SOURCE / ECONOMY
Companies gear up to make innovation-driven growth with help of digital technology
Published: Sep 17, 2023 03:34 PM
A staff member manages intelligent robots that are carrying out production in a workshop in Zhangjiagang, East China's Jiangsu Province on September 14, 2023. The company has been stepping up innovation by importing more than 300 sets of equipment, aiming to further elevate production efficiency and high-quality development. Photo: VCG

A staff member manages intelligent robots that are carrying out production in a workshop in Zhangjiagang, East China's Jiangsu Province on September 14, 2023. The company has been stepping up innovation by importing more than 300 sets of equipment, aiming to further elevate production efficiency and high-quality development. Photo: VCG



Companies are gearing up to make innovation-driven growth with the help of digital technologies such as 5G, cloud computing and artificial intelligence.

Skyworth Auto, Chinese manufacturer of electric vehicles, said recently that it released a global high-voltage overcharging model solution, which can greatly improve the energy replenishment efficiency of an electric car.

It has been quite outstanding for the cars running 400 kilometers after being charged for eight minutes from 30 percent to 80 percent, but it can only take less than seven minutes to run 400 kilometers, after being charged to 80 percent, the company said. 

In addition, the company said it also can realize remotely controlling with the help of digital integrated services.

The integration of the digital and real economy has become one way out for industrial transformation and upgrading. Enterprises urgently need digital technology to empower the overall physical business, said Tony Xiong, senior vice-president and head of strategy and business development of Schneider Electric China.

Regarding how to combine them together, Xiong highlighted two means: First, to integrate the real economy and the digital economy through digital software; and second, as a complementary, to combine technology with application scenarios through service, in order to generate actual landing values like higher efficiency and lower carbon emission.

Recently, it has launched a "One Body, Two Wings" solution, which includes software digital twin systems for industry and energy, and a series of services. 

On one hand, the digital twin system could build a virtual model for electrical and manufacturing systems, providing comprehensive analysis that covers the entire life cycle from design, construction, and operation to maintenance. On the other hand, the service system can empower clients in their entire life cycle, from consulting, operation, to retrofit.

The development of China's digital sector brought more opportunities for international cooperation.

The scale of China's digital economy grew to 50.2 trillion yuan ($7.09 trillion) in 2022, with year-on-year nominal growth of 10.3 percent and ranking second globally, according to a report on the development of China's digital industry.

Global Times