Digital disruption is marking its mark on all industries, large and small. It is a fundamental shift in the way we do business – in the way consumers expect us to do business. Despite common perceptions, mining is not immune to disruption of this kind. Traditional business models are being challenged by digital disruption forcing businesses to review not only their business models but also their entire supply chain.
Like anything – routine is rarely struck down without good reason. Because the mining downturn has gone on for longer and been more impactful than anyone expected, it has forced an inquiry into an industry that has, until now, been immune to digital disruption. The mining downturn has resulted in innovation beyond imaginable and a look towards digital technologies to form the next era of mining. Some may say this downturn might just prove to be the mining industry’s blessing in disguise.
What mining operators have been forced to do is to stop and reasonably consider “can we do things differently?” And, the answer has been a resounding yes! The success of the digital transformation we are embarking upon can only happen if miners (big and small), vendors and suppliers partner together to share a common goal – to realise there is a better way to deliver shareholder value that is different to the way we have typically delivered it. Partnering in mining is the way of the future – the way of the now.
The Mining industry needs to shift from not only just consuming technology and providing technology but rethink how we use it better. Big Data, IoT and digital disruption are enabling progressive mining companies to understand that a silo approach in mine operations will not deliver their next level change. If we review data sets in their silo’s it is almost impossible to understand the big picture and the implications to the overall business. It is only when enterprise-wide solutions are adopted that a single, accurate view of the business can be achieved. This, in turn, provides a foundation where sound business decisions can be made based on accurate data and information. Something that has been challenging in all industries, not just mining.
RPM is partnering with industry leaders to redefine mining. We believe in forming strong ties with industry leaders and are privileged to be in the position to help shape the mine of the future.
How could partnering, innovation and technology support your organisation to achieve the next step up in productivity needed?
Embark upon your journey towards digital transformation – book a meeting with us at MINExpo now.