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Data as Corporation Asset

‐ May 8, 2023 4:10pm

The digital transformation of the chemical industry is picking up speed. Hardly any company can avoid digitizing its processes, but the extent and speed of digitization projects vary widely. Evonik wants to be a pioneer and has set out on the road to becoming a "Data Driven Company”. The aim is to understand data as a corporate asset and use it as a lever for growth and optimization of its own business. At the end of 2021, the Essen-based Group received an award from the Competence Center Corporate Data Quality (CDQ) for its exemplary data management initiative. Gunnar Weider, Head of IT Strategy, Processes & Architecture explains the development, the status of the initiative and further plans.