Bamboocloud and China Southern Power Grid were awarded the "IDC 2023 Future Enterprise Award Future Connectivity Leader" in Collaboration
The 2023 Eighth IDC China Digital Transformation Annual Ceremony took place in Beijing on November 22nd and 23rd. Under the topic "Competing to Release Digital Power," this conference convened around 1,000 prominent individuals and industry partners to partake in the event. From a global standpoint, the focus is on the localization of artificial intelligence, particularly large models. The upcoming hot topics include cloud computing, data security, digital identity, sustainable development, and innovative technological advancements. These topics will highlight the most successful cases and practices of digital transformation.
At the ceremony, IDC proclaimed the recipients of the 2023 China Future Enterprise Awards. The China Southern Power Grid Digital Identity and Access Management Platform, developed by the China Southern Power Grid Digital Grid Research Institute and Bamboocloud, received the 2023 IDC China Future Enterprise Award for being a leader in future connectivity due to its innovative product, cost-effectiveness, and other advantages.
Built upon the zero-trust security principle and digital identity at its core, the platform constructs an unprecedented secure access architecture that incorporates automated administration, dynamic authorization, comprehensive identity, and risk quantification. In addition to connecting people, things, and data, the platform is capable of establishing a comprehensive life cycle management system that includes dynamic authorization, intelligent perception, and security defence of user access behaviour in real time, in response to changes in user behaviour and diverse network environments. These components facilitate the effective distribution of resources, encourage secure data access, and facilitate the sharing and connection of diverse information systems.
IDC forecasts that over the next five years, China's digital transformation expenditures will increase at a compound annual growth rate (CAGR) of 18.5%. From 2023 to 2027, the cumulative expenditure on digital transformation is anticipated to amount to $2.77 trillion. From the era of digital transformation, enterprise digital development has transitioned into the era of digital business. Digital business generates intelligent, automated, precise, and flexible digital productivity that lies at the heart of digital's power. This productivity enables organisations to enhance efficiency, reduce expenses, pursue excellence, and more effectively navigate the forthcoming competitive environment.
In the digital age, where the frequency and complexity of cyber attacks have increased significantly, effective management of digital identities for security and connection has become critical to accomplishing sharing, connectivity, symbiosis, and connectivity during the digital transformation process across industries. Bamboocloud, a prominent entity in China's digital identity and access management, and cloud application security sectors, has deployed its products across numerous industries and fields, including manufacturing, energy, aviation, finance, real estate, rail transit, education, and national ministries and commissions, governments of all levels, and more than 1,000 clients globally. These clients have benefitted from Bamboocloud's solutions, which have been implemented to establish compliant, secure, and efficient digital identity systems.
