In this new age, how to lead regional transformation with digital technology to drive regional economic growth in China is an issue worth solving in each region. To address the existing pain points of regional economic growth, Shanghai Electric has launched an Industrial Internet platform for cities and industrial parks. With a focus on collaboration & innovation, clustering & intensification, intelligence & integration, as well as sustainability & safety, it delivers a comprehensive set of solutions spanning from digital empowerment, supply chain collaboration, innovative practices, industrial interconnection to top-level design. The aim is to 1) promote a region to develop in a clustered, innovative and intelligent manner; 2) network, coordinate and integrate external resources for regional development; and 3) unleash the economic, social and global value of the region.

The Industrial Internet platform, with its digital & intelligent empowerment and collaborative innovation features, enables companies in a park to swiftly move production and operation to the cloud, and connect with the resources in the park, city, region and the wider world as a whole. This will subsequently result in new growth pillars including higher productivity, better operation and management, agile market responsiveness, flexible resource allocation, business model innovation and more. Instead of regional, closed, and isolated operation and development, park operators are allowed to align with official policies and market demands, reduce institutional transaction costs, improve park governance service capabilities, and more accurately develop strategies for investment opportunities and marketing, so that they can devise more rational industrial plans and differentiate themselves from other parks. Meanwhile, by building an efficient partnership between the government and park, the platform makes it possible for the government to effectively coordinate, precisely support, and supervise the park, improve the accuracy of government decision-making, and promote the sustainable and healthy development of the regional economy and society.