China Big Data – Opportunities, Challenges, and Strategies

Data is increasing at an astounding rate and the analysis and understanding of these large sets of data, known as "Big Data", is the key to gaining a competitive advantage. This is of considerable importance in China, which will soon become the world's most important data market. IDC forecasts that the global market of big data and services will reach US $16.1 billion in 2014, nearly RMB 100 billion.

The age of Big Data is coming. Statistics show that nearly half of the leading companies in each industry have established their own data management strategies, which companies have on average four times the average annual revenue than their peers. Additionally, more and more leading players in the IT industry are prioritizing Big Data as a major driver for growth. Chinese companies such as Alibaba and Baidu are incorporating Big Data into their strategic plans, with Alibaba creating a new data-platform division with approximately 800 employees.

AmCham China's Information & Communication Technology (ICT) forum and the US Information Technology Office (USITO) host this panel discussion on this hot topic in China with leading experts covering business opportunities in relation to the increasing importance of data in society today, along with the regulatory framework under which companies are required to meet a number of new obligations with respect to how they process and use data. The topics to be discussed will be, but not limited to:

- Key trends for Big Data in China;
- Big Data opportunities for foreign companies (small and large);
- Challenges foreign companies face in the China Big Data space;
- Strategic options and business models, which will allow for success;
- Legal framework of data privacy in China and implementations for companies.