Alibaba To Offer Data Asset Technology In China

Alibaba would be introducing a big data cloud platform  for offering data asset technology throughout the most populated country

Alibaba Group Holding Ltd. is introducing a big data cloud platform; it has plans to offer data asset technology throughout the China.  According to Alicloud, the cloud big data platform will be offering an initial 20 solutions or products and facilities, which will be covering every aspect of the so-called data development chain.

This includes visualization products and data services that help analyze and process data and offer a computing engine equipped with abilities required for machinery learning. In technology, Big Data is referring to extremely complex or large data sets of unstructured and structured information produced by companies’ information’s by-product and can include data unlike video clips, text messages, webpage comments, photos and conventional SQL structured data gathered from databases.

“The Big Data Platform fulfills our vision of sharing our vast data troves that will create immense value to our users,” Simon Hu, AliCloud President said during the launch in Shanghai. “What we want to do at Alibaba is turn the data-processing capacity and data-security capabilities that we’ve accumulated over the last decade into a product, so that data becomes a resource and a service that we can provide our clients.”

In other news, Coin telegraph reported that Alibaba financial has made an announcement that it will possibly be employing block chain in its newly introduced cloud facility platform. This was discussed at the Yunqi Assembly Shanghai summit held in Beijing on 20^th January 2016.

Moreover, in a review conducted last year, Ali Financial cloud has explained the possible advantages of employing the Block chain. In the conference, the Hangzhou based enterprise also launched an entire chain of devices for the collection, analysis and processing of data, including the cloud service provider Alicloud platform.

An official of Alibaba’s cloud computation division Aliyun ChangLiang  Xu holds the belief that these technologies have led the industry for a time span of at least 3 years.

Shanghalist has reported that the Chairman and founder of Alibaba threw a dinner party on the sidelines of the Davis Economic Forum. The party was attended by many high profile people including celebrities, heads of companies and political leaders.

These include Canadian newly elected Prime Minister Justin Trudeau who was appreciated by women, Prime minister of United Kingdom David Cameron, ex-British Prime Minister Tony Blair, Kevin Spacey, Leonardo DiCaprio, Bono, CEO of Cisco John Chambers, CEO of Coca-Cola Muhtar Kent, CEO of UPS David P Abney and ex-Prime minister of Australia Kevin Rudd.

In the event, the Chinese entrepreneur assured made political leaders realize that they do not need be concerned about the second largest economy’s sluggish growth and turbulent markets which are amongst the significant issues that they are thinking about.

660 news has reported that Jack had a meeting with Trudeau in which the two discussed upon the means by which Alibaba could play a role in boosting SME’s in Canada.