Abstract: This paper analyzes the new characteristics and value realization process of value creation and value capture in the digital economy era. The role of digital technology in promoting the high-quality development of manufacturing is divided into four parts, including changing the way of value creation, improving the efficiency of value creation, expanding the carrier of value creation and enhancing the ability to obtain value. Then we put forward the key tasks that should be paid attention to in the future: promoting the informatization upgrade of small and medium-sized enterprises; developing industrial Internet platform services; improving the intelligent level of digital technology; improving basic research and infrastructure construction. In order to achieve the above goals, it is necessary to increase policy guidance and support in the establishment of a special fund for digital technology government guidance, the establishment of intellectual property protection and service system, and the establishment of an effective mechanism for the transformation of achievements of universities and scientific research institutions, etc.