[poll results] To What Extent do You Use Digital Tools/Simulations in Your Formulation Development?

Aug 19th, 2024

digital tools concept in chemistry lab digital imagery over lab photo background

Image by metamorworks at Adobe Stock

Last week we reported that, according to Markets and Markets, the "digital transformation" market size, including solutions and services ranging from cloud computing and big data to blockchain, AI and more, was valued at $695.5 billion in 2023.

This is expected to expand at a CAGR of 24.1% between 2024 and 2030, driven by "the application of big data and machine learning ... and AI-driven insights to improve product customization and operational efficiency."

See related article on AI-powered sensory experiences.

In relation, we asked you: To what extent do you use digital tools/simulations in your formulation development?

Here's how you responded.

Poll Results

To what extent do you use digital tools/simulations in your formulation development?

Extensively 25%
Moderately 23%
Minimally 52%

Check back each Tuesday for the latest poll!

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