ARTIKEL — April 07, 2021

What Can Mining Companies Gain from Data-Driven Insights?

The mining industry today has a wealth of data from operations. This includes data related to equipment performance, resources, quality, fuel consumption, and many more. Most mining companies have implemented some form of reporting, but wonder whether it is the right time to dive into the proof-of-concepts of machine learning. Many do because they assume these experimentations are unable to scale, too complex to manage, or do not provide the desired benefits.

The fact is, using data-driven insights to drive value is giving top miners a competitive advantage and helping to optimize core mining functions including exploration, mine planning, resource allocation, and fleet management. With data playing such a pivotal role in the mining process, the ability to collect, process and manage data becomes a crucial task for mining companies.

To fully achieve the benefits from data in the long run, a structured approach is important for maturing mining companies to derive insights from data for decision-making. Here’s why.

Big Data = The Decisive Transformer

Big data is a decisive ally in handling and solving concerns that face mining companies today. Despite the huge amount of data analytics in mining, underinvestment in the technology puts the industry behind others when it comes to unlocking its value. Big data is driving many use cases that could transform mining in a powerful way, and the key is to find the most valuable data, find out where it could impact the most, and utilize it for competitive gains.

Ensures Operational Security and Safety

Through capturing operational, sensor, and personnel data, big data analytics gives actionable insights that are based on real-time monitoring of people in mines such as temperature, and the environment such as gas concentration or dust. Big data analytics also allows monitoring equipment and on-site risk determination to ensure safer operations.

Faster Decision-Making for Increased Output

Data-driven insights enable autonomous decision-making based on real-time information across every function. This will improve the quality and pace of decisions, resulting in faster benefit deliverance. For example, using sensors and machine learning algorithms to automate data feedback can optimize mining fleet capacity schedules, which can increase the output by 30% in six months.

Smarter Procurement

A system that is data-driven makes it easier to manage, monitor, and operate present and future requirements of services and spares, and optimizes spare parts inventory. Data analytics also makes negotiating price and spend analytics faster and more efficient while lowering overall procurement expenses.

Get Insight Towards Every Performance Parameters

Mining companies are now working on how to leverage an intelligent automation infrastructure in the best way possible and the huge data it produces. The reason is big data will give access to reporting and trending tools, providing insight towards performance parameters as a result. Mining companies can utilize the information to determine opportunities to minimize variability, lower costs, and boost productivity in operations across the supply chain.

It is important for mining companies to adopt technology to improve their overall performance. However, those that are able to build data management into their core operations and drives the importance of data management are ready to harness the real benefits of data-driven insights. Start your free trial at https://telkomseliot.com/en/request-free-trial and ensure your mining company gets the most out of IoT solutions.

NEWS — Oct 14, 2019
The Global Impact of an Hour Without Internet

Panic! That’s the modern-day definition of losing your intern

READ MORE >>
NEWS — Aug 11, 2021
The Answer to Indonesian Manufacturers’ Concerns on Adopting IoT

Afraid that your company won’t benefit from IoT? Here’s wha

READ MORE >>
NEWS — Apr 29, 2022
What Will Manufacturers Gain When Using IoT

IoT is one of the core of Industry 4.0. Here are the reasons wh

READ MORE >>
NEWS — Oct 08, 2019
Proving Sustainability Measures with the Help of IoT

No matter how smooth your business processes are, resources are

READ MORE >>
Telkomsel IoT was Awarded at BUMN Marketing Awards and IMACO Awards 2022
NEWS — Jun 09, 2022
Telkomsel IoT was Awarded at BUMN Marketing Awards and IMACO Awards 2022

This month, May 2022, Telkomsel IoT is proud to receive two awa

READ MORE >>
NEWS — Dec 09, 2021
How Hotels Are Adapting with IoT

IoT technology helps the hospitality industry to evolve their b

READ MORE >>
NEWS — Oct 17, 2019
Taking Streetlight Benefits Beyond Well-Lit Smart Cities

Wherever we are, cities are always filled with streetlights: hi

READ MORE >>
NEWS — Aug 26, 2020
Maintaining Business Continuity and Mitigating Risks Post-Global Pandemic

The global pandemic made maintaining business more challenging,

READ MORE >>