What is the significance and function of digital transformation of state-owned enterprises at present?

First, digital transformation is the driving force for the high-quality development of enterprises. Digital economy represents the development direction of the future economy, and has become the core element of economic growth and the key field of enterprise competition. Accelerating digital transformation will accelerate the innovation of new technologies, the cultivation of new products, the dissemination of new models and the development of new formats, promote enterprises to integrate and improve the global supply system more widely and deeply, push China's industries to the middle and high end of the global value chain, and accelerate the high-quality development of enterprises.

Second, digital transformation is an effective way to build a new competitive advantage. The new generation of information technology is the core force of the new round of scientific and technological revolution, which has great potential for industrial transformation and is a key field for China to build competitive advantage and seize the leading position in development. Cuhk consulting digital experts believe that accelerating digital transformation will promote the subversive reconstruction of state-owned enterprises' production methods, business forms and business models, and have the opportunity to give play to the advantages of latecomers, realize lane change and overtake, and seize the commanding heights of a new round of industrial competition.

Third, digital transformation is a powerful starting point for innovation-driven development. The new generation of information technology is the most active, widely used and radiation-driven innovation field in the world. Under the current complicated and changeable international and domestic new situation, accelerating digital transformation will effectively stimulate the innovation vitality of state-owned enterprises, reduce the innovation threshold and cost of state-owned enterprises, accelerate the construction of a real-time, open, efficient and collaborative innovation system, and drive innovation and development.