Episode 1098: Think Tank: AI can help chemical companies tackle biggest pain points

Artificial Intelligence (AI) can be used by chemical company leaders to help solve their biggest challenges, such as predicting demand and pricing. 

-          AI can develop demand scenarios for chemical markets

-          Companies should focus AI only on their biggest pain points

-          AI could measure market sentiment

-          ICIS is developing algorithms to forecast pricing

-          AI allows programs to perform tasks normally carried out by humans 

-          Machine learning is an algorithm with the ability to learn

-          Deep learning is a neural network which can learn from data 

-          In aerospace AI already forecasts demand, alters pricing, using algorithms 

-          Watch an ICIS webinar on digital transformation trends in the chemical industry