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Company Insights
Bayer AG – Digital Transformation Strategies
Bayer implemented a five-year global IT strategy to drive its digital business transformation by aligning itself to emerging technologies like cloud, IoT, and AI among others. The annual ICT spending of Bayer was estimated at $2.3 billion in 2022. A major share of this spending is earmarked for acquiring hardware, network and communications, and software from vendors. Bayer is a life science company engaged in research, development, manufacture, and supply of products in healthcare and agriculture. Total ICT Spending 2022...
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Company Insights
Bayer AG – Enterprise Tech Ecosystem Series
Bayer implemented a five-year global IT strategy to drive its digital business transformation by aligning itself to new technologies like cloud, IoT, and AI among others, and using them to create various digital platforms. Bayer is digitally transforming its internal operations to improve productivity and efficiency and have cost-effective functional areas. For example, it deployed a digital twin-based scheduling program at its pharma manufacturing site in Italy, bringing improvements in its quality-control lab, and transforming it into a smart factory....