Digital in the HPI represents a very substantial opportunity, but companies need a strategy to succeed in this new world. Changes are starting to happen and at a pace that is unprecedented, but the impact of change is uneven and significant uncertainty exists. Strategy is the art of making hard-to-reverse choices ahead of time and in the face of uncertainty to create and capture economic profit.
Industry leaders should not shy away from this task but instead develop clear digital strategies based on an understanding of where and how impacts will occur in their sector.
Digital in chemicals: From technology to impact, McKinsey & Company