Data, AI, digital twin investment key to growth

Chinese companies should invest in data, artificial intelligence and digital twins, which are increasingly perceived as key drivers to build resilient supply chains and achieve autonomous production, said a new report from global consultancy Accenture.

The report said the surveyed Chinese enterprises plan to invest 6 percent of their revenues in digitalization, automation and relocation related to their supply chains and production facilities — higher than the global average of 4.5 percent.

"Chinese companies are becoming more active in building digital maturity as resiliency has become an opportunity for growth, not just a strategy for survival," said Yu Hongbiao, industry X lead at Accenture Greater China.