Digital Resilience Is The Key To Business Disruption
According to industry insiders, digital resilience will determine whether global companies (including Chinese companies) can quickly respond to business disruptions and restore market confidence in the COVID-19 pandemic.
“During the pandemic last year, the growth of global IT spending far exceeded GDP growth. This is in sharp contrast to the situation during the global financial crisis (2008-09). Where the former was much lower than the latter.” Stephen Hawking, president of the company’s International Data Corp China.
Huo said that the strong contrast shows that technology is helping the company solve more business problems. Digital resilience has become a key word for the survival and growth of enterprises in this country.
She said: “Digital resilience refers to the organization’s ability to quickly adapt to business interruptions by leveraging digital capabilities. Which not only enables companies to resume operations, but also promotes more innovation and development.”
IDC predicts that by 2022, 65% of global GDP will be driven by digitization. From 2020 to 2023, it will drive more than $6 trillion in IT spending.
As for the Chinese market, Wu Lianfeng, vice president and chief research analyst of IDC China. 2021 very important because China celebrating the 100th anniversary of the founding of the Communist Party of China, that is, the 14th anniversary celebration. The five-year plan (2021-25) and the country’s long-term development goals for 2035.
He said: “For companies, this is also a watershed in digital transformation. Companies with good digital transformation will accelerate their success, and vice versa.”
Wu pointed out that the country’s “strategic technological strength”, “modern industrial system”. “dual cycle” development model, “digital construction”, “regional development” and “green transformation” will be the key words for digitalization during the “14th Five-Year Plan” period.
The market consulting firm also pointed out that ultra-high-speed 5G technology will become the new engine of the digital economy in the next few years. It predicts that in the next five years, China expected to invest 650 billion yuan (US$101 billion) to build 5G network infrastructure and will have 4.5 million 5G base stations by 2025.
Zhao Zhiguo, director of the Information and Communications Administration Bureau of the Ministry of Industry and Information Technology. Earlier that the country will build more than 600,000 5G base stations this year to accelerate the commercialization of 5G technology.
He said that the country will expand the construction of 5G base stations to more counties and cities this year. Even before China has established more than 718,000 5G base stations and plans to provide 5G in more than 300 prefecture-level. Above cities as of December, the plan is still being implemented. He said: “More efforts will be made to integrate 5G with emerging consumption models. Including augmented reality, virtual reality and immersive games, and to promote the integration of 5G into daily services.”