Digital opportunities for chemical enterprises
Industry 4.0: How technology will create lasting value
The chemical industry is going digital. Many new, exciting capabilities are already in place, while many are under way. These changes could represent a more radical transformation than the industry expects. Backed by new digital capabilities, chemical companies are now better equipped to develop and produce more effective and efficient solutions. Advanced computing has also opened new growth avenues.
Aided and enabled by digital technologies, the chemical industry is poised to create more sustainable products with a lower environmental impact. The chemical industry will likely be at the heart of making cities more effective and efficient, meeting increasing global demand for energy and food, and developing new technologies that will be central to the next generation of consumer and transportation products. It has the potential to achieve all this while running with even greater efficiency to produce the volume and quality of products that have long been necessary to support ongoing economic growth and social progress.