Digitizing mine operations cannot be fully implemented unless connectivity is addressed. Because of the remoteness of many mine sites throughout the world, mine managers and executives consider advanced technical software as simply not an option. This is especially true for many remote mining sites throughout Latin America.
A digital disruption is taking place in every major industry, including mining. The Internet of Things (IoT) is rebalancing the traditional notions of mining operations, maintenance and workforce into contemporary organizations with an improved understanding of actions from the pit, or underground, directly to management and office personnel. This digital disruption has moved from consumer-specific industries directly to mine operations and extractive organizations.
Five Reasons to Rewrite Your Business Plan, Again. Written by AddOns’ Greg Madsen 1) Regulatory Compliance 2) Technological Advances 3) Rapidly changing Labor Factors 4) Volatile Competitive Environment 5) Social License You’ve finally delivered up the final, approved version of your published Business Plan to the printing company.
This old way of doing things can be summed up in a few simple and very painful sentences: Big investment. Money spent setting up servers, storage, networking, security, and databases. Time spent on requirements gathering, customizing to fit, data migration, testing, and initial training. And, no funding left at the end for improvements, upgrades, or ongoing training.
Mining is cyclical. With the new political climate in the U.S., restrictive regulations are expected to be lifted, at least in part. Coal is in high demand in China, and the market for other precious metals is growing.