Undoubtedly, the pharma industry's enthusiasm for the digital revolution has snowballed in recent years. The COVID-19 pandemic, in particular, has put pharma's digital progress to the test, with the 2020 optimistic survey revealing more pharma companies are now leveraging a wide variety of digital tools to put transformation back on track.
More business decisions are driven by data these days than ever before. As companies upgrade to digitized operations, big data analytics provide critical insights to overcome challenging market conditions, which drives more significant business growth.
The Oil & Gas industry faces unprecedented challenges across the entire energy system: more competition, complexity, and regulation. Compounded by increasingly less predictability, these factors lead to squeezed profit margins and the intensified battle for operational efficiency and asset performance.
Digital transformation, essentially defined as integrating digital technology into all aspects of an organization's existence, represents a welcome upgrade to legacy ways of doing business.
With little control over market volatility, it's vital for chemical manufacturers to maintain rapid market responsiveness and optimal operational productivity.
In search of a competitive advantage for their organizations, oil and gas executives are now strongly investing in digital technologies. In the face of increasingly volatile market trends and associated operational challenges, digitization has become a top-line priority for Oil & Gas industry executives.
Today's pharmaceutical industry is under immense pressure to develop high-quality products efficiently and cost-effectively while fully complying with strict regulatory requirements. Digital technology can help achieve these often competing goals.
Global interest in preventing pollution and reducing toxic emissions is steadily gaining momentum. In response to growing government and market pressures, chemical manufacturing firms turn to green chemistry practices to reduce negative environmental impacts.
Downtime is a 'necessary evil' in all manufacturing and production facilities. Minimizing that downtime through planned maintenance, equipment, and environmental monitoring are critical steps in effective operations management.
Businesses operating in hazardous industries do so in an ever-changing environmental risk and liability landscape involving an increasingly litigious climate, a stricter regulatory environment, newly emerging risks and other factors requiring comprehensive risk management to secure assets, minimize liabilities, and protect the environment.