Increasing the digitalization in the mining industry

Increasing the digitalization in the mining industry

Summary: The Internet of Things – or “Industrie 4.0” as a German initiative is called – is synonymous with the digitalization of industrial processes. While some industries are far along in the digitalization of manufacturing processes, others like the minerals sector still have some ground to cover. Technologies are available today to help mining companies increase digitalization and at the same time tackle the woes plaguing the industry.

Declining grades. Price volatility. Project suspensions. These are just some of the less-than pleasing trends that companies in the minerals industry have to contend with. Unfortunately, there is no indication that these challenges will let up anytime soon. Part of the answer, it seems, can be found in how mining firms organize themselves and their business processes. This is the general tenor in “Tracking the trends 2015”, a study performed by the Deloitte consultancy firm on the mining industry. The study lists the top ten issues that players in this industry can expect to confront this year...

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