The mining industry is embracing the opportunities of digital transformation and facing up to these challenges, according to a report by the World Economic Forum (WEF).
From automation to integrated enterprise platforms, next generation analytics and decision support, digital technology has the potential to move mining and minerals processing operations beyond stagnant growth to deliver exceptional shareholder, customer and environmental value. In this two-part post, we look at six recommendations from the WEF for a successful digital transformation within the mining industry.
Align strategy and operations toward innovation
Everything starts with strategy, and building a focused strategy that incorporates digital is key. The next step is to align your strategy with your business model, processes and organisation, encouraging digital usage and experimentation within that framework.
xMMP (exploration, Mining & Minerals Processing) is a mining “ERP” solution that covers the Total Life of Mine (‘LOM’). Managing mineral rights (tenements) claims, exploration, drilling, EPCM for the development phase, actual mining, stockpiles, plant, shipping and dispatching all the way to mine rehabilitation.
Think outside the box
Being able to effectively connect outside of your current portion of the value chain can assist in extracting further value for your operation, whether it be connecting or engaging in new areas with buyers, suppliers, customers or value-added activities and products.
Improve data access and relevance
Focus on getting real, applicable insights from data and share it clearly and effectively with the right levels of the organisation. An ERP system with added mining solutions, like xMMP, that covers the total life of mine can provide mine operations with the tools and real-time data needed to improve asset performance, impress compliance and improve overall decision making.
Don’t miss part two of our post where we look at three more tips for a successful digital transformation in mining, according to the WEF.
Resolve Immix’s xMMP (exploration, Mining & Minerals Processing) solution is a mining enterprise resource planning (ERP) solution that covers the Total Life of Mine. The solution provides mine operations with the tools and real-time data needed to improve asset performance, impress compliance and increase production from the mine to final product. Contact Resolve Immix for more information today.