This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Extensive literature has considered reduced, but still highly accurate, nonlinear dynamic process models, particularly for distillation columns. Nevertheless, there is a need for continuing research in this field. Herein, opportunities from the integration of machine learning into existing reduction approaches are discussed. First, key concepts for dynamic model reduction and their limitations are briefly reviewed. Afterwards, promising model structures for reduced hybrid mechanistic/data-driven models are outlined. Finally, crucial future challenges as well as promising research perspectives are presented.