In recent years, Changsha, the capital city of Hunan Province, has been strategically aligning itself with the rapidly growing digital economy, particularly within the Tianxin Economic Development ZoneThis region has identified big data and artificial intelligence as key areas to foster and develop a new kind of productive force tailored to local conditions.

The concept of digital economy is becoming increasingly important, characterized by its capacity to create new forms of productionEncompassing various domains such as big data, artificial intelligence, cloud computing, and the Internet of Things, the digital economy is characterized by high levels of innovation, strong pervasiveness, and extensive coverageIt stands not only as a new engine of economic growth but also serves as a vital support system for the transformation and upgrade of traditional industries.

Changsha's Tianxin Economic Development Zone has seized the opportunity presented by the data revolution

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With a high starting point in planning the development path for the digital economy, the region is focusing on quality arrangements for platform layouts and high standards for nurturing an industrial ecosystemOne can observe the establishment of several cutting-edge infrastructures including a data exchange, two large computational power centers, and eight major data centersThese developments aim to accelerate the integration and innovation of technologies surrounding "data, computational power, and algorithms," leading to an industrial scale of approximately 40 billion yuan within the digital economy.

In today's context, the digital economy has emerged as a pivotal force promoting the green transformation of industries and is considered a significant driving force for cultivating new productive capabilitiesFrom a macro perspective, the digital economy primarily encompasses two core areas: the digitization of industries and the industrialization of digital technologies

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Among these, the significance of industrial digitization is particularly notableBy leveraging next-generation digital technologies such as big data and the Internet of Things, traditional industries can undergo comprehensive upgrades, transformations, and reinventions.

To illustrate, in the manufacturing sector, digitalization empowers companies to utilize smart sensors to capture real-time operational data from production equipmentBy analyzing this data, businesses can carry out precise equipment maintenance, effectively reducing breakdown rates and minimizing energy wasteAdditionally, digital management systems enable enterprises to optimize production processes and effectively manage raw material procurement and inventory, leading to reduced resource wastage and propelling traditional industries towards more advanced, intelligent, and green development.

The digital economy not only provides technological support for the green transformation of traditional industries but also acts as a crucial driver for green development and the cultivation of new productive capacities

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Recognizing this trend, Changsha's Tianxin Economic Development Zone actively embraces the concept of green developmentIt firmly upholds the philosophy that “lucid waters and lush mountains are invaluable assets,” steadfastly pursuing an ecological-first route.

Within the development zone, the digital economy is viewed as a core direction for future growth and a significant push in adjusting the industrial structureWithin a mere two years, through an array of policy guidance and industry upgrading measures, the zone successfully phased out all 361 traditional low-efficiency industrial enterprisesThis move not only optimized the industrial layout of the zone but also mitigated pollution from traditional industries and resource inefficiency, clearing valuable space for the growth of digital economic-related enterprisesToday, the Tianxin Economic Development Zone is proactively attracting businesses involved in big data, cloud computing, and artificial intelligence, aiming to build a flourishing green digital industrial ecosystem that creates a win-win situation for economic development and environmental protection.

In this new era, data has become a vital production element, which is essential for nurturing innovative productive forces

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As a new wave of technological revolution and industrial transformation deepens, the value of data as a critical production factor is increasingly highlighted, establishing it as a foundational strategic resource for nationsIt rapidly integrates into different sectors such as economy and societal service management, profoundly transforming production methods, lifestyles, and social governanceIn a significant sense, whoever can play their cards right with data will have the upper hand in future competition.

The Tianxin Economic Development Zone is actively implementing the national big data strategyIt relies on the Hunan Big Data Exchange, the fifth licensed market operation entity nationwide, the first in Central China, and the only one in Hunan, to establish an industrial chain ecosystemThis ecosystem encompasses the collection, production monitoring, transaction, and application of data, forming a recycling system primarily sourced from four data elements: government affairs, geographic information, meteorology, and audio-visual data

The trading system of the Hunan Big Data Exchange launched its version 1.0 last year, and to date, it has recorded accumulations exceeding 1.2 billion yuan in transaction volume.

The cultivation of digital talent, seen as a key resource, is also crucial for nurturing new productive forcesAchieving high-level technological independence and fostering new productive capabilities fundamentally hinges on the availability of highly skilled innovatorsThe Tianxin Economic Development Zone envisions the broader context of digital economic development, riding the wave of the digital economy’s prominenceIt has implemented the "Tianxin Red" digital talent project, establishing “tech vice president” service stations, focusing on bringing in and nurturing a pool of over 30,000 digital talents within the zone, creating a reservoir of expertise to support the growth of the digital economy and new productive capabilities.