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This article explores the concept of Data Factors, a term deeply rooted in economic theory, recognized as the fifth fundamental factor of production alongside labor, land, capital, and technology. It delves into the origin of the concept, its official recognition in China, and its characteristics that distinguish it from traditional production factors. The blog post further discusses the value of data factors, outlining the consensus on their value, the 'Data Twenty Articles,' and the process of data resourceization, assetization, and capitalization. It concludes with the opportunities and challenges presented by the recognition of data as a critical, strategic resource in the modern economy.