I D
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical Engineering MagazineChementator Briefs
PDH catalyst Last month, Clariant's Catalyst business (Munich, Germany; www.clariant.com)…
BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILESOLIDS PROCESSINGENGINEERING PRACTICEEQUIPMENT & SERVICESFOCUS
Focus on Pumps
Self-priming, liquid-ring pumps enable hygienic operation The CFS AS/ASH Series…
NEW PRODUCTS + Show More

Comment IIOT Chemical

Report highlights role of AI and blockchain for the chemical process industries

By Dorothy Lozowski |

Emerging technologies, such as artificial intelligence (AI) and blockchain technology are poised to make an impact on the chemical process industries (CPI) as the industries continue on the path to digital transformation. A recent report by Accenture titled Artificial Intelligence and Blockchain: Insights and Actions for the Chemical Industry, outlines how AI has the potential to augment human capabilities and blockchain has the potential to revolutionize how companies interact across the value chain. Improved data quality, stronger security and ecosystem-wide services are cited as some of the potential benefits these two technologies can bring.

The report is based on a survey that targeted executives from the chemical industry,  from companies with global annual revenues of more than $500 million. In the report’s Forward, Marco Mensink, Director General of Cefic (The European Chemical Industry Council; www.cefic.org) says, “The purpose of the study is to spark ideas on how the chemical industry can reap benefits from applying both technologies in their business models,” and he further states, “This study provokes new reactions to new technologies by giving valuable recommendations to our chemical industry. “

 

The full report can be seen at Accenture’s website here.

Related Content
Keeping up with automation
Last month, news broadcasts announced that an artificial intelligence (AI) news anchor, said to be the world’s first ever, had…

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
Quadruple Sensor Lifetime with a Retractable Housing
Minimizing Explosion Risk Where Other Solutions Cannot
Minimizing Corrosion with Fast, Robust Gas Analysis
Lower Measurement Point Costs with Automatic pH Sensor Cleaning
Reduce the Risk of Corrosion in Fertilizer Production

View More

Live chat by BoldChat