“The new infrastructure should realize the digitalization and intelligence of the industry first, and then the Internet of upstream and downstream collaboration.”

V7668A-1310B0 When I wrote about how to invest in new infrastructure in the previous issue, an investor friend told me that in the fields dominated by traditional state-owned assets, such as power grid investment, high-speed rail rail transit, charging piles and other directions, the advantages of private capital are not obvious, one is the few optional bids, and the second is the volume mismatch. Therefore, for the pattern-heavy part, it is not the focus of most institutions, but as a 5G support, the industrial Internet can serve as an entry point.

“The industrial Internet is a means, not an end, the new infrastructure to achieve, the first industrial digitization and intelligence, and then the upstream and downstream collaboration of the Internet.” Lei Xin, vice president of Thousand times Capital, told me that 5G will bring great prosperity to the edge computing ecology, and the “cloud + edge + end” architecture will bring intelligence to the nerve endings of production and manufacturing, so that the real industrial Internet has the basis for possible realization.

V7668A-1310B0 Su Min Investment senior investment manager Luo Zidan also mentioned the “digital” and “intelligent” two key words. “The soft part has always been the weakness of our company, and it is the direction of the transformation of the company.” She believes that after extensive growth, the role of the industrial Internet is mainly reflected in the need for more refined management and growth of enterprises, the internal need for intelligent and digital reform, and the role of software in the company.

“From the perspective of industrial development trends, the two forces of ‘+ Internet’ and ‘+ intelligence’ are alternately promoting industrial change.” Lei Xin said that the essence of “+ Internet” is to solve information asymmetry and realize resource redistribution; The essence of “+ intelligence” is to improve the efficiency of the industry and improve productivity.

V7668A-1310B0 “My personal understanding is that re-industrialization and new infrastructure are different levels of digital transformation, the new infrastructure is the infrastructure reconstruction represented by ABC and 5G, and re-industrialization is the business value that can be truly released after the completion of business reconstruction and business model reconstruction.” In this process, the importance of institutional dividends or national policies is extremely important.” Jiang Xin, managing director of Songhe Capital, said that as an investor focusing on the field of To B, he is more concerned about the landing rhythm of digital transformation in the closed loop of “national policy – strategic change of industry head enterprises – investment budget landing”.

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In fact, in recent years, the industrial Internet companies, a class known as the platform type, including the main innovation from large traditional enterprises, such as Sany Heavy Industry, Foxconn, Haier and other traditional enterprises, but also Huawei, Ali, Inspur and other technology companies common platform. The other category is startups focused on vertical areas, such as asset management, operational optimization, energy efficiency management, and so on. Among them, who will become the industrial Internet frontrunner?

“I think there will be.” Lei Xin believes that Party A who actively embraces digitalization can use the technology of the industrial Internet to improve its own efficiency, and then earn excess returns and become the industry leader; Party B in another online vertical field, that is, the builder of the industrial Internet, can open up applications in the subdivision vertical, and may also become the operator of the industry platform.

V7668A-1310B0 “IT is difficult to have a one-size-fits-all for IT systems, and there are opportunities for startups in large platforms and verticals, mainly looking at entry points.” I will play a different role in the future.” Luo Zidan said that at present, because the market is still in the early stage, different industries may lead different forces. For example, Sany, Xugong, there is a lot of hardware as a grip, you can do the lead. For example, the State Grid, Southern Power Grid and other large central enterprises also have the ability to lead the transformation, which also gives many IT service providers the opportunity to participate.

A practitioner who has been in the vertical industry for many years believes that at present, Sany, Foxconn and other enterprises are project systems, which cannot unify the rivers and lakes, and it is difficult to make it big. However, he believes that in the future, the industry will still be completed by restructuring and integration. “The future must be to first find one or two general pain points of enterprises, can quickly copy the business model, first in the breadth of the big, and then use their own technology platform, resource platform to integrate a vertical platform of enterprises.” He said that it is like vertical e-commerce will eventually slowly attach to integrated e-commerce, and it is difficult to see the light of development alone.

V7668A-1310B0 “In essence, it is a long-term strategy,” Jiang said, which aims to enhance the competitiveness of the company’s products and services, with the core being the re-engineering of business-driven business value. This process is long and arduous, and there are not many benchmarks and best practices for reference in China, and at present, some head enterprises are still exploring the landing. “But we need the best practices of leading companies in their respective industries to enrich our benchmarking effect.”