Abstract: The collaborative development of digital industrialization and industrial digitization is crucial for driving economic transformation and upgrading. However, existing research lacks in-depth exploration of the collaborative relationship between digital industrialization and industrial digitization. This study, based on the data value chain, elucidates four forms of data value: data resources, data assets, data commodities, and data capital. It further reveals the relevance of digital industrialization and industrial digitization for the two types of data, industrial data and government data. Additionally, it analyzes the evolution process of data element value and the value realization stages in the collaborative development of digital industrialization and industrial digitization. The study demonstrates that the collaborative development of the digital economy consists two value realization processes: the leap from data assets to data commodities and the evolution from data commodities to data capital. To promote the collaborative development of the digital economy, it is necessary to reshape and upgrade both digital and traditional industries by combining the transformation of data element value. Through in-depth analysis of the collaborative development of digital industrialization and industrial digitization, this study enhances the understanding of data element value realization and comprehension of the laws governing digital economic development, providing valuable insights for research in this field.

Key words: Digital industrialization, Industrial digitization, Collaborative development, Data value, Data value chain, Data fusion