Abstract: With the accelerated development of the digital economy, the deep integration of data elements with traditional production factors has become a key driver of industrial upgrading, as data elements ultimately realize their value in practical application scenarios. Through literature review and theoretical analysis, this study summarizes the mechanisms by which data elements interact with traditional production factors, including the multiplier effect, the entropy reduction effect of information, and the data network effect. It further explores four synergistic pathways toward all-factor integration, identified from practical application scenarios of such integration. Based on these findings, this study proposes safeguard strategies to promote the coordinated development of data elements and multiple production factors across four application dimensions: land data governance, labor skill transformation, capital allocation, and technological innovation. This study provides theoretical support for unlocking data value and constructing a modernized system of production factors.

Key words: Data factors, Multiplier effect, Data network effect, All-factor integration, Integrated market system