Across various industrial sectors, digitalization has rapidly developed, utilizing several existing and emerging digital technologies, including AI, Big Data analytics (BDA), IoT, machine learning (ML), natural language processing (NLP), robotics, and automation. While the chemicals industry was relatively slow to adopt these technologies, the transformation rate in the industry has increased considerably in the past 5 years.
• The global spread of the COVID-19 pandemic has accelerated the digital transformation in the industry to enable companies to rapidly address remote and hybrid working practices, prolonged and sometimes broken supply chains, and changing end-user demands.
• Frost & Sullivan, in its analysis, Impact of Digitization on the Chemical Industry, identified 7 domains of digital transformation and provided an overview of enabling digital technologies.
• This analysis examines the industry using 6 emerging themes: Digitalization for Sustainability, Empowered Workforce, Digitalization for Innovation, Enhanced Customer Experience, Digital Transformation of Supply Chain, and Transformation because of Emerging Technologies.
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