Evonik embraces digitalization | July 10, 2017 Issue - Vol. 95 Issue 28 | Chemical & Engineering News
Volume 95 Issue 28 | p. 14 | Concentrates
Issue Date: July 10, 2017

Evonik embraces digitalization

Department: Business
Keywords: informatics, digitalization, Evonik, internet of things

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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