CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference: A Look at the Future of AI Integration in Various Industries

CITIC Telecom, a leading multinational telecommunications company in the Asia-Pacific region, is participating in the 2024 World AI Conference to showcase their innovative use of technology and digital empowerment. Collaborating with its subsidiaries, CITIC Telecom will be exhibiting at the conference for the third consecutive year. With the support of CITIC Group, the company will be highlighting their advancements in AI development, industry integration, digital transformation for businesses involved in the "Belt and Road" Initiative, and the creation of new innovative solutions on a global scale.

In this year's exhibition, CITIC Group is highlighting how their technologies, industries, and finance sectors work together to create new opportunities. The theme "Smart CITIC: Creating Possibilities Together" showcases how AI is being integrated into different parts of their business, showing the innovative and impactful role that CITIC Group plays in advancing the digital economy.

CITIC Telecom is a significant part of the new consumer market and plays a crucial role in CITIC Group's "Belt and Road" business strategy. At the "AI+ Computing Network" exhibition zone, CITIC Telecom showcases themes like "AI+" and "China-France Corridor" digitalization, highlighting technologies such as AI, big data, and AR, along with its global ICT resources. By demonstrating the best applications in various industries, CITIC Telecom supports companies in their digital transformation journey through strategies like "Going Global" and "Entering China". They continuously develop digitalization within the "Belt and Road" Initiative, turning ideas into actions and visions into reality.

The "AI+" initiative is helping to drive the adoption of digital technologies in various industries.

In recent years, AI has become a key focus of national strategy. It has not only advanced in technological development, data-driven solutions, and policy support, but has also become more integrated across different industries. The Government Report for this year introduces the "AI+" initiative for the first time, with CITIC Group taking advantage of the strategic opportunity by promoting the integration of AI with industrial development. They aim to boost productivity and modernize industrial digitalization. At this year's WAIC event, CITIC Group announced the launch of the "AI+ Action Plan" campaign at a press conference, which is a collaborative effort involving CITIC Telecom and its subsidiaries like CITIC Telecom CPC and China Entercom.

At the "CITIC Solutions Accelerate Industry Transformation" session, China Entercom's Senior Director of Data Science and Innovation, Mr. Adan Zhan, gave a speech on "Global DICT Service Solutions". He highlighted the importance of focusing on optimizing and complying with value propositions in enterprise globalization efforts, particularly in light of initiatives like the "Belt and Road" and "Going Global". Enterprises should evolve their "Going Global" strategies from simply exporting products to building production capacity, leading to a comprehensive transformation of their business models. This transformation process should involve leveraging strengths to offer flexible and modularized DICT services in areas such as Cloud, Network, and Security, as well as utilizing AI and other emerging technologies to empower enterprises and develop customized application scenarios for various industries, ultimately creating new value for businesses.

Furthermore, CITIC Telecom CPC and China Entercom have partnered with CITIC Dicastal, a significant player in CITIC Group's advanced intelligent manufacturing sector and a top aluminum wheel manufacturer globally, to introduce a new "AI+" Action Plan. This plan aims to co-create a large-scale industry model for aluminum automotive components.

CITIC Dicastal is the first factory in the aluminum wheel industry to focus on high-end, intelligent, and environmentally friendly development. They are actively participating in the "Belt and Road" Initiative and helping Chinese enterprises expand globally. CITIC Telecom CPC's Chief Vice President, Layton Lok, expressed excitement about collaborating with CITIC Dicastal to create a secure and efficient data network for their global operations.

The collaboration between two parties aims to develop a model for producing aluminum automotive parts using AI and big data technologies. CITIC Dicastal's extensive experience in manufacturing will be combined with these advanced technologies to enhance various aspects of the industry such as manufacturing processes, research and development, decision-making, and sustainability practices. China Entercom will provide security capabilities to ensure real-time alerts and cross-factory connectivity for CITIC Dicastal's global operations while also monitoring information security threats, particularly in the Belt and Road region. These efforts will strengthen information security and pave the way for a new era of innovation in the industry.

The "China-France Corridor" is driving the advancement of new digitalization development.

