In the details, see business opportunities.
Editor’s note: This article is from WeChat public account “Notesman” (ID: Notesman), author Tian Feng.
Content Source: On August 27, 2019, at the Shanghai module of the first phase of the Silicon Valley in the Yangtze River Chuangchuang Community, Dean of Shangtang Strategy Research Institute and Founding Dean of Alibaba Cloud Research Institute Tian Feng The wonderful sharing of the theme of “New Retail and Digital Transformation of Industry” was carried out. As a partner, Note Man is reviewed and authorized by the organizer and speaker.
Introduction to Speakers: Dean of Tianfeng Shangtang Strategic Research Institute and Founding Dean of Alibaba Cloud Research Institute.
Notes Today | Limpopo Steps
Cover Design | Zimo Editor | Jiaqi
No. 4088 Good Depth: 10622 words | 24 minutes to read< /strong>
Think before reading:
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What are the trends and opportunities in industrial digitalization?
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How do you make new business models in digital transformation?
Today, the theme we are going to talk about is “new retail and digital transformation of the industry”, which will cover everything from technology to retail to transformation.
Preface, Future Pattern
What kind of pattern do we face in the next 10 years? From the perspective of the Kangbo cycle, the next 10 years will be the worst period of the recession.
How do we do business during this recession? How to make a new business model? Under such a big pattern, what kind of track do we choose and which customer groups to satisfy? This is more critical. Of course, investors are thinking about this.
From 2018 to 2019, the economic environment is actually getting worse and worse.Maybe you are trying your best to run, but the result is going backwards, or the whole market is going down, which is worse than we expected, but it is normal. The cruelty of competition in the entire industry and in the international situation will be greatly exacerbated.
In the past, Ali never felt the recession, but now, Alibaba Cloud’s growth rate has dropped from three digits to two digits.
As a result, everyone began to pragmatically invest in some of the technology transformation industries of the enterprise. You don’t solve my problem, just give me some stories, corporate CIO
(Chief Information Officer, responsible for all areas of corporate information technology and systems)
Will not pay the bill.
Inside, there are actually two very key roles:
first, former CFO (CFO) or CIO, CTO (CTO), will now change Into a very important role – CGO, the chief growth officer responsible for business growth. Whether you are innovating, investing, or building some technology, you end up with a KPI that is business growth.
So, now there are more and more CGOs, especially now there is a cry, “CMOs are all done and become CGO. CMO is a role to spend money, but CGO spends money and will use business as a reward.” .
But for many companies, CGO is still a brand new role, but it is a very clear goal of the CEO (CEO), and even some COO (Chief Operating Officer) has begun to upgrade to CGO.
Second, Chief Artificial Intelligence Officer CAIO. One of the puzzles of the company now is that I spent a lot of money and invited a chief scientist, but I can’t solve the problem of the industry because he doesn’t understand the industry.
So, you need a CAIO that understands both industry and technology. In essence, it is actually the concept of CGO. For example, I will give you three months to six months of time and budget, you have to solve my production problems. Can solve, this position has value; if it can’t be solved, there is no value.
So technology companies are transforming very fast, and some of these decisions are also very fast, especially in the TMT (digital new media industry) field.
Next, let’s talk about the top ten trends in new retail and digital transformation.
Trend One, Technology Cold War: Trade Wars + Technology Wars
Today, Sino-US relations are in a state of long-term cold war, which is actually a trade war. And technology warfare. This state has advantages and disadvantages.
Advantageously, the US is working on the layoffs of Chinese scientists, both from the perspective of employment and defense. In this way, when we recruit relevant talents, it is relatively easy.
There are disadvantages because after the cross-border movement of talents is blocked, there will be big problems. Many new research results in the field of artificial intelligence have previously issued paper (
Paper
In the future, the world is shared, but in the future it is possible to establish some barriers.
Li Kaifu often said: “A few major US companies and Chinese companies are repairing the moat of artificial intelligence. After the completion of the study, many research results are not revealed.”
There is some truth to this. Artificial intelligence and big data are also bordered, so many things will spread or pass slowly.
For example, cloud computing, we were relying on Google’s three open source reports to create a distributed database, distributed computing platform. If the knowledge part of the cross-border territory is now blocked, it is more difficult to make a corner overtaking between China and the United States.
The global supply chain structure is bound to change, which is also a pattern we have to face.
So, how do you play when the supply chain is redistributed? How can we use China’s capital market to pull the re-layout of global supply chains?
There is a possibility that in the future the United States will have a US supply chain, China has a Chinese supply chain, but does not include chips, and chips must be made globally.
Google’s CEO said two years ago that “the future of the world’s Internet will become the US Internet and the Chinese Internet, so there will be many new patterns and challenges.”
We can clearly see from the patent and investment aspects of AI that China is rapidly surpassing the United States.
The future of technology in the industry, mainly relying on engineersInstead of scientists, because engineers determine the extent to which future technologies are popular in the industry.
The next generation, how to use talent advantages and engineer dividends in China determines whether our technology can be better promoted and whether it can be implemented in the industry. And in China, it is possible to seize the engineer’s bonus.
Looking back, this year’s investment is slowing down, and the degree of mitigation is obvious.
Starting this year, the proportion of artificial intelligence investment in the first half of the year was only 1/10 of last year. Without anyone investing, it is difficult for companies to take money from customers or create some industrial value.
Many times, we think that an industry has little to do with investors, but it is not. For example, in the cloud computing industry, few investors can make money in the cloud computing industry. Ali has invested in cloud computing for six years and started earning money six years later.
When I joined Alibaba Cloud in 2014, Alibaba Cloud’s revenue for one year was 1 billion yuan. But no investor will choose to spend 6 years to earn 1 billion.
From this behind we can see that artificial intelligence may have to follow a similar path, but in the end, whether it is relying on a large ecosystem, or really carrying out wilderness survival, you must get some big orders, this is very important. However, large orders are now more from the fields of defense and technology.
Trend 2, China’s fast consumption:
“Business Olympics” to “Commercial Operating Systems”
There is a trend in Silicon Valley now, software companies are doing hardware, hardware companies are doing software.
This is a good understanding. If a software company only has a pure algorithm or a service chain behind it, there is no way to control the initiative, so it is necessary to invest in the hardware entry of the front end. Between software and hardware is actually a business model of intelligent business.
In the business model, China is an open form, such as our China Expo (
China International Import Expo
).
China’s open ecology must first use the market to mobilize better global brand resources and supply chain resources to meet China’s consumption upgrades, and then find some technologies to integrate.
But the United States is actually a closed state, constantly bringing the supply chain back to the US production chain.