India’s Chemical Industry and the Data Challenge
The chemical industry is in the middle of a transition phase where Asia has emerged as the new global supply center. While this offers a sea of opportunity for emerging markets like India and the Middle East, the chemical suppliers in India must address some key issues to ensure uncompromised efficiency. The primary among these is data management. Why Data Management Matters? A robust data management practice contributes significantly to reducing errors and multiplying efficiency. In the digital age, data is instrumental in improving business health. Organizations or companies that employ efficient management practices enjoy benefits like: Accurate decision making. Identify supply chain loopholes faster and better. Effectively manage and control valuable business assets Data Management Challenges in The Indian Chemical Industry Emerging markets like India are dominated primarily by small and medium chemical companies. As such these companies do not h