Enterprise Digital Value Summit Held: Co-creating the Future of Enterprise Digital Transformation
On August 23, 2019, the 2019 Global Enterprise Services Conference, themed “Digital Enterprise, Intelligent Service,” opened at the Sanya Bay Mangrove International Convention Center in Hainan. More than 10,000 global elites, renowned entrepreneurs, experts, scholars, ecosystem partners, and media representatives from various industries gathered to unleash their creativity, share experiences in transformation, and jointly build a new digital and intelligent future for enterprises. On the second day of the conference, the Digital Value Summit was launched. As one of the three major summits focusing on “Ecosystem, Value, and Technology,” the Digital Value Summit centered on enterprise digital transformation, bringing together leaders from industry, academia, research, and application to engage in in-depth thinking, exchange ideas, and innovation on practical innovation, value activation, and value enhancement in the process of enterprise digital development.
Under the historical opportunity of three overlapping waves, Yonyou enables enterprise digital development.
The digital wave is surging forward, and digitalization is the pulse of enterprise development. In his speech, “Enterprise Cloud Services Enable Digitalization,” Wang Wenjing, Chairman of Yonyou Network, stated that “Chinese enterprises are standing at a tremendous historical opportunity presented by the convergence of three waves: digitalization, localization, and globalization.” This opportunity, coupled with the impetus of localization, has propelled Chinese enterprises to the forefront of the world in terms of technological innovation, business models, and management methods. Ecosystem platform enterprises originating from local Chinese practices will undoubtedly become a powerful force in the future, leading new directions in evolution. Value activation is a constant goal for enterprises. Addressing the open and profound issues of data-driven value activation, Wang Wenjing mentioned that digitalization brings new value to enterprise business innovation, management reform, financial integration, and IT upgrades, ultimately manifesting in basic operational goals such as increased revenue, reduced costs, improved efficiency, enhanced quality, and risk control. With the advancement of digital transformation, enterprise services have formed a domestic industrial system encompassing basic IT products, application services, and professional services. Under this opportunity, the enterprise service industry is showing a trend of “three-way advancement”: platform aggregation, professional in-depth cultivation, and ecological co-prosperity. Yonyou is committed to continuous innovation, empowering enterprises’ digital transformation and leading their digital development.
Enterprise digitalization has entered a critical phase, unlocking the boundless potential of business innovation.
Digital transformation has penetrated all industries, and pioneering enterprises have already truly experienced the immense value that data brings to their operations and development.
Starting from a counter, establishing a clothing brand, and now becoming a fashion club for millions of high-end consumers, the growth path of EVE Group can be seen as an industry model. As a pioneer in the digitalization of the apparel industry, its digital innovation practices are highly worthy of emulation. Xia Hua, Chairman of EVE Group, frankly stated, “In the digital age, companies like Yonyou have given the apparel industry unlimited possibilities, and EVE Group has deeply benefited from digital transformation.” An open digital system allows EVE Group to better control the relationship between consumer demand and various aspects of manufacturing and supply, creating more and more blockbuster products. “From embroiderers in remote mountains to a database of Chinese handicrafts, the digital age has made many impossibilities possible.” Through the implementation of digitalization, EVE Group has established an online market in remote mountains, opening the door to new retail. Digitalization has given the apparel industry new opportunities and vitality.
Zhang Xiaoyi, CIO of Midea Group, shared the transformative impact of Midea’s digital transformation, starting from the Industrial Internet. Midea’s digital transformation journey began in 2013, progressing through different stages: Digitalization 1.0, +Internet, Digitalization 2.0, Industrial Internet, and +Internet business transformation, ultimately leading to Digital Midea. From initially fragmented data, systems, and processes, Midea has evolved into a unified system, a single standard, and a unified Midea, further digitizing manufacturing, management, and the supply chain. Zhang Xiaoyi shared, “Under digitalization, Midea has shifted from passive to proactive data management, from big data driving to big data speaking.” Data integration management experience comprehensively drives enterprise operations, providing Midea with continuous confidence for its intelligent and digital transformation.
Yonyou Accelerates Enterprise Digital Implementation Through Customer Value Innovation
Currently, Yonyou Enterprise Cloud Services are assisting over 4.93 million enterprises and public organizations in their digital and intelligent development. When discussing his understanding of enterprise digitalization, Xie Zhihua, Executive Vice President of Yonyou Network, shared three core viewpoints: Enterprise digitalization is shifting from “business datafication” to “data businessfication”; social business modeling based on organizational networks can transform enterprise digital services, connect internal and external resources, and achieve optimized resource allocation; digitalization makes enterprises increasingly real-time and efficient, and the enterprise task database meets the real-time needs of enterprise operation and management.
At the conference, Xie Zhihua shared classic digital transformation cases from various industries, providing inspiration for enterprises seeking digital transformation or encountering problems in the process, covering dimensions such as business models, management, operations, and platform innovation. Yonyou Enterprise Cloud Services continues to enhance its capabilities, providing better support for enterprise digital practices. The newly upgraded large-scale hybrid cloud NCcloud enables large enterprises to achieve full mobility and role-based functionality; the iaup5.0 data platform further promotes the intelligent implementation of products, achieving the synergy of enterprise data and business, and further stimulating the digital value of enterprises.
Yonyou also launched YonSuite, a smart cloud ERP for growing enterprises.
During the Digital Summit Dialogue, several guests from industry, academia, and research shared their understanding of the digital ecosystem. Liu Xiangming, co-founder of Titanium Media, believes that the richness and activity of the digital ecosystem determines its value. Wu Lianfeng, Vice President and Chief Analyst of IDC China, shared three suggestions for enterprise digitalization: establishing a digital transformation vision at the top level, designing a roadmap using new technologies and application scenarios, and building a rich platform and ecosystem with partners. Zhu Gang, Senior Vice President of AsiaInfo Group, believes that under the development trend of 5G, enterprises can achieve real-time perception and data accumulation through digitalization, forming a knowledge platform to support ecosystem development. Lin Shiwan, Chairman of the Technical Architecture Group of the Industrial Internet Consortium (IIC), believes that bringing together enterprises with deep professional and industrial knowledge from different fields to form complementarity is the most effective way to serve industrial enterprises. Chen Yongzheng, Co-Chairman of Suirui Technology, believes that 5G and edge computing can develop many applications and technologies that were previously impossible, such as quantum technology, blockchain, and new biotechnology. When discussing the digitalization of large enterprises, Wang Jian, Senior Vice President of Yonyou Network, shared Yonyou’s experience. As the value of digitalization is gradually amplified, the informatization of enterprises extends beyond the industry to achieve socialized commerce. At the same time, the internal systematization is becoming more in-depth, transforming into shared services. Xie Zhihua, Vice President of Beijing Technology and Business University, pointed out when talking about talent cultivation in the digital age that the essence of education is scenario reproduction. The digital age has truly achieved a perfect integration of theory and practice.