In the exhibition area of CITIC Group, the focus is on the "China-France Corridor", highlighting CITIC Telecom's efforts in supporting businesses in both China and France. According to Mr. Dickson Ip, Chief Technology Officer of CITIC Telecom, this year marks the 60th anniversary of diplomatic relations between the two countries. Europe is a key region for CITIC Telecom's resources, which is why they have created a special exhibition area to showcase the progress of cooperation in digital innovation between China and France.

CITIC Telecom has strengthened its partnership with French businesses over time and has made significant progress in supporting them and attracting them to enter the Chinese market. This close collaboration spans across different sectors, including luxury brands, automotive parts manufacturers, media companies, and professional services providers. Through its integrated platform of "Cloud, Network, Security", CITIC Telecom has assisted numerous reputable French companies in establishing a presence in China, expanding their operations in the country, and offering their services to Chinese consumers. In addition, CITIC Telecom is committed to assisting Chinese companies in expanding internationally and accessing the French market by offering comprehensive ICT resources and local technical assistance. This facilitates a strong and secure connection between Chinese and French enterprises, ultimately contributing to the advancement of the global digital economy.

One example of how artificial intelligence is being used in a corporate setting is a project by a multinational manufacturing company. The China Entercom team is using AI and big data to create a material forecasting solution for the customer's supply chain system. Their goal is to improve accuracy to over 80% within the next 6 months by incorporating market trends, sales data, seasonal patterns, and economic indicators into their machine learning algorithms for predicting demand fluctuations.

Mr. Dickson Ip stated that CITIC Telecom aims to serve as a connection and facilitator, leveraging new digital technologies to seek out more chances for partnership with French businesses in areas such as advanced manufacturing, retail, and urban development.

Boosting digitalization in the "Belt and Road" Initiative through new accomplishments and building momentum for different industries.

Interconnectivity is at the core of the "Belt and Road" Initiative. CITIC Telecom has been actively involved in implementing the Initiative since its inception, following strategies of expanding globally and entering the Chinese market. In addition to enhancing its own international ICT resources, CITIC Telecom is also focused on integrating new technologies like AI, cloud computing, and network security. The company is dedicated to partnering with global businesses in their digital transformation efforts under the "Belt and Road" Initiative, supporting the growth of Chinese and foreign companies in various sectors worldwide.

CITIC Telecom operates in 160 countries and regions on 5 continents globally. They have a network that includes nearly 170 points of presence, 21 cloud service centers, over 30 data centers, three 24×7 Security Operations Centers, and more than 600 service partners worldwide. This allows them to provide excellent delivery services to customers and strengthen their Global-Local strategy.

Recent advancements in digitalization within the "Belt and Road" Initiative have helped Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group expand their global presence by improving operational efficiency, reducing costs, implementing new technologies, and increasing market reach in countries along the "Belt and Road". Additionally, CITIC Telecom, with its extensive experience in China, is assisting foreign enterprises in translating technology into business success and achieving sustainable growth and stability in the Chinese market.

CITIC Telecom has assisted more than 3,000 businesses in expanding globally and entering the Chinese market, and has provided services to over 40,000 local enterprise clients. Additionally, CITIC Telecom has over 200 Fortune 500 companies as its customers.

Mr. Layton Lok stated that both Chinese companies expanding globally and foreign companies entering the Chinese market have a positive influence on local economies and promote mutual growth. For example, a project by CITIC Dicastal in Morocco has provided over 1,800 job opportunities for locals by establishing a high-end intelligent automotive aluminum parts manufacturing base. Additionally, a French-owned beauty industry has chosen Shanghai as its North Asia headquarters, utilizing digital solutions to enhance market presence in the Yangtze River Delta and support integrated development in the region.

Come to our exhibit at booth H1-B101.

Artificial intelligence (AI) is a crucial digital technology in today's world. Its widespread use in various industries and creative applications helps businesses improve their value and undergo transformation. Stop by the CITIC Telecom booth H1-B101 to see our innovative accomplishments and collaborate on integrating and implementing new digital technologies.

The 2024 World AI Conference is happening soon. For additional details, please visit the website www.citictel.com.

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