Five Countermeasures Against Big Data Challenges in China

With the development of the social economy, the big data engine has become a core driving force of organization innovation, industry upgrading and national governance modernization. Based on the experience of the U.S. and European nations adopting big data strategy, China should take five countermeasures to implement its big data strategy. First, to improve intellectual property protection system and information resource market and draft relevant laws. Second, to establish the big data administration, set up an open platform to share government information & resources. Third, to make technological breakthroughs and identify key fields to be provided with stronger R&D support. Fourth, to cultivate professional talents, especially those with expertise in data mining and machine learning. Fifth, to set up big data R&D fund and build a mechanism of rewards and penalties and a budget system.