Technology is digitally transforming the industrial landscape and COVID-19 has made contactless interaction the new norm. Digital transformation enables businesses to improve operations, enhance customer experience, and drive employee productivity. It also eliminates traditional bottlenecks in production and innovation. Digital technologies have created opportunities for businesses to reimagine business models and position themselves as disrupters in the industry.
Chemical companies have always been open to the adoption of digital solutions. However, the rising uncertainty from COVID-19, increasing volatility of raw material prices (like crude oil), and advancements in IoT, have shifted Digital Technologies towards the core agenda even more.
It is quite apparent that digital transformation needs more than the underlying technology to be successful. Only the right convergence of talent, know-how, application, and commitment can provide sustained returns from digital initiatives.
While every organization understands that digital is the future of business, many do not see a clear path to success. Data indicates that a large percentage of companies are either struggling to get started or are stuck in endless pilot exercises.
Businesses need to adopt a holistic transformation approach which empowers employees, engage customers, streamline operations, and transform business models. A clear business direction, vision, and roadmap can turn these business challenges into exciting revenue opportunities.
The future is arriving, act now to create your own digital advantage.