Guiyang gears up on advancement of big data

The Guiyang Hi-Tech Industrial Development Area will continue its drive for the advancement of big data in a bid to develop itself into a data valley in China, according to officials from the area's administrative committee.

Officials also disclosed that the area plans to complete the construction of China's data valley in 2020 and are looking to attract 10,000 enterprises with a total revenue of 100 billion yuan ($15.91 billion).

Research into Big Data Plus IoT (Internet of Things), Big data Plus Artificial Intelligence and Big Data Plus Smart Manufacturing will also be in full swing by then.

To achieve this goal, the area has set targets for the year. It plans to attract more than 6,000 enterprises related to big data, up 50 percent from last year. There will be 20 new enterprises and six international big data brands.

The added value for large-scale enterprises is expected to reach 4.3 billion yuan, with 10 new projects and 15 new enterprises. At least 10 newly added enterprises will net 4.2 billion yuan in operational revenue in the service sector.

In 2017, the area was approved as a national demonstration base for mass entrepreneurship and innovation by the State Council with the completion of eight innovation incubators, one of which is located in Silicon Valley, US and two in Moscow.

The area is currently home to 48 innovation incubators, four of which are national level. Another 320 enterprises have agreed to participate in the incubation plan, with 31 enterprises already having completed incubation.

This year, the area intends to attract 30 additional enterprises and increase its incubation area to 450,000 square meters by seeking more investment from the Beijing-Tianjin-Hebei region, Yangtze River Delta and Pearl River Delta.