EXECUTIVE INSIGHT

How do you see the role of data analytics evolving in the chemical industry over the next five to ten years , particularly for B2B SAAS platforms like ChemAnalyst ? Over the next five to ten years the role of data analytics in the chemical industry is set to rise even more . More and more companies are focusing on analytical decision making , there will be an increasing need for improved analytical tools . The emergence of new tools altogether will follow a B2B SaaS model such as ChemAnalyst and will offer better and more extensive analytical tools . There will be more adoption of AI and machine learning to enhance the value of the platform by offering more real-time useful data . Also , it will transition to focus on the streaming of data to provide constant updates to businesses ’ reactions to market activity . ChemAnalyst is well placed to drive this adjustment , with its database being constantly developed to meet the users ’ demands of its subscribers .

The global market for AI in supply chain and logistics is projected to reach

by 2027 , growing at a CAGR of 45.3 % from 2020 ( CDP , AI in Procurement : How Machine Learning is Changing the Game )

24 October 2024