Cumulative benefits for the Chemistry and Advanced Materials industry.

 In chemical industry

Cumulative benefits for the Chemistry and Advanced Materials industry.

The value-at-stake analysis estimates cumulative benefits from digitalization over the next decade.

It takes a global perspective on the sector, acknowledging that adoption rates and related benefits of digital initiatives vary depending on geography and companies’ positions in the value chain. Some digitalization benefits that are valid at a single-company level (e.g. avoiding lost sales due to stock-outs, reducing customer attrition) are not included in this industry-wide value-at-stake analysis.

It is assumed that a single company could capture these benefits, but industry-wide effects would be balanced across companies. – Industry-specific initiatives and aspects.

This White Paper focuses on parts of the business that are specific to the industry (e.g. R&D and manufacturing). Though digitalization promises large benefits in back-office functions (e.g. automation in finance or human resources departments), these are not included in the analysis because of their general, cross-industry nature. – Major and direct benefits. Digitalization benefits can be manifold across a company’s functions and businesses.

The value-at-stake analysis calculates direct benefits to the industry and society. Indirect and secondary effects (e.g. efficiency increases in customer production processes or expected job generation in supplier/ adjacent industry segments) are acknowledged, but not included in the analysis.

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