The big data industry is concerned with the gathering, storage and analysis of massive amounts of data for the purposes of discovering new knowledge andcreating value. Big data is mostly used in education, traffic, energy, big health and finance. As mobile internet, IoT and Cloud Computing industries continue todevelop, big data is expected to grow by leaps and bounds in 2019 and beyond.

1.The big data industry supply chain

The big data industry supply chain is separated into three segments, namely data sources, big data products and big data service applications. The sources of big data in China consists of government departments, corporations and data vendors. Big data products include software such as big data platforms, cloud storage and data. Big data services include analysis services, application services and infrastructure services.

2.Big Data market analysis

Theamount of data generated per day in China has rapidly increased in tandem with developmentsin IoT, Mobile Internet and Cloud Computing technologies. The Chinese Big Data Industry reached a size of CNY 480 billion in 2017, a 23% growth over theprevious year. The Big Data hardware industry also reached a total size of CNY23.4 billion, a 39% growth over the previous year.

The Chinese Big Data industry reached a landmark size of CNY 600 billion in 2018. AskCI estimates indicate that the continued integration and widening applications of big data will eventually lead the industry to reach a scale of CNY 808 billion.New breakthroughs are expected to arrive in data mining, machine learning,industry transformation, data and capital management and IT security sectors.