CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference: A Deep Dive into AI Integration and Industry Transformation
CITIC Telecom, a leading multinational telecommunications company in the Asia-Pacific region, has partnered with its subsidiaries to participate in the 2024 World AI Conference for the third consecutive year. With the support of CITIC Group, the company will showcase its advancements in AI, industry integration, and digitalization for businesses involved in the "Belt and Road" Initiative. Their goal is to create new innovative solutions for global markets.
This year, CITIC Group is displaying its integrating advantages in the "Application Empowerment" exhibition zone, showcasing the theme of "Smart CITIC: Creating Possibilities Together". The exhibition demonstrates how AI is deeply integrated across various business sectors, highlighting CITIC Group's expertise in driving the high-quality development of the digital economy.
CITIC Telecom plays a significant role in the new consumer sector and is a key part of CITIC Group's "Belt and Road" business strategy. At the "AI+ Computing Network" exhibit, CITIC Telecom showcases the integration of artificial intelligence and digitalization through the "China-France Corridor". The focus is on showcasing cutting-edge technologies like AI, big data, and AR, along with the advantages of global ICT resources. By implementing the "Going Global" and "Entering China" strategies, CITIC Telecom helps businesses speed up their digital transformation process. They are actively involved in the digitalization efforts of the "Belt and Road" Initiative, turning concepts into actions and visions into reality.
The "AI+" initiative aims to support and drive the digital transformation of industries.
In recent years, AI has become a key focus of national strategy. It has not only advanced significantly in technology, data-driven solutions, and policy support, but has also become more deeply integrated into various industries. This year, the Government Report introduced the "AI+" initiative for the first time. CITIC Group is taking advantage of the strategic opportunities presented by AI, promoting the integration of AI with industrial development, and speeding up the development of new productivity and modernized industrial digitalization systems. During this year's WAIC, CITIC Group held a press conference to announce the launch of the "AI+ Action Plan" campaign, led by CITIC Telecom and its subsidiaries like CITIC Telecom CPC and China Entercom.
During the "CITIC Solutions Accelerate Industry Transformation" session, China Entercom's Senior Director of Data Science and Innovation, Mr. Adan Zhan, discussed the importance of global DICT service solutions in the context of initiatives like the "Belt and Road" and "Going Global". He highlighted the need for enterprises to focus on optimizing and complying with value propositions when expanding globally. Zhan emphasized the importance of transitioning from exporting products to building production capacity in order to transform business models. He also stressed the importance of leveraging advantages to offer flexible DICT services like "Cloud, Network, Security" and using technologies like AI to empower enterprises and create new value for different industries through tailored application scenarios.
Furthermore, CITIC Telecom CPC and China Entercom have partnered with CITIC Dicastal, a prominent member of CITIC Group's advanced intelligent manufacturing division and a top aluminum wheel producer 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 car components.
CITIC Dicastal is the first factory in the aluminum wheel industry to focus on high-end, intelligent, and sustainable development. They are actively involved in the "Belt and Road" Initiative and are leading the way for Chinese companies to expand globally. Chief Vice President of CITIC Telecom CPC, Mr. Layton Lok, expressed enthusiasm for collaborating with CITIC Dicastal to create a secure, efficient, and fast data network to support their globalized, digital, and intelligent operations.
A collaboration between two parties will create a model for manufacturing aluminum automotive parts that incorporates AI and big data technologies. This partnership will combine CITIC Dicastal's extensive experience in manufacturing with cutting-edge technologies to improve various aspects of the industry, such as manufacturing processes, research and development, decision-making, and sustainability efforts. China Entercom will provide security capabilities to enhance real-time alerts and ensure information security across global factories. These efforts aim to boost production efficiency, intelligence, and overall smart manufacturing practices in the industry, ultimately setting a new standard for information security.
The "China-France Corridor" is facilitating the growth of new digitalization advancements.
The main attraction at CITIC Group's exhibit area is the "China-France Corridor", highlighting CITIC Telecom's efforts in supporting businesses in China and France. According to Mr. Dickson Ip, the Chief Technology Officer of CITIC Telecom, this year is the 60th anniversary of diplomatic relations between China and France. Europe is also a key area for CITIC Telecom's resource allocation. As a result, the "China-France Corridor" exhibition was created to showcase the collaborative advancements in digital innovation between the two countries.
Over the years, CITIC Telecom has strengthened its partnership with French businesses and has achieved significant success in helping them expand into the Chinese market. They have successfully connected global operations across various industries including luxury brands, automotive parts manufacturers, media companies, and professional services. Through their integrated platform of "Cloud, Network, Security", CITIC Telecom has assisted numerous prestigious French companies in establishing a presence in China, strengthening their presence, and offering services in the country. Additionally, CITIC Telecom is dedicated to supporting Chinese companies in expanding internationally and accessing the French market by providing extensive ICT resources and local technical assistance. This enables a secure and robust connection between Chinese and French companies, ultimately contributing to the growth of the global digital economy.
One example of how AI is deeply integrated into corporate business is a project carried out by a multinational manufacturing company. The China Entercom team used AI and big data to create a material forecasting solution for the customer's global supply chain, aiming to lower costs and enhance efficiency. They aim to improve the accuracy of the forecasting system to above 80% within the next 6 months. The solution uses market trends, past sales data, seasonal patterns, and economic indicators, along with machine learning algorithms, to predict changes in market demand.
According to Mr. Dickson Ip, CITIC Telecom is dedicated to serving as a connection and facilitator, utilizing new digital technologies to seek out further chances for collaboration with French businesses in areas such as intelligent manufacturing, retail, and urban development.
Boosting digitalization within the "Belt and Road" Initiative by introducing new advancements 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 a strategy of expanding globally and entering the Chinese market. In addition to enhancing its own global ICT resources, CITIC Telecom is also working on integrating new-generation technologies like AI, cloud computing, network, and security. The company is dedicated to being a partner in the digital transformation of global businesses under the "Belt and Road" Initiative, supporting the growth of Chinese and foreign companies in various industries worldwide.
CITIC Telecom operates in 160 countries and regions across 5 continents globally. They have a wide-reaching 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 setup allows them to provide excellent delivery services to customers and strengthens their Global-Local approach.
The latest advancements in digitalization within the "Belt and Road" Initiative are helping Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group expand globally, especially in countries along the "Belt and Road." These achievements aim to improve operational efficiency, reduce costs, implement new technology, and increase their presence in the global market. Additionally, CITIC Telecom, with over 20 years of experience in China, is assisting foreign enterprises in transforming technology into business success and achieving stability and growth in China.
CITIC Telecom has helped more than 3,000 businesses expand internationally and establish a presence in China. They have also provided services to over 40,000 local businesses. Additionally, CITIC Telecom has over 200 Fortune 500 companies as their customers.
According to Mr. Layton Lok, both Chinese companies expanding globally and foreign companies entering the Chinese market have positive effects on local economies and promote mutual growth. For example, the high-end intelligent automotive aluminum parts manufacturing base project established by CITIC Dicastal in Morocco has provided over 1,800 job opportunities for the local population. Additionally, a French-owned beauty company has established their North Asia headquarters in Shanghai, utilizing digital solutions to enhance their market reach in the Yangtze River Delta and meet the development needs of the region.
Stop by our booth at location H1-B101.
Artificial intelligence (AI) is a prominent 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 latest innovations and collaborate on integrating digital technologies in new ways.
The 2024 World AI Conference can be found at www.citictel.com for additional details.
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