With profits down the global mining community is looking towards digital innovation to provide a breakthrough. With digitalization, mining companies are hoping for a transformation from traditional business models to a more smarter & profitable mine.
Benefits of Digitalization in Mining
- Increased Productivity
- Improved Mine Safety
- Informed Decision Making
- Improved Failure Anticipation
- Reduced Environmental Impact
- Real-Time Performance Monitoring
Value from Mining Digitalization
- $425 Billion value for the industry to be saved over the next 10 years.
- 610 Million Tonnes of CO2 emissions estimated to be reduced.
- 44,000 injuries can be avoided thereby improving safety.
For companies that adopt digital transformation, the benefits are multifold. The digital mines are expected to be smarter, supports real-time decision making and visibility into production performance. Besides operational excellence, they will also be safer and environmentally friendly.