From August 31 to September 5, the "China International Fair for Trade in Services 2022" was held in Beijing. In his congratulatory letter this year, President Xi Jinping emphasized that "China is ready to work with the rest of the world to uphold genuine multilateralism, insist on inclusiveness and win-win cooperation, join hands to promote an open and shared service economy, and inject momentum into the recovery and development of the world economy."

The conference, more than 400 of the world's top 500 as well as leading international enterprises offline exhibitors, the overall internationalization rate reached 20.8%, an increase of nearly 3 percentage points over the previous session; 71 countries and international organizations appeared in the comprehensive exhibition, the United Arab Emirates, Switzerland, Italy and other 10 countries for the first time to set up exhibitions in the name of the country.

In today's world, the digital economy has become a powerful engine to drive economic development. Both governments and enterprises are promoting the implementation of the digital economy in various fields on all fronts.

As a representative enterprise of digital economy, Baiwang.com was invited to participate in the conference and released the "Baiwang.com Digital Business Index (DBI)".

This is a digital business confidence prediction index that encompasses the whole country, regions, industries and industrial chains, built by Baiwang.com based on the digital business platform, by tracking the real-time changing business operation behaviors of enterprises in different periods, industries and regions, and using technical models such as big data, privacy computing, joint computing and knowledge graph. The Digital Business Index (DBI) is an important manifestation of digital transformation from digital foundation construction to data analysis and intelligent application, which helps organizations to conduct industrial business analysis and economic trend observation, as well as provide forward-looking information for business decision makers to achieve business insight and strategic decision-making, forming a new model of industry-research collaboration to empower economic development in the new era. Representatives from NPC Business School and Cheung Kong Graduate School of Business witnessed the release of the index.

In 2022, Baiwang.com digital business platform will be newly upgraded to build Baiwang.com digital business index on the basis of traditional digital ticketing, intelligent tax services and digital technology applications with the advantage of "Baiwang.com Brain" algorithm + arithmetic power.

The Digital Business Index is based on the massive data accumulated in the process of providing digital transformation services on the Baiwang.com platform over the years. Under the premise of full privacy protection, the algorithm and arithmetic power of the "Baiwang.com Brain" support the indexed feedback from commodities to transaction behaviors, from transaction behaviors to industry chain activities, and from industry chain activities to industry development, reflecting business transactions, business transaction confidence and business expectations from different perspectives.

Compared with traditional price indices, which mainly rely on inquiry, the digital business index of Baiwang.com is based on real, real-time transactions, which is more accurate and effective. In the digital business index service, Baiwang.com has formed a variety of services including standardized index subscription, multi-category index aggregation and index model co-construction, covering dozens of complete industrial chains and hundreds of core commodity categories for market transactions.

For enterprises, the digital business index service of Baiwang.com will effectively improve the efficiency and accuracy of business decision-making and enhance the efficiency of supplier risk warning and identification. This is an important initiative to help enterprises make accurate market judgment, optimize resource allocation strategies and business promotion rhythm and gain effective insight into supplier risks in the context of digital intelligence upgrading.

CCTV Interview with Baiwang.com Digital Business Index

Baiwang.com also expects to consolidate the digital economy infrastructure with the digitalization of ticket documents through technological innovation and scene integration, actively promote the digital transformation of traditional enterprises with the integration of four chains, help enterprises digitalize and upgrade the industrial Internet, let digital technology better empower the country and let society share the convenience and efficiency of digital economy.