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The future of digitalization in the chemical industry

December 30, 2019 | 203 views

Advances in networks and sensors, data availability and processing, and engineering and material technologies all hold considerable potential for expanding efficiency and productivity in the chemical industry. But digital transformation in chemicals also presents significant opportunities to increase innovation in products and solutions. For example, digital crowdsourcing platforms can be used for ideating on how to lower the carbon footprint throughout a product life cycle. To achieve the potential of digital transformation, chemical companies need a common framework for assessing current state, defining the desired future state, and mapping out specific steps on the digital journey. The digital maturity stage of the company will guide strategic decisions and action steps in five dimensions critical for growth:

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