Chemicals 4.0 - this term stands for the digital transformation of the chemical industry. Chemicals 4.0 requires companies to evolve and drive digital transformation by integrating artificial intelligence, Internet of Things and big data into work processes to innovate, optimize operations and adapt to more extensive environmental and regulatory standards. This paves the way for a sustainable future.
In our first issue of "Chemical Consulting Insights", we take an in-depth look at this topic. We describe the impact that technology-driven defossilization is having on the industry, highlight business and technology trends and provide an insight into ground-breaking innovations that are keeping the chemical sector busy. In the premiere issue, we discuss the opportunities offered by Chemicals 4.0 and highlight hurdles the industry faces as a result of defossilization.
Ashish Madan
CTO, Bereichsvorstand Technology Services
KPMG AG Wirtschaftsprüfungsgesellschaft
Chemicals 4.0 - Digital transformation of the chemical industry
The integration of digital technologies into processes and everyday working life is crucial in order to remain competitive. Among other things, this requires chemical companies to redesign their working methods and drive innovation. As sustainability and efficiency become increasingly important, the introduction of digital solutions not only contributes to achieving sustainability goals, but also promotes the development of a more agile, transparent and resilient value chain in the chemical industry.
Catalyst for change: technology-driven defossilization of the industry
Chemical companies are the world's largest industrial energy consumers. As a result, the issue of sustainability is becoming increasingly important. The pursuit of sustainability goals and the development of "green" chemicals can be solutions to exploit technological application opportunities in the defossilization of chemistry. Chemical companies should also ensure that the integration of new technologies is implemented sustainably, with a focus on minimizing emissions and adhering to sustainable standards throughout the implementation and integration process.
Chemical companies are increasingly focusing on partnering with technology firms to develop innovative digital solutions that enhance decision-making, boost performance & efficiency, and meet sustainability targets. By embracing technological advancements, the chemical industry is poised to achieve growth and maintain agility in the face of global challenges.
The first issue of "Chemical Consulting Insights" is the first in a series of whitepapers highlighting developments in the chemicals sector. The articles are curated by our experts from the Life Sciences & Chemicals and Advisory sectors.
