(ECNS) -- China's first big data exchange operation, established in Guiyang, Guizhou province, will be launched in May 2015, with registered capital of 50 million yuan ($ 8.05 million).
The rapid development of modern information technology has ushered in an era of big data, which is changing the mode of production and lifestyle, and will arouse a new round of technological revolution among various industries.
Wang Sanshou, president of the big data exchange, said the big data industrial base is a major strategy promoted by the local government, which will provide data support for industry transformation and upgrading in the southwest province.
Combining big data development strategies and policy advantages, the big data exchange operation will accelerate the construction of Internet and big data financial centers in Guiyang.
The exchange will also provide various value-added services, including data cleaning, modeling and analysis, and data platform development.
Trading services on the exchange will be conducted electronically through an online transaction system to match client requests.
Big data will become the core of various decision-making factors for governments and enterprises. The Guiyang big data exchange will provide a fair and reliable environment to operate big data transactions, Wang said.
