Big Data Revolution Unleashes the Value of China’s Database Industry — GBase Chairman Cui Weili Attends and Speaks at Essence Securities 2016 Strategy Conference

December 15-17, the Essence Securities 2016 Strategy Conference was grandly held at the Pudong Shangri-La Hotel, Shanghai, with over 3,000 participants attending this investment event. At this year's brokerage strategy conference, industry experts, corporate executives, and analysts engaged in in-depth discussions with investors on industry trends and investment opportunities. GBase Chairman Cui Weili delivered a keynote titled "The Big Data Revolution: Unleashing the Value of China's Database Industry," which drew strong attention from attendees.

Chairman Cui Weili specifically noted: The big data industry, from data sorting to usage, can be divided into five stages: data collection, data cleaning, data storage and management, data analysis, and data visualization. Cloud computing transforms IT; big data transforms business. The micro-level transformations in business include: cost, operational vision, market breakthroughs, and new business models.

1. Cost: Creating new data technologies to process data, dramatically reducing costs.

2. Operational Vision: Data analysis can be elevated to the corporate group level, providing management with a panoramic view. Moreover, data analysis tools are extended from executives to all employees.

3. Big data ultimately transforms software companies' businesses. Taking the database industry as an example, in the past a single architecture supported multiple applications, but in the big data era architectures have fragmented to support diverse applications. For database software, this means changing storage structures and computing architectures. Furthermore, driven by big data, the customer base is also shifting; previously serving government and military sectors, it now rapidly expands to high-end sectors such as banking, telecommunications, and finance.

4. Business Models: Big data enables vendors to perform precision marketing and achieve targeted ad placements.

China's database industry is embracing a golden opportunity in the big data era and will certainly unleash greater value.