The 2018 Deloitte Report on trends in mining industry highlighted "Digitisation" as the top trend and data-driven insights as the core of this "Digitisation" process. But, what does this mean?
In a cyclical industry such as mining where vertical integration and cost pressures have become a norm, utilising modern technology is not enough. The technology needs to be connected and supported by a data foundation that collects, analyses, processes and transmits the data across the complete value chain.
The technology supporting this data foundation needs to be cloud-based, future-ready, connected and secure. A data hub in the cloud is the answer!
Yet, the real value comes from unlocking the insights within this data. To do so, companies must rethink the way they generate and process information. This involves using data–driven analytics to optimize their systems, from pit to customer. The aim is to create an information layer, or digital “nerve center”, that brings together data across the mining value chain in multiple time horizons to improve planning, control, and decision making