Shulou(Shulou.com)11/24 Report--

On November 1, 2023, in the special session of "data Circulation and Enterprise value growth", Lin Yongqin, vice president of Luyang, delivered a keynote speech on "letting data flow release value". This paper analyzes the current situation and difficulties of enterprises in the use of data circulation, and deeply explains how the enterprise data service hub "Lianyanggang" provides new solutions for enterprises to solve data isolated islands.

The phenomenon of isolated data island within the enterprise still exists.

In the digital age, people often compare data to oil, emphasizing the great value and importance of data. However, in the face of huge data treasure, enterprises are faced with many challenges.

"can you use your own data? can you use other people's data? will you let others use your data?" Lin Yongqin's three questions reveal the current difficulties of most enterprises in the use of data. After visiting enterprises for many years, he found that there is basically no flow of data between enterprises and upstream and downstream of enterprises, and it is also difficult for enterprises to obtain external data. Data isolated island has become the most thorny problem in the use of enterprise data, and there are many reasons for this problem, among which the most important factors include data quality, application construction and security. There is not much precipitated data in an enterprise, and a variety of dispersion will lead to insufficient data supply; a single enterprise scenario will also lead to insufficient data concentration; data application construction requires a very long cycle and a large cost; on the other hand, data security is a high cost for companies that are not the main business of technology.

In order to solve these problems, enterprises often adopt self-built solutions. However, self-built data applications require a lot of cost and time. First of all, the purchase of resources, tools, installation and deployment all need to invest a lot of money; secondly, it also takes a lot of time and effort to recruit teams and audit data compliance.

Therefore, in order to solve these problems, enterprises need to find a more effective solution, a service platform that can integrate a variety of applications and reduce costs. Enterprise data service hub "Luanyanggang" was born.

Yanyanggang: let enterprises change from having data to making good use of data.

Lin Yongqin said that in the past, Lianyang mainly helped companies to carry out internal data governance, turning existing data into usable data, but with the development of the data, Liyang has realized that the value that this approach brings to enterprises is still not enough.

"Let the data flow and release its greater value," Lin Yongqin stressed. Based on the data precipitation and accumulation in the past decade, Hillhouse Sheep officially launched the product "Lianyanggang", which is located in the data circulation service, including data assets, data processing and management, and data intelligence core. Lin Yongqin believes that the enterprise data service hub has similarities and differences with the major famous ports in the world today. Their responsibilities are trade circulation, processing, and consumption, and the name "Taiyang Port" arises at the historic moment.

What kind of service can an enterprise get in Luanyanggang? Lin Yongqin said that Lianyanggang is a data service platform for enterprises to "find, buy, manage and use", from finding suitable data sources, to buying safely, to easily using, processing, and managing data, and then smoothly applying it to business scenarios.

As for its circulation mechanism, Lin Yongqin said that in essence, it connects the data provider with the data demand side, and the data provider goes to Hong Kong through the data sheet API solution. In terms of security technology, the platform will audit the data source to ensure the security and compliance of the data source. It uses advanced privacy computing and safe house technology to achieve "original data does not come out of the domain" and "data is available and invisible". It ensures the compliance of data sources, circulation processes and usage scenarios.

Hillhouse Sheep strives to create a more prosperous data service ecology.

As a matter of fact, many enterprises have already applied the services of Taiyang Port, such as head retailer Cloud integral, Baozun, Meiden, Xiaoduo, Cass, etc., and have announced that they have become the first batch of customers of Taiyang Port.

Meiden, a leading domestic e-commerce software developer and sales service provider listed on the Beijing Stock Exchange, will work together with Luanyang to fuse logistics line timeliness data through the weather data provided by Luanyang Port, combined with the effect of temperature and humidity on flower varieties, to predict in advance the interference of unexpected weather conditions to the business. The estimate can help the supply chain merchants served by Maiden to reduce the rate of goods loss by at least 1% and improve the efficiency of its compliance services.

At the meeting, Lin Yongqin also announced the launch of a three-year 100 million Yangyang Port Prosperity and partner growth pilot Plan. The association will be used for the first batch of strategic cooperation enterprises, as well as ecological partners, in order to help developers and practitioners lower the threshold for the use of data smart products, and provide tool rights, expert consulting escort rights and other rights. On the other hand, the partner growth Plan pilot Project is looking forward to working with more partners to create a prosperous data service ecology in the new data flow track.

Finally, Lin Yongqin said that "Taiyang Port" as an enterprise data service hub has unique advantages and great potential. It can not only help enterprises from having data to making good use of data, and release the value of data. It can also promote data flow and cooperation among enterprises. In the future, as more enterprises join this platform, we can look forward to the birth of a more prosperous data flow ecology.

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