IDC sees opportunities for clients in govt-backed plans

Kitty Fok, managing director of IDC China [Photo provided to chinadaily.com.cn]

Technology is a key tool to accelerate the success of the 13th Five-Year–Plan (2016-2020), said Kitty Fok, managing director of IDC China, in an exclusive interview with China Daily Website.

As a global market research firm, IDC focuses on providing specialized services in the IT sector.

"Among all the initiatives that the government has highlighted, IDC believes that 'Made in China 2025', 'Internet Plus', 'Big Data', 'Smart City', 'Belt & Road', and 'Secure & Controllable' are the six initiatives most highly related to technology," Fok said.

The company aims to make its clients successful by providing targeted interpretation of the government's policies associated with the 13th Five-Year-Plan, helping the digital transformation of the clients' business operations, organization, products and services, and enabling the adoption of appropriate technologies, including cloud computing, big data and internet of things.

The following are edited excerpts from the interview:

How do you view China's rapid economic growth and its recent slowdown? Will this affect your business development in the market?

The economic slowdown in China has affected our customers in many ways but this has only increased the value of our services as we help them plot a successful path and perhaps restructure their business to meet the new growth areas we are seeing.

The slowdown is really an economic transformation of China both regionally and globally towards a high-end industry base that will create a healthier economy and support China's long-term development.

We see the services provided by IDC as even more essential as we provide the necessary targeted analysis, insight and recommendations for our clients to help them move forward with effective strategies, investment and priorities.

At this critical moment, IDC continues to help our clients such as IT vendors to successfully penetrate China's markets.

With the Belt and Road Initiative, IDC has increased our analyst resource to further help Chinese vendors enter the overseas market by leveraging the expertise of over 1,000 expert analysts worldwide.

IDC will develop the advisory services to tech buyers across all industries to help them bring about the digital transformation journey that is so critical to China's continued growth.