Top Trends in the Chemical Industry

Top Trends in the Chemical Industry

According to analysts, the demand for the Internet of Things (IoT) in the chemical industry is growing because of the mounting need for efficient and augmented chemical production. According to a recent report by Global Forecast to 2024, the IoT in the chemical industry is estimated to cross USD 79.9 billion by 2024.

Chemical industry and nanotechnology will continue to develop hand in hand. Several polymers that are created within the chemical industry still fall under the dominion of this technology. Firms like DuPont have created many such polymers like Kevlar® and Teflon®.

The COVID-19 crisis has highlighted the importance of digitally connected logistics to a chemical industry’s responsiveness and emergency planning. The chemical firm manufacturers can thereby respond to supply chain and demand signals and act per the supply chain partners, government entities, and healthcare providers.

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About the author

Dr. Mariana Damova is the CEO of Mozaika, a company providing research and solutions in the field of data science, reasoning with natural language semantics, and natural human computer interfaces, creativity enhancing applications, and research infrastructures for the humanities. Previously, she was a Business development Manager and a Knowledge Management Expert specializing in ontology engineering and linked data management at a world leading technology provider. She was instrumental in the successful winning and knowledge modelling of large data integration and management projects such as the Semantic Knowledge Base for The National Archive of the United Kingdom and Research Space for the British Museum, as well as European FP7 projects such as Europeana Creative and Multisensor. Her work focuses on the design and development of data integration infrastructures which allow efficient querying, access and navigation over linked data. She has managed the building of the official experimental Europeana SPARQL endpoint holding Europeana semantic data. Mariana holds a PhD from the University of Stuttgart and teaches semantic technologies and multimedia at the New Bulgarian University in Sofia. She regularly reviews books and articles for ACM and has authored books and scientific articles in linguistics and semantic technologies. She has successfully lead international interdisciplinary teams and projects carrying technological risks, driven and managed change in engineering and operational contexts in North America and in Europe, and acquired the ability to leverage marketing requirements with knowledge intense technological solutions.

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