| | AUGUST 20196CIOReviewThe chemical industry is in the midst of profound change. Evolving regulatory environment, demanding customer needs, increased competition, and dynamic cost equations are forcing chemical organizations to reinvent their business and operating models in order to change value chains, enable higher productivity, increase efficiency, create new channels to market, and innovate better. Alongside, the convergence of trends such as globalization, digitalization, and the circular economy is creating a perfect storm for the chemical industry, challenging strategies that companies have relied upon for a generation. Driven by the pressure, chemical companies are adopting digital technologies such as advanced analytics, sensors, Internet of Things, machine learning, and blockchain, among others, to maximize business value. For example, by installing sensors at customer sites, chemical companies will be able to track how their products perform in their customers' operations and identify how to improve their products continually. With the help of sensors, chemical providers can gather data that leads to insights, culminating in stickier relationships, and more sales to each customer. Furthermore, the Internet of Things, machine learning, and blockchain also show immense promise for the chemical industry. While IoT will help improve efficiency in the engineering and maintenance processes throughout the asset lifecycle, blockchain technology will enable to more efficiently manage the supply chain with a `smart pallets' approach. More recent technological advancements such as in-memory processing power along with unlimited data storage capabilities at low cost also promise to offer unprecedented levels of connectivity, granularity, and speed in accessing, processing, and analyzing vast amounts of data. That being said, innovation in the materials world has taken on a new life--largely outside the established chemicals industry. Nanoscale revolution is resulting in the development of new materials that are lighter, stronger, more malleable, and more temperature-resistant than any chemical products in history. On that note, this edition of CIOReview features a list of prime vendors in the chemical technology space that are at the top of their game along with insightful articles from several thought leaders. We hope the valuable information and the innovative solutions from leading companies will help you in effectively in making informed decisions for your business endeavors. EditorialPowering a Data-Driven FutureCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewContact Us:Phone:510-230-0395Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com August - 09, 2019, Vol 08, Issue - 55(ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffSalesAaron PierceCarolynn WaltersJustin SmithShirley FaithRussell ThomasRose DcruzRichard Watsonrichard@cioreview.comVisualizersIssac GeorgeJohn Gotham*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin Smith
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