How AI and Machine Learning Can Transform the Chemical Industry

The chemical industry is -without question- one of the most important industries in the world. Not only do 90% of our everyday products contain chemicals, but the industry also employs approximately 10 million people. Naturally, they were one of the first to embrace digital technologies such as process control systems or sensors which have a long tradition in production. According to Frithjof Netzer, Senior Vice-President and Project Lead 4.0 of BASF: "A lot of energy and momentum in the field of digital can be observed, Chemicals are catching up. It is not the question if, but rather what and how it will be done." A continuous digital transformation plays a crucial role in several key aspects of the industry.