Alibaba forms new data intelligence services subsidiary to deepen e-commerce giant’s pivot into enterprise market
- Lingyang Intelligent Service Co will provide ‘data-intelligence-as-a-service’ to help enterprises in decision-making and operational efficiency
- The new subsidiary will leverage Alibaba’s expertise in applying data intelligence to manufacturing, marketing and various services
The new subsidiary will provide “data-intelligence-as-a-service” to help enterprises in decision-making and operational efficiency. Alibaba coined that marketing term to distinguish what Lingyang offers from software-as-a-service, a long-standing enterprise delivery model in which software is accessed online via subscription.
Alibaba vice-president Peng Xinyu, an expert in corporate data management, serves as chief executive at the new subsidiary.
At present, Lingyang’s 11 core products include Dataphin, Bizphin, Quick Audience, Quick BI (for business intelligence0, Business Adviser and Operation Adviser.
The new subsidiary’s launch reflects Alibaba’s effort to engage new market segments and industries, as online retail competition intensifies in its home market amid weak consumer spending and a flagging economy.
Cloud computing services enable companies to buy, sell, lease or distribute a range of software and other digital resources as an on-demand service over the internet, just like electricity from a power grid. These resources are managed inside data centres.
In the first quarter, Alibaba Cloud had a market-leading 37 per cent revenue share of the country’s US$27.4 billion cloud infrastructure services sector, according to a report by tech research firm Canalys.