CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference: A Look at the Future of Industry Integration and Global Solutions
CITIC Telecom, a leading 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. Along with their subsidiaries, CITIC Telecom is exhibiting at the conference for the third consecutive year. With the support of CITIC Group, they are 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 the "Application Empowerment" exhibition zone this year, CITIC Group is showcasing the benefits of combining technology, industry, and finance under the theme "Smart CITIC: Creating Possibilities Together". They are demonstrating how AI is deeply integrated across various business areas, highlighting CITIC Group's expertise in driving the digital economy's high-quality development.
CITIC Telecom is a crucial part of the emerging consumption sector and plays a significant role in CITIC Group's "Belt and Road" business strategy. At the CITIC Group's "AI+ Computing Network" exhibition zone, CITIC Telecom focuses on showcasing innovative technologies like AI, big data, and AR, as well as highlighting its strong global ICT resources. By sharing best practices from various industries, CITIC Telecom helps businesses speed up their digital transformation journey through strategies like "Going Global" and "Entering China". The company is committed to advancing digitalization within the "Belt and Road" Initiative, turning ideas into actions and visions into reality.
The "AI+" initiative is supporting the advancement of digitalization in industries by providing tools and resources
AI has become a key focus of national strategy in recent years, showing significant advancements in technology, data-driven solutions, and policy support. It has also become more integrated across various industries. This year, the Government Report introduced the "AI+" initiative for the first time. CITIC Group is taking advantage of this strategic opportunity by promoting the integration of AI with industrial development, fostering new-quality productivity, and modernizing industrial digitalization. At the WAIC event, CITIC Group announced the launch of the "AI+ Action Plan" campaign, led by CITIC Telecom and its subsidiaries such as 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 enterprise globalization focusing on optimizing and complying with value propositions, especially under new development initiatives like the "Belt and Road" and "Going Global". Enterprises should continuously improve their approaches to global expansion by shifting from simply exporting products to building production capacity, leading to a comprehensive transformation of their business models. In this journey, it is crucial to utilize our strengths to offer flexible and modularized capabilities in DICT services like "Cloud, Network, Security", and also leverage emerging technologies like AI to empower enterprises and create tailored application scenarios for different industries, ultimately generating 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 producer of aluminum wheels globally. Together, they have introduced a new initiative called the "AI+" Action Plan to work together on creating a large-scale business model for aluminum vehicle components.
Being the first lighthouse factory in the global aluminum wheel industry, CITIC Dicastal is committed to promoting high-end, intelligent, and environmentally friendly development. The company actively supports the "Belt and Road" Initiative and is leading the way for Chinese enterprises to expand globally. Mr. Layton Lok, Chief Vice President of CITIC Telecom CPC, expressed excitement about collaborating with CITIC Dicastal to create a secure, efficient, and fast data network for their globalized, digital, and intelligent operations.
The collaboration between two parties aims to develop a new model for producing aluminum automotive parts, incorporating AI and big data technologies alongside CITIC Dicastal's manufacturing expertise. This approach will enhance various aspects of the manufacturing process, including R&D, operational decision-making, and environmental sustainability. China Entercom will provide security features to protect data across global factories and monitor potential threats, particularly in the Belt and Road region. These efforts will improve information security and pave the way for a new era in smart manufacturing.
The "China-France Corridor" is driving new advancements in digitalization development.
Located in the heart of CITIC Group's exhibition area is the "China-France Corridor" display, highlighting CITIC Telecom's efforts in supporting businesses in both China and France. Dickson Ip, the Chief Technology Officer of CITIC Telecom, emphasized the significance of the 60th anniversary of diplomatic relations between China and France. He also noted Europe's importance in CITIC Telecom's resource allocation and the establishment of the "China-France Corridor" exhibit to showcase the progress of digital innovation cooperation between the two countries.
Over the years, CITIC Telecom has strengthened its partnerships with French businesses and has achieved success in helping them enter the Chinese market. This collaboration spans across industries such as luxury brands, automotive parts, manufacturing vendors, media, and professional services. Through its integrated platform of "Cloud, Network, Security", CITIC Telecom has assisted numerous esteemed French companies in establishing themselves in China, expanding their presence, and offering their services. In addition, CITIC Telecom is dedicated to supporting Chinese companies in expanding internationally and accessing the French market by providing ICT resources and local technical assistance. This effort aims to facilitate a strong and secure connection between Chinese and French companies, ultimately contributing to the growth of the global digital economy.
One example of a successful integration of AI and corporate business is a project by a multinational manufacturing company. The China Entercom team used AI and big data to create a material forecasting solution for the customer's supply chain. This solution aims to lower costs and enhance efficiency. The team's goal is to improve the accuracy of the forecasting system to above 80% within the next 6 months. By incorporating market trends, past sales data, seasonal patterns, and economic indicators, and employing machine learning algorithms, the solution can predict fluctuations in market demand.
Mr. Dickson Ip stated that CITIC Telecom is committed to serving as a connection between different parties and utilizing advanced digital technologies to seek out new possibilities for working together with French companies in areas such as smart manufacturing, smart retail, and smart cities.
Enhancing the digitization of the "Belt and Road" initiative with new accomplishments and boosting momentum for different industries.
Interconnectivity is crucial for the success 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 global ICT resources, CITIC Telecom is also focused on integrating new-generation technologies like AI, cloud computing, network, and security. The company is dedicated to supporting global corporate digitalization under the "Belt and Road" Initiative and assisting Chinese and foreign enterprises in various industries with their global development efforts.
CITIC Telecom operates in 160 countries and regions across five continents worldwide. Their network includes almost 170 points of presence, 21 cloud service centers, over 30 data centers, three security operations centers, and more than 600 service partners globally. This extensive infrastructure allows them to provide excellent delivery services to customers and strengthen their Global-Local approach.
The 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 to expand internationally, particularly in countries along the "Belt and Road". This has led to improved network coverage, better operational management, cost reduction, increased efficiency, adoption of cutting-edge technology, and expansion of global market presence. Additionally, CITIC Telecom, drawing on its 20 years of experience in China, is assisting foreign enterprises in turning technology into business value, ensuring long-term stability and growth in the Chinese market.
CITIC Telecom has assisted more than 3,000 companies in expanding internationally and entering the Chinese market. They have also provided services to over 40,000 local businesses. Additionally, CITIC Telecom counts over 200 Fortune 500 companies among its clients.
Mr. Layton Lok stated that both Chinese companies expanding globally and foreign companies entering the Chinese market have a positive impact on local economies and promote mutual development. For example, CITIC Dicastal's high-end intelligent automotive aluminum parts manufacturing base project in Morocco has created over 1,800 jobs for local residents. Additionally, a French-owned beauty industry giant has established its North Asia headquarters in Shanghai, utilizing digital solutions to improve market expansion in the Yangtze River Delta region and meet the integrated development needs of the area.
Stop by our booth at location 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 groundbreaking accomplishments and collaborate on incorporating digital technologies in new ways.
The 2024 World AI Conference can be found at www.citictel.com for additional details.
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