as generative AI, and builds a strategic layout featuring “data cloud integration”, to provide customers with ubiquitous agile IT capability and integrated data driving force, so as to enable enterprise customers to establish their core capabilities and competitive advantages for the future.
As digitalization becomes the core engine and endogenous power of China's economic development, Digital China has firmly insisted on its strategic layout of “data cloud integration and information technology innovation”, grown steadily towards the goal to “become a leading digital transformation partner” and has become a preferred digital transformation partner of regional governments, large central state-owned enterprises, and head industrial clients. In the future, Digital China will continue to take the strong digital industry ecology as its cornerstone, lead in terms of concept, technology and practice, continue to promote the digitalization of the whole society, and lead the development of digital economy.