By Mark Porter, Nathan Anderson, Francesco Cigala and Peter GuarraiaChemical producers were among the first industrial companies to deploy digital technologies extensively, using digital sensors and controllers to optimize production and control plant operations. Now some chemical executives are innovating again to find new value through digital technologies. Bain’s research on digital technologies in industrial applications suggests that there are specific and imminent opportunities in three areas in particular. Web and mobile interfaces are allowing chemical companies to reimagine the customer relationship. At its most basic, the rise of digital technologies creates demand for associated chemicals, such as ultra-pure chemicals used in electronics production, battery chemicals and the filaments used in 3-D printing.

Source: Forbes February 08, 2017 14:28 UTC