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Has Digitalizing Mines Made an Impact on the Mining Industry?

Enterprise Technology Review | Thursday, April 02, 2020

Digital transformation is gaining popularity in almost all industries. Connectivity has the potential to empower millions of people while providing businesses with unparalleled opportunities for value creation and capture, Future opportunities for mining in the deep sea, space, and abandoned mines mean the industry has more frontiers to conquer.

FREMONT, CA: However, the mining industry is still in the early stages of implementing these digital platforms. It predicted that enhanced connectivity will further enhance mining operation efficiency and enable remote diagnostics and off-site analysis to improve site safety.

Mine operators must ensure that they are updated with the most advanced technology, like IoT features. After all, enhanced connectivity is essential to the future of mining and supporting the value chain.

With digitalization, mine operators are given greater control over how mines are run. Data summaries on all machinery provide insight into fleet performance, material consumption, and maintenance history. Top 10 Mining Tech Companies in APAC - 2020

As useful data analysis becomes a necessity, digital solutions are developing and evolving. In the mining industry, this will lead to reduced downtime and increased efficiency.  Given the number of players in the market, and the potential for future development, open platforms that allow integration of systems are crucial.

As with any industrial development, a new generation of standards needs to be established, along with training and widespread adaption to meet them. Given the variety of options on the market, the implementation of standards and regulations has proven difficult.

The digital mine will leverage most of the present day's emerging digital technologies. The industrial internet of things, IIoT, is primarily for transformative mining. The sensors connected to the internet can enable mines to collect vast amounts of data in real-time. The data from IIoT sensors is hugely actionable, encouraging the managers to make smart decisions that can offer efficiency, increase safety, cut costs, and more.

Digital transformation and new technologies provide mining organizations with a golden opportunity to become more efficient, boost production, and cut costs while making the work environment more protected. Although the push for sustainability and environmentalism may have headwinds, mining operations are becoming increasingly green and benefit from the materials to build electric cars and renewable fuel sources of energy.