Prospects for the use of digitalization in the effective financial management of the chemical industry

Abstract

The chemical industry is one of the most dynamically developing sectors of the global economy, characterized by complex production processes, high capital intensity, and a strong dependence on resource and market fluctuations. In this context, digitalization has emerged as a crucial factor for enhancing the efficiency of financial management and ensuring sustainable development. This article explores the prospects and challenges of using digital technologies in financial management within the chemical industry. It examines the implementation of tools such as big data analytics, artificial intelligence, blockchain, and enterprise resource planning (ERP) systems, which contribute to transparency, cost optimization, and real-time decision-making. Furthermore, the study highlights the importance of digital transformation for improving investment attractiveness, risk assessment, and competitiveness of chemical enterprises. The paper concludes with recommendations for integrating digital solutions into financial management systems to achieve long-term economic and environmental sustainability.