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Improving Decision Making in the Mining Industry

To improve decision making and optimise mining activities, operators need a unified view of the production process.

But traditional methods of data gathering are inefficient and uncoordinated. Analysing complex data has also proved difficult in the past, with companies relying on multiple different silo systems, which often leads to important information getting overlooked.

Through the Industrial Internet of Things (IIoT), mining companies are able to unify the information gathered from independent equipment and systems.

Using sensors, advanced AI analytics, and machine learning (ML) technology, IIoT applications are able to collect disparate data from independent assets and transmit it to a central control room, where it’s analysed for trends and key insights.

By establishing a unified monitoring and information gathering system, IIoT has many use cases in the mining industry, from predictive and prescriptive maintenance solutions and enforcing safety regulations to monitoring emissions and energy consumption, and automating processes.

This empowers operators with deeper insights into operations so they can make smarter decisions.

Key fact: The IIoT market is expected to grow from $77.3 billion in 2020 to $110.6 billion by 2025

Benefits

  • Unifies information

  • Improves visibility

  • Identifies areas of optimisation


Learn more insights by browsing our resource centre and learn about digital transformation trends among metals and mining companies in the Axora Innovation Forecast, which surveyed 150 senior industry decision makers.

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