Generative AI could be the catalyst for the chemical industry’s next major age of innovation. However, its efficacy as business problem-solver and life-changing innovator is predicated on a whole lot of ifs.
In the hands of a supply chain expert in the chemical industry, generative AI is an intelligent assistant that empowers people to think in new ways and discover fresh ideas for solid business gains.Generative AI is tailor-made for the kind of discovery that underpins the chemical industry’s greatest contributions to society.
“Demand planning is a great example of where companies can bring in external data from generative AI to augment forecast predictions from traditional machine learning models,” said Matt Reymann, global vice president for chemicals at SAP. “Generative AI contextualizes the data for supply chain, demand, and other planners. This speeds up informed decision-making based on relevant shared information, giving people a next-level user experience that’s less transactional and more human-centered.
Despite technology’s infiltration of every sector, business depends on human communication and collaboration. Gen AI can accelerate self-service queries, boosting employee productivity and the customer experience by combining fragmented data company-wide.