In a challenging market, the digital transformation of mining companies has become a business imperative – leveraging technology to improve processes is directly linked to value creation. A combination of market volatility, increased cost base and changing global demand is driving a seismic shift in the industry. In response, mining companies are shifting their strategies and adopting new business and operating models faster than ever before. To seize the opportunity, miners are embracing digital tools and capabilities, including cloud-enabled mobility, big data-powered analytics and the Industrial Internet of Things (IoT).
Mining companies need to find new and innovative solutions to existing problems to reduce the cost per ton produced. They also need to extend the lifetime of existing mines and increase the rate of operations while minimizing the impact of operations on the environment.