BEIJING, March 30 – Chinese officials have unveiled the World Data Organisation, a new international body designed to foster coordinated data development and management practices worldwide, state broadcaster CCTV reported.
The newly formed organization seeks to eliminate obstacles created by varying data regulations across nations through building industry-wide agreement and assisting international corporations in lowering their regulatory compliance expenses.
The group also plans to create comprehensive systems by implementing data solutions in real-world applications including healthcare, educational institutions, and power generation to advance project development and industrial advancement.
According to Tan Tieniu, who serves as chairman of the World Data Organization, the swift growth of artificial intelligence has transformed data into a primary engine for economic expansion, establishing the necessity for an internationally acknowledged forum to tackle data-related issues.
The organization has already gathered more than 200 participants representing over 40 nations worldwide.
Member organizations encompass corporations, academic institutions, research centers, global organizations, and banking institutions spanning sectors including financial services, healthcare, energy production, internet technology, and automotive manufacturing.
