Digital Change in the Chemical Industry

  • Author:
  • Published: 07 July 2017
  • Copyright: Wiley-VCH Verlag GmbH & Co. KGaA
  • Source / Publisher: Evonik
  • Associated Suppliers: Evonik Industries AG, Essen, Germany
thumbnail image: Digital Change in the Chemical Industry

By 2020, Evonik aims to see around € 100 million going into development and testing of digital technologies and the development of digital skills. In additon, the company is entering into a strategic partnership with IBM and the University of Duisburg-Essen. The company hopes to benefit from the latest technologies and innovative projects IBM is spearheading, encompassing technologies such as cognitive and cloud based technologies such as blockchain, Internet of Things, and Industry 4.0 amongst others. The partnership also allows Evonik to tap into IBM’s R&D technological breakthroughs such as Quantum computing.

In July 2017, both companies will develope a Cognitive Evonik-specific Chemical and Life Science Knowledge Corpus based on data analyzed by IBM Watson Explorer and Watson Knowledge Studio. Watson Explorer is IBM’s cognitive search and content analysis platform. Watson Knowledge Studio is IBM’s cloud-based app with which developers can identify relationships in unstructured data. These can be used in Watson Explorer. The resulting insights will be made available as a Digital Advisory Services and will also be used for efficiency improvements.

The cooperation with the University of Duisburg-Essen will focus on the people and skills at the center of digital transformation. Topics include, for example, interactive knowledge transfer and individually tailored training concepts in industrial practice. The cooperation will also look into the benefits of data exchange and digital business partnerships.


Also of interest

  • BASF's Innovation Approach,
    ChemViews Mag. 3 July 2017.
    Digitalization – especially with new supercomputer – to strengthen BASF’s leading positon as innovative company worldwide


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