Digital transformation in the specialty chemical industry

With the staggering amount of change happening in the industry, the rise of digital technologies can help companies apply data-driven decision-making — derived through ideation, data management, and analysis — that can accelerate the innovative breakthroughs they need to stay competitive.

A pivotal aspect of digital transformation involves harnessing the latest cloud-based technologies in research and development (R&D). Without digital transformation, the process of developing new products is fragmented, with researchers working in isolation, wasting time searching for data, and often repeating experiments because past results are not readily accessible. They also face enormous challenges to analyze vast amounts of experimental data to make good decisions.

In contrast, with the latest digital tools, chemical companies can accelerate product innovation through three main phases of research: ideation, data management, and analysis.

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