The chemicals industry:
a unique and challenging field

The chemicals industry serves virtually every
segment of the economy yet specializes in a select
few product lines. It must be productive and agile,
and proactive to global trends.

Proactive to trends that drive change—and force chemical companies to
re-examine core business capabilities and invest in the development and scaling
of new digitally enabled business models. Business leaders in the chemicals
industry face a harsh reality: either embrace digital transformation or fall behind.


What does this mean for the
chemicals industry?

The Internet of Things (IoT) is already used in agribusiness for accurate
and timely real-time weather forecasts related to planting, harvesting
and chemicals applications.


But what about all the unstructured data that comes from lab notes,
professional papers, videos and social media? The sheer volume of it
makes deriving insights difficult and time-consuming.

The solution? Cognitive computing.

New classes of cognitive systems that understand, reason and learn, in combination with intelligent automation and blockchain networks
work to transform operations, compliance, security and engagement across every industry.


click the moving bubbles


Capturing the firm’s collective knowledge:

Woodside Energy, Australia’s largest petroleum production company, taught IBM® Watson™ to think like an engineer. Now employees anywhere in the world can access

30 years of expertise

and locate technical data to make quicker, smarter and more fact-based decisions by asking Watson questions in natural language.



Understanding the chemical business-to-business-to-consumer sales chain using social analytics:

Scientists at The Dow Chemical Company are listening to more than 22,000 social media conversations to quickly identify new solutions that use the company’s advanced polymers and bring them to market faster.

With analytics from IBM, these engineers can anticipate consumer demand for new products. These insights are enabling them to improve everything from running shoes to seals for car windows.



Covestro integrates Engineering and Operations and harmonizes global processes and tools dialog

7 countries
4 Business Areas
57 plants in 7 sites

Based on Intergraph at core plus Meridium/SAP sourrounding

Business benefits from improving EPC delivery cycle but also focus on improved maintenance, turnarounds and operations.



Evonik partners with IBM on Digital Transformation

100M€ Dedicated to forging ahead with the digital change in the chemical industry
5 ore capabilities including Cognitive, Cloud, Industry 4.0, Blockchain and Quantum Computing
Leadership In overall productivity by empowering employees to leverage data, technology, new business models, solutions and services



QAPCO starts digital transformation journey

100% Digital transformation across petrochemicals, olefin, polyolefin, and vinyl
5 Foundational capabilities including optimization, shared services, R&D, people
Growth Driving operational excellence, best practices, lean performance, modernization and continuous improvement



Digitizing the supply chain process from end-to-end to enhance transparency among trading partners

Benefits:

>10M + containers Across shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution
>20% costs associated with trade documentation processing and administration are estimated to be vs. the actual physical transportation costs
+5% GDP
15% Trade volume Global impact according to WTO


The catalyst for digital transformation

Enabling cognitive technologies through Watson APIs and software-as-a-service (SaaS) solutions can help:

Improve customer engagement, by delivering individualized and secure client experiences.

Drive profitability and growth.



Leaders in the chemical industry can use cognitive systems and Blockchain networks to:

Drive efficiency, fraud prevention and cost take out with shared-ledger technology.

Business transactions become more sophisticated, evolving into self-governing cognitive business networks.

Reduce the cost of the costs of payment transactions by an estimated
30%



A digitally transformed supply chain means that:

Data availability is IoT-based or event-driven and all participants have access to the same information at nearly the same time.

Intervention with processes or physical devices by the force of cyber-physical systems.

Adaptation to change requires less manual intervention thanks to cognitive systems.

click the test-tubes

Accelerate your digital transformation journey with IBM

Digital transformation for a chemicals business requires significantly more diverse engineering skills than a traditional approach.

IBM provides services to help accelerate your journey—from a one-day design thinking workshop, to a multi-year customized consulting engagement. The IBM team works with you to bring business insight, advanced research and technology, and cognitive and cloud capabilities to deliver a distinct advantage in today’s rapidly changing environment.

Learn more about how digital transformation
is reformulating the chemicals industry.