| | May 20176CIOReviewIt is amazing to know that a staggering 96 percent of the goods manufactured worldwide have a chemical touchpoint. Given the mammoth proposition, the trillion-dollar industry is embracing digital transformation to make it more responsive to the dynamic shifts in the market scenarios.The changes are profound across all the links in the chemical value chain right from formulation, and production, going all the way to distribution. Collaborative platforms that drive a single thread across various departments of the organization on a global scale are bringing improved efficiencies across critical supply chain, finance, sales and HR. Coupled with this, the vertical specific ERP solutions take into consideration the specific planning requirements for co-products and by-products and a host of other parameters while ensuring compliance to regulations.Progressive manufacturers are taking a relook at their business models, to outpace the competition and increase profits. Advancement in the mixing and process simulation software is playing a vital role in prototyping and predicting the most optimal processes, materials, and equipments and value of the product before engineering it. Likewise, 3D printing's flexibility is set to meet the customer's dynamic requirements as the industry gears for different infrastructure requirements and R&D initiatives to formulate innovative and suitable materials.As with other industry sectors, the combination of cloud, IoT, big data and mobile are impacting the chemical ecosystem. For instance, the connectivity enabled by IoT is facilitating vital data to be gathered during the automated production processes, to be stored and analyzed in the cloud. Predictive analytics can play a transformative role here, in ultimately achieving profitability through enhanced decision-making.The shifting chemical industry landscape amidst stringent regulatory and quality enforcements is witnessing heightened demands for green chemistry with sustainable eco-friendly and lean manufacturing processes. To effectively tackle the 21st century challenges, the industry is all set to cruise on a new technology roadmap.Jeevan George Managing Editoreditor@cioreview.comEditorialCatalyzing the Chemical EquationCopyright © 2017 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.MAY - 12 - 2017Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 MAY - 12 - 2017, Vol 06 SE 59 Published by ValleyMedia, Inc. To subscribe to CIOReviewVisit www.cioreview.com CHEMICAL TECH SPECIALCIOReviewEditorial StaffSalesT:510.722.8394Aaron Pierce Judy ChristinKristine BrownAllwyn SilvaKathy ArnoldRMS ShivEric Thomaseric@cioreview.comVisualizersMatt RyderManaging EditorJeevan GeorgeAjay K Das
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