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Business
Evonik embraces digitalization
by Michael McCoy
July 10, 2017
| A version of this story appeared in
Volume 95, Issue 28
Evonik Industries plans to invest more than $110 million in digitalization efforts by the year 2020. To that end, the German firm has formed a partnership with IBM to adopt technologies such as cloud-based computing, blockchain, and the internet of things. The firm will also work with the University of Duisburg-Essen to develop the people and skills needed for digital transformation. “For us as a specialty chemical company, digitalization brings with it a world of possibilities,” Evonik Chairperson Christian Kullmann says.
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