Chemical firms will standardize digital platforms

Abstract

The chemical industry has invested heavily in information technology over the past 5 years, implementing a framework on which to convert most if not all of its operations to digital ones. Digitalization , as it’s called, has moved into a new phase of consolidation and standardization that will likely define IT strategies this year. “I think in ’23 we will see chemical companies pushing their digital strategies to scale, by which I mean moving from one-off proof of concepts here and there to enterprise-wide impact,” says Adam Rothman, an analyst at Boston Consulting Group. The effort, he says, will emphasize employee adoption of digital tools. David Yankovitz, a chemical analyst at Deloitte, says companies will capitalize on years of heavy investment in core IT infrastructure—projects that have introduced mobile devices, sales portals, and a shift of enterprise computing to the cloud. Rothman and Yankovitz concur that the next phase of