Top 20 Chemical Tech Companies - 2019
The world is witnessing a rise in the popularity of innovative and powerful materials, ushered in by the technology trends in the chemicals industry. But to be central players in this story, today’s incumbent players in the chemicals industry require vital prerequisites, which include restructuring of their product portfolios, rewriting business models to generate higher returns on their investment in innovation, and successful exploitation of digital technologies. As a result, toward the end of 2018, professionals in the chemical industry began to place great emphasis on three specific trends: accelerated globalization, a circular economy, and digitalization. Each of these movements now intends to drive the widespread availability of chemical resources, an improved management of scarce raw materials, and a new digital frontier in chemical technology.
With the meteoric rise in the adoption of modern day innovation, organizations participating in the industry are witnessing millions of dollars moving toward digital investments. Digitalization’s promise of better revenue generation, waste management, supply chain and logistics, data management, big data, and security has gripped private and public enterprises firmly. Moreover, to sell to today’s tech savvy consumer base effectively, chemical organizations are further encouraged to implement business models that incorporate the latest IoT, cloud-based, and AI technologies into their workflows in order to stay relevant in the marketplace.
To this end, chemical technology solution providers have emerged to efficiently support and drive chemical organizations forward while augmenting their digital infrastructure and IT posture. Be it shop floor functionality, backend data analytics or compliance issues, solution providers come prepared with years of subject matter experience to combat the challenges of the chemical industry. Upon further inspection, chemical organizations may also find that employing chemical technology solution providers can help develop best-in-class innovations in medical devices, mechanical engineering, aerospace research, and petroleum engineering.
Alongside, the chemicals industry is increasingly migrating to cloud computing and receiving substantial financial benefits. While some executives are still struggling with its risks, possibilities, and the cost of writing off current IT investments, for several companies, the transition to a hybrid cloud environment is already underway. Experts believe that those who move early to embrace this future will position themselves to be tomorrow’s high-performance businesses.
This massive wave of digital innovation shows no sign of cresting in the near future. Therefore, it has become critical for CIOs to choose proper technology and select best vendors that are at the forefront of efficiently tackling the challenges across the chemical tech realm. To help CIOs negotiate this now burgeoning landscape, a distinguished panel comprising of CEOs, CIOs, VCs, and industry analysts along with CIOReview’s editorial board have reviewed the most promising chemical tech solution providers and shortlisted the ones spearheading the charge towards fulfilling the urgent demands of the industry. The listing offers a look at how these solutions are put to use, thereby enabling business leaders to gain a comprehensive knowledge as to how they can strategize growth.
We present to you CIOReview’s “20 Most Promising Chemical Tech Solution Providers – 2019.”