No Match Found
Behind the scenes of the world’s leading chemical companies, a profound digital transformation is now underway. Companies are digitising essential functions within their internal vertical value chain, as well as with their horizontal partners along the supply chain. In addition, they are enhancing their product portfolio with digital functionalities and introducing innovative, databased services.
Chemical companies plan to invest 5% of annual revenue in digital operations solutions in the next five years. And they are setting themselves ambitious targets for the level of digitisation and integration that can be achieved.
Indeed, the 75% of chemicals survey participants who expect to have reached advanced levels of digitisation in five years’ time is one of the highest among the industry sectors covered in our survey. Companies may well feel that the process control and automation that many have put at the heart of their plants gives them an advantage. But one of the challenges will be to resolve interface and architecture challenges and to successfully build outwards and beyond the boundaries of individual plants.
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