Indian Chemical News (ICN), an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space, is organizing its next e-Conference focused on highlighting key areas for achieving sustainability via digital transformation in Indian chemical sector on December 15, 2020 from 15:00 PM till 16:30 PM IST.
Stalwarts from industry speaking in the e-conference are: K.K. Jain, Executive Director, Centre for High Technology, Ministry of Petroleum & Natural Gas;
Ravi Shankar Jalan, Managing Director, GHCL; Samir Dhaga, President and CIO, PI Industries Limited; Deepak Keni, EVP - Special Projects & Enablers, Deepak Fertilisers And Petrochemicals Corporation Limited; Ritwik Rath, General Manager - IS Strategy, HPCL; V Srinivas, President - IT, The Sanmar Group; Naveen Sodhiya, Head - IT & Digital, Rallis India Limited; Ronak Jain, Product Sales Manager (Planning & Optimization), AVEVA; Dr. Pratap Nair, President & CEO, Ingenero Technologies (India) Limited; Pravin Prashant, Editor, Indian Chemical News.
Some of the key topics expected to be covered in the discussion includes:
- Increasing Productivity through Digital Transformation
- Reducing carbon footprints through Digital Transformation
- Enabling digital infrastructure, further expansion, and innovations
- Digital cooperation & inclusiveness of stakeholders
- Role of big data in optimal planning and productivity
- Digitalization and reducing carbon footprint
- Increasing Agility through Digital Transformation
- Converging digitalization and Sustainability Goals
- Leverage Sustainable Technologies
The Indian chemical industry is an industry-of-industries with a combined turnover of $160 billion growing at 100 basis points faster than India’s GDP, making it an important sector to propel the growth of the nation’s economy. Being one of the most diversified industries, the chemical industry in India covers more than 80,000 commercial products and is expected to double its size at $300 billion by 2025.
Technology has always been the core of any development. However, the rapid development has brought a major issue of sustainability for businesses all over the world. With every country talking about sustainability, digitalization is emerging as the main driver for sustainable development. Digitalization and sustainability are two of the most powerful market influences in today’s corporate landscape.
Achieving Sustainability Through Digital Transformation explores how companies are using digital tools to map their environmental footprint and assess the impact of environmental shifts on their business. It shows how technologies like artificial intelligence (AI), virtual reality (VR), and blockchain, Internet of Things (IoT), data analytics, and energy storage are creating positive economic, social and environmental impact while addressing global sustainability trends.The intersection of these trends, however, remains largely unexplored territory.
Forward-thinking companies are using digitalization for clean energy to greening production processes to transform their brand equity as a sustainable company. Focus is on how digitization/digital transformation can enable companies to become successful while contributing to achieving the SDGs (Sustainable Development Goals) by focusing on integrated reporting, social and environmental impact creation and responsible investment.
However, it is still not clear how these trends combine to reshape the market conditions in which organizations operate. While New digital technologies are improving sustainable innovation, they also create new threats like cybercrime and privacy loss.
To prevent such downsides, it’s important that companies approach the adoption of any new technology by evaluating its sustainability impact: Will it reduce or increase energy usage? What is the impact on productivity? Will it streamline supply chains? How does it impact greenhouse gas emissions? At the same time, as businesses set sustainability goals, they should look for ways that technology can help achieve them faster and at a lower cost.
There is a need to use the full potential of digitalization with active digital cooperation and interactions amongst stakeholders.
ICN Media, being a knowledge led media platform will try to bring together key stakeholders from chemical, petrochemical and energy sectors to join this exciting and interactive dialogue exchange during the upcoming session.
Speaking on ‘Achieving Sustainability Via Digital Transformation’, Pravin Prashant, Editor, Indian Chemical News said, “Chemical companies are still on the lower side of digital transformation adoption vis-à-vis IT or telecom companies but they need to catch up. Chemical companies need to focus on digital transformation in a big way if they want large scale benefit in terms of achieving the SDGs (Sustainable Development Goals) by focusing on integrated approach, social and environmental impact creation and responsible investment.”
The companies need to start with a pilot in different SBUs and then scale it up fast in an integrated way so that the companies can benefit it in a big way added Prashant.
Participation at the e-Conference also offers many exciting prizes which includes Amazon cash vouchers and Xiaomi smartphone which can be won by anyone attending the live session.
Click here to reserve a complimentary seat for attending the live session.
The e-conference is being organized with support from AVEVA and Ingenero Technologies.
