Digitalisation in the Chemicals Industry

July 25, 2019

Digitalisation has transformed almost innumerable industries around the world. But, until now, the chemicals industry has been relatively slow to adapt. As leading companies explore digital capabilities like AI, Machine Learning and the Internet of Things, this traditional vertical is being turned on its head – putting competitive pressure on the rest of the market. Innovation has always been a major driver of change in the chemicals industry, and as we look towards the future, that change is set to become faster, and more significant than ever. Key digital technologies – including the Internet of Things (IoT), Machine Learning (ML), and Artificial Intelligence (AI) – are helping companies in the chemicals sector innovate and make decisions incredibly quickly. By giving chemicals companies the power to collect and learn from huge volumes of data at speed, they’ve significantly cut the time it takes to turn insights into action – increasing the velocity of change across the industry.

Spotlight

Incyte

Incyte is a biopharmaceutical company focused on the discovery, development and commercialization of proprietary therapeutics, primarily for oncology. Our vision is to become a leader in the development and delivery of novel drugs for serious unmet medical needs. We have established multiple collaborations with major pharmaceutical companies to support the clinical development and global commercialization of several of our compounds. The Incyte corporate headquarters is located in Wilmington, Delaware, and more than 625 employees comprise our experienced management.

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