Chemical Makers Embrace Digitalization

Survey finds increasing focus and funding as well as several challenges

digital challenges for chemical manufacturers mn

The well-hyped potential of digital technology to transform manufacturing — denoted by terms such as Industry 4.0, Smart Industry and the Industrial Internet of Things — already is turning into a reality in the chemical industry, according to a survey released in August by consultants PricewaterhouseCoopers (PwC), New York City. Based on inputs from 222 chemical company executives in 26 countries, the report, “Industry 4.0: Building the Digital Enterprise — Chemicals Key Findings,” states that digitalization now has become a strategic and operational imperative. Three-quarters of chemical industry respondents expect their companies to have reached advanced…

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