Agricultural Bank of China Ltd. – Digital Transformation Strategies

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Agricultural Bank of China Limited Digital Transformation Strategies Report Overview

Agricultural Bank of China Limited has been focusing on innovative technologies as a part of its digital transformation strategies. The annual ICT spending of ABC was estimated at $7.7 billion in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Agricultural Bank of China Ltd (ABC) is a bank that offers personal, business, and investment banking; cash, wealth management; custody, payment, and settlement services; agro-business banking; foreign exchange trading; financial market solutions; private banking; and e-banking products and services.

The ABC Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, ICT spending among others.

Digital Transformation Strategies

In line with its digital strategy, the bank set up a fintech innovation center in Xiong’an and built an innovation incubation center and a pilot field for innovation achievements. Regarding big data technology, the bank focused on in-depth data integration and common data accumulation, while the big data platform provided one-stop exclusive data services. In cloud computing technology, it focused on developing integrated cloud platform and built basic environment for technology stack of one cloud with multiple cores.

To gain more insights on digital transformation strategies and initiatives of ABC, download a free report sample

ABC Technology Theme Focus

ABC is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, cloud computing and payments to improve operational efficiency and enhance customer experience.

ABC Technology Focus

ABC Technology Focus

To know about other technology themes under focus for the company, download a free report sample

ABC Technology Initiatives

ABC has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, ABC deployed an AI-based digital human receptionist at its branch in Zhongshan, Hangzhou. The AI solution was developed by SenseTime, a Hong Kong-based AI company. The integrated software solution includes a camera, video screen, speakers, and microphone which can detect, engage, and interact with customers. With the addition of virtual receptionist ABC enhanced its overall service quality and operational efficiency, by reducing banks workloads by handling customers’ queries.

For more insights on other technology initiatives of ABC, download a free report sample

ABC ICT Spend by Function

  • Data Center
  • Communications
  • Applications
  • Network
  • End-user computing
  • Management
  • Service Desk

ABC ICT Spend by Function, 2022

ABC ICT Spend by Function, 2022For more insights on ICT spending by function, download a free report sample

ABC ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

ABC ICT Spend by Channel, 2022

ABC ICT Spend by Channel, 2022For more insights on ICT spending by channel, download a free report sample

ABC External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • ICT services
  • Hardware (including Cloud IaaS)
  • Network and communications
  • Consulting
  • Others

ABC External ICT Spend by Segment, 2022

ABC External ICT Spend by Segment, 2022For more insights on external ICT spending by segment, download a free report sample

ABC Digital Transformation Strategies Overview

Total ICT Spending 2022 $7.7 billion
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS), Hardware (including Cloud IaaS), Network and communications, Consulting, and Others
Technology Theme Focus Artificial Intelligence, Big Data, Blockchain, Cloud Computing and Payments

This report provides:

  • Insight into ABC’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering product launches, partnerships, and investments.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into ABC’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various product launches, partnerships, and investments.

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Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerators, Incubators, and Other Innovation Programs

Technology Focus

Technology Initiatives

Investments

Partnership and Investment Network Map

ICT Budget and Contracts

Key Executives

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