Chinese intelligent decision-making services provider Cardinal Operations is stepping up the push to help the digital and intelligent transformation of China's enterprises covering retail, manufacturing, logistics and transportation by leveraging its big data analysis and algorithms to offer tailor-made solutions.

The company has recently completed C2 and C2+ fundraising, raising nearly 500 million yuan ($72.7 million) from Guangzhou Yuexiu Industrial Investment Fund and Guokai Equipment Manufacturing Industial Investment Fund.

Luo Xiaoqu, co-founder and CEO of Cardinal Operations, said there will be leading industrial software companies in China in the next 10 to 20 years buoyed by the advances in technology and demands from various industries in the intelligent era.

He said Cardinal Operations aims to help companies build agile and flexible supply chains, and achieve quick responses, as part of a broader drive to enhance production efficiency as well as reduce operational costs amid an uncertain market environment.

The company's decision optimization services have been applied to more than 100 enterprises in 20 segments, such as e-commerce, energy and aviation, Luo said, adding that he is bullish about the broad application prospects in finance and healthcare industries.

According to a report from research firm International Data Corp, Chinese companies' investment in digital transformation is expected to quadruple its economic growth in 2023, with the compound annual growth rate of digital business expenditures reaching 19.1 percent between 2023 and 2026.

fanfeifei@chinadaily.com.cn