Big Data Revolution: 7 Groundbreaking Developments in China
The rapid evolution of big data technology has transformed the way businesses and governments operate in China. In this article, we’ll delve into seven significant developments that showcase the country’s commitment to harnessing the power of big data.
1. Unicom’s Big Fire Intelligence Data Service Center
China Unicom has partnered with Miao Shield to create a cutting-edge data service center, leveraging the integration of “things” and big data to provide security risk analysis services to local governments and industries. This innovative project is expected to promote the widespread adoption of big data applications in the fire and security sectors.
Code Snippet: The center will utilize advanced technologies, including IoT and data analytics, to provide comprehensive risk assessment and decision-making support.
2. Genting Technology’s $20 Million Funding
Genting Technology, a leading provider of big data platforms for the liquefied natural gas industry, has secured $20 million in funding from the Suzhou Industrial Park Co., Ltd. under Industrial Investment Fund. This investment will enable the company to further develop its platform and expand its operations.
Statistics: Genting Technology was established in 2014 and has been committed to providing big data solutions for the LNG industry.
3. Baidu’s AI Ambitions
Baidu, a pioneer in artificial intelligence, has set a bold target for 2017: to explore four key areas of AI application – face recognition, transportation, finance, and mobile technology. This strategic move aims to integrate hardware and software effectively, solidifying Baidu’s leading position in the industry.
Quote: “We are committed to making significant strides in AI research and development, with a focus on practical applications that benefit society,” said Lin Yuanqing, Director of Baidu’s Deep Learning Institute.
4. Almost Human’s Pre-A Financing
Almost Human, a media company specializing in AI-powered content, has secured Pre-A funding from Morningside Capital. This investment will enable the company to expand its global team and enhance the quality and quantity of its content offerings.
Investment Amount: The specific amount of the investment was not disclosed.
5. Hashed Health’s $1.8 Million Funding
Hashed Health, a blockchain startup focused on the healthcare sector, has raised $1.8 million in funding from Martin Ventures and distributed investors. This investment will support the company’s development of blockchain solutions and networks for the healthcare industry.
Founding Date: Hashed Health was founded in 2016 and has been committed to providing professional technical support for blockchain applications in healthcare.
6. Vault Dragon’s $11.6 Million Financing
Vault Dragon, a digital medical data service startup, has secured $11.6 million in financing from Golden Equator Capital and US private equity firm Raging Bull. This investment will enable the company to expand its operations and provide medical data storage and software services to the Southeast Asian market.
Founding Date: Vault Dragon was established in May 2013 and has been committed to providing medical data storage and software services.
7. Real Feather Flute Grace’s Three New Board Listings
Real Feather Flute TU Information Technology Co., Ltd., a provider of large data-centric information technology solutions, has successfully listed three new boards. This achievement demonstrates the company’s expertise in data warehousing, data mining, and report management platforms.
Listing Broker: The company’s application for listing was hosted by BOCI Securities.