COVID-19 has forced the global economy to deal with added uncertainty and dramatic upheaval. In response to the economic impact of the pandemic, and in order to boost economic recovery, governments around the world adjusted their policies to promote the convergence of traditional industries with digital technology, advance the digital transformation of industries, and develop the "digital economy". Under the impetus of the digital economy supported by immense computing power, new industries have been developing rapidly.

As digitalization accelerates, the digital economy is set to become a major driver for global economic recovery and will be a source of continued economic growth in the future. Digital transformation has become the focus of global attention during the pandemic, with both developed and developing countries continuing to stress the importance of the digital economy. Based on the overall trend and forecast from 2016 to 2025, the digital economy accounts for a rising proportion of GDP for each country. It is expected that this proportion will reach 41.4% by 2025.

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With the technological advancement and quickly evolving product innovation typified by AI, digital technology has accelerated its deep convergence with vertical industries, and its applications have been undergoing constant improvement and innovation. When it comes to the practical application of digital technology, the decisive factor is computing power. Huge computing resources are behind the practical application of every new technology. As the digital economy continues to grow, so too will the computing power required to run it.

Presentation Videos

Jay Zhang
Vice President of Inspur
Global Business and CEO
of Inspur Europe

Matthew Eastwood
Senior Vice
President, IDC

Peter Seeberg
AI expert

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News Coverage

“As a key productivity factor in the age of the digital economy, computing power has become the mainstay and driving force behind the development of the digital economy. The white paper shows that greater investment in computing power in a country or region can lead to economic growth and that growth has a long-term multiplier effect.”

“The digital economy and real economy are growing rapidly, and the value of computing power for industrial transformation and national competitiveness is recognized worldwide. The white paper thus encourages countries to invest more in computing power infrastructure and strengthen international cooperation and joint development of computing power.”
“The statements in the IDC white paper match the report that Inspur, together with the HPC expert Megaware, have just expanded the research capacities of the Friedrich-Alexander University of Erlangen-Nuremberg (FAU) with a GPU cluster consisting of Inspur GPU servers..”

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