Data as a Production Factor: A New Engine Driving the Development of the Digital Economy
Cai Xueshu

Shanghai International Studies University，Shanghai ，201620；

Abstract: In the context of global digital transformation, data, as a new production factor, forms the core engine of digital economic development. This paper explains its shift from a resource to a key production factor, analyzing its symbiotic relationship with the digital economy, and explores its multidimensional pathways through which data value is released. It presents practical approaches, highlights real-world challenges such as the dilemma of data ownership rights, and looks forward to its application prospects within industries. The paper emphasizes the role of data in driving high-quality development of the digital economy and in facilitating the economic and social transformation.

Keywords: Data as a Production Factor; Digital Economy; Value Release

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