Digital and artificial intelligence (AI) technologies are important to the future of many industries, but in the chemical industry, data is becoming an important feedstock for innovation and operational excellence.
Rate of adoption:this drop is expected to be short-lived. Several chemical companies have announced AI programs to accelerate research and development (R&D) for sustainable products, predict the impact of changes in production of one product or other processes,and gain insights by tracking data through the entire value chain.
The rise of AI: The chemical industry is experiencing a rise in the adoption of AI technologies. Many chemical companies are using Industry 4.0 technologies such as Internet of Things, digital twin, and robotics to gather data and automate processes.
From:Deloitte
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