Cliff Wu, the president of SAS Institute Inc Greater China region, a US-based company which is one of the largest providers of data processing and business analysis services in the world. [Photo provided to chinadaily.com.cn]

China has been undergoing the process of strategic transformation, from the high-speed growth to the new normal and structural adjustment. It may bring a great shock for the traditional IT industry, but not for our company which is focusing on data analysis exploration and application. Just the opposite, we are quite optimistic about the market outlook, and predict more business opportunities here.

The State Council issued an action plan to promote the application of big data last year and more government agencies are establishing big data platforms this year.

For companies, when the overall economy is facing a slowdown, they will consider whether to use the data of their own companies or outside data from social media, to analyze and apply the data for more opportunities instead of using traditional ways, such as opening more outlets.

With its years of accumulation, China has played an important role in maintaining stability and growth in the global economy.