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Wednesday, October 16, 2019

Mining Industry; How digital solutions drive cost savings - ITREALMS

Mining operations everywhere are experiencing constant profitability pressures from two directions: continued commodity pricing volatility and global demand variability. Africa-based miners are no exception, reports ITREALMS.com.ng

These dynamics have caused mining companies to re-evaluate business models and seek smarter, more efficient modes of operation that focus on sustainable cost management practices and improved productivity.

The mining sector isn’t unique in this regard. Many of the world’s leading industries—manufacturing, oil and gas, healthcare, and others—have also recognised this need for change. While the exact improvements vary from industry to industry, the path to transformation is similar: an emphasis on improvements at both the asset and process levels through the application of leading-edge digital technologies across the Industrial Internet value chain.

By harnessing the combined power of machine sensors, edge-to-cloud connectivity, advanced data capture, and powerful analytics, the Industrial Internet can deliver deeper insight into mining operations than ever before.

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