/PRZWT/Jiangyin, December 5, 2024 - On November 29, 2024, the finals of CITIC Group's second "Bloom Cup" digital application competition were held at CITIC Pacific Special Steel in Jiangyin, Jiangsu. Zhang Wenwu, deputy secretary of the party committee and general manager of CITIC Group, and Wang Guoquan, deputy general manager of the party committee. Liu Jie, academician of the Chinese Academy of Engineering, Meng Dan, researcher of the Institute of Information Engineering of the Chinese Academy of Sciences, Wang Liang, researcher of the Institute of Automation of the Chinese Academy of Sciences, Sun Fuchun, professor of computer science and technology at Tsinghua University, He Gang, editor-in-chief of Caijing magazine, and Cao Guoqiang, general manager of CITIC Financial Holdings, were invited to serve as judges.
The "Bloom Cup" competition is an important part of the "Application Bloom" action of CITIC Group's "14th Five-Year" digital development plan. The two consecutive competitions have excavated and cultivated a number of digital applications with strong demonstration effect, good comprehensive benefits and great development potential in different business fields, providing reference and guidance for promoting the transformation and upgrading of traditional industries through digitalization.
This year's competition was divided into 3 tracks of "artificial intelligence +" "data elements ×" and "safety information and innovation", with a total of 134 projects from 54 units competing on the same stage. After written evaluation and special competitions, 12 projects stood out and were shortlisted for the finals. After intense competition, 3 projects including "Collaborative Intelligent Operation Platform for Steel Industry Chain Driven by Data Elements" won the first prize, 4 projects including "AI Empowered Electric Furnace Steelmaking Technology Refining High-end Special Steel" won the second prize, and 5 projects including "Unified Solution for Online Banking Safety Components" won the third prize.
The participating projects cover five business sectors such as comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption, and new urbanization. They have high gold content and strong demonstration. They widely apply new generation information technologies such as artificial intelligence, big data, blockchain, and 5G. Many projects have reached the industry's leading level, which not only injects new momentum into the high-quality development of enterprises themselves, but also drives the transformation and upgrading of their industries and forms spillover effects.
By creating new models such as workshop-level interconnection, agile and flexible production, and supply chain financial services, Nangang Group broke the data barriers in the industrial chain, realized the safe and efficient circulation and sharing of data, and effectively solved the difficulty of aligning the production rhythm of the steel industry chain, the lack of agile flexibility at the manufacturing end, and the high cost of collaborative trust.
The project model has been implemented in Linggang, Yonggang, Sichuan Guanchi and other enterprises, and won the second place in the industrial manufacturing track in the national finals of the 2024 "Data Elements ×" competition jointly sponsored by 15 ministries and commissions including the State Data Bureau.
Based on the innovative application of data-driven discrete intelligent manufacturing of high-end mining equipment, CITIC Heavy Industries aims at the characteristics of highly customized production, complex process, multi-dimensional, multi-source and heterogeneous data of discrete equipment manufacturing enterprises. Relying on the deep accumulation of industrial data in the whole process of mining equipment, CITIC Heavy Industries has opened up the whole process data channel of data collection, R & D design, production and manufacturing, marketing services, operation and maintenance services, carried out data space construction and data application scenario construction, shortened Product Research & Development cycle by more than 15%, improved production management efficiency by 20%, and the core production data line-up rate has reached more than 95%.
Innovative use cases of scalable data elements.
CITIC Pacific Special Steel AI empowers the high-end special steel project to innovate intelligent electric furnace steelmaking technology, integrate DC electric arc furnace technology, digital and intelligent system, as well as advanced industrial mechanism model and AI big data technology, and apply it to high-end special steel production, achieving the goals of essential safety, high-end products, high-efficiency production, green and low carbon. After the completion of the project, the product quality loss was reduced by 46.7%, the carbon dioxide emissions per ton of steel were reduced by 10.5%, and the annual cost reduction and efficiency increase exceeded 100 million yuan.
The project has won 10 national patents and participated in 6 standards, helping CITIC Pacific Special Steel to become the first "lighthouse factory" in the global special steel industry, leading the sustainable development of the special steel industry.
CITIC Securities Financial Technology empowers the global anti-money laundering digital intelligence project to focus on the challenges faced by global anti-money laundering management such as gang identification, complex transaction monitoring, consistent quality of screening, and difficulty in overseas compliance risk control, integrating big data and federated learning technology implementation of domestic and foreign data circulation; pioneering 4 graph algorithm applications in the industry, covering key anti-money laundering scenarios such as market manipulation and account lending; integrating multi-dimensional data, using local large models to generate suspicious due diligence reports, so that the company's compliance efficiency can be increased by 20%.
The project has been jointly implemented in a number of domestic and foreign subsidiaries of CITIC Securities, and the capital matching scenario is being promoted to a number of Financial Institution Groups.
China CITIC Bank's self-developed Cangjie model platform has built a complete architecture system from the underlying hardware infrastructure layer, management framework layer, algorithm model layer to application service layer, forming an integrated software and hardware solution for the financial industry model, which greatly reduces the threshold for large model application development. Since its launch in January this year, China CITIC Bank has developed more than 80 applications based on the platform, covering intelligent customer service, intelligent risk control, intelligent R & D, intelligent marketing, intelligent office and other scenarios, providing employees with an innovative practice base to improve the quality and efficiency of financial "five big articles" with digital technology.
In recent years, CITIC Group has resolutely implemented the decision-making and deployment of the Party Central Committee and the State Council on network power and digital China, as well as the "Data Elements ×" Three-Year Action Plan (2024-2026) jointly issued by 17 departments including the State Data Administration, and regarded digital transformation as an important engine for building a world-class technology-based excellent enterprise group. It promotes the integration of artificial intelligence into more industrial scenarios and promotes the multi-scenario and high-level application of data elements.
In the future, CITIC Group will launch more practical measures, strive to build innovative systems and mechanisms, and cultivate fertile soil for innovation, so that more "seed" projects can bloom and result, and effectively transform into management capabilities, management methods and brand influence that help the Group's high-quality development, and make CITIC contributions to the solid promotion of the Chinese path to modernization.
