Data, Digitization and Automation: Pathway to Economic and Resource Efficiency in Mining?
The capacity to collect and interpret historical and real-time data is emerging as a key competitive advantage in the mining and metals sectors. The development of digital solutions – from sensors and data collection at the machine level and the development of ‘smart’ systems at the mine level, to sector- and supply-chain wide approaches – can help address environmental and economic inefficiencies and risks as well as enhance the sustainability and profitability of operations.
The speaker will introduce a number of real-world examples of digitization and present a live demonstration of mine digitization in action, before a wider discussion of the implications of these new approaches and technologies. The discussion will explore: where are the greatest opportunities for digitization and automation in terms of resource and economic efficiency, and what policy and practical barriers are there to progress? Which existing actors and market entrants must be involved for digitization to be effective, and how might cooperation be aided? And how might digitization and automation affect ‘shared wealth creation’, as well as company, country and community relations?