Jusfoun Big Data

About Jusfoun Big Data

Jusfoun Big Data, established in 2010 by founder Wang Sanshou, operates as a significant enterprise big data service provider in China. Recognizing the commercial potential of data analytics early on, Wang Sanshou, who had prior experience working with data-related reports for firms like McKinsey, steered the company to focus on the intersection of big data and finance. This strategic direction was set even before the term "big data" gained widespread traction in the country.

The company's core business revolves around providing data solutions to a diverse client base that primarily includes government bodies, commercial banks, internet finance companies, and securities firms. A substantial portion of its revenue is generated from developing data platforms for local governments and selling financial data terminals to banks. Jusfoun positions itself as an operator of urban data assets, comparing its role to that of a water utility company that transforms raw data ("groundwater") into refined, usable data products ("running water" and eventually "cola"). This involves cleaning, processing, and modeling vast datasets to create valuable insights and applications.

The service portfolio is extensive, encompassing data mining, data cleaning, data design, and visualization technologies. Jusfoun has developed thousands of specific big data application scenarios for governments and offers solutions for social credit, public opinion monitoring, and a Big Data Platform as a Service (PaaS). The firm asserts it collects and analyzes data from millions of companies across numerous industries and markets. A key milestone for the company was its role as a founding shareholder of the Guiyang Big Data Exchange, China's first such trading platform, launched in 2015, where Wang Sanshou also served as CEO.