How Smart Mining Is Reshaping the Mining Industry

 Smart Mining: How Artificial Intelligence Can Benefit the Mining Industry

Smart mining refers to the use of technology, information, and autonomy to facilitate high productivity, improved safety, and low operational costs during mining. Mining companies are focusing on improving productivity by offering innovative software and solutions that raise demand for the smart mining market.

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Smart Mining: Everything You Need to Know

The increasing penetration of advanced technology is projected to cut down high costs of the workforce, and hence result in considerable cost optimization. These factors are boosting the demand for smart mining. Smart mines with already incorporated technologies can automate their operations faster than those lacking technological adoption. By the implementation of advanced technologies, mining operators can expand their current wireless network of embedded sensors.

Digitizing a mine by installing a wireless sensor network to perform remote readings can facilitate further digitization such as atomization of key mining processes. Wireless monitoring and predictive maintenance, with the help of Operational Intelligence (OI) technologies, enable mining operators to track operational properties, such as dams, to overcome the risk associated with mining and other crucial tasks. In real time, the digital data collection process is replacing the manual collection of data in the operational site.

Smart Mining - Major Players: ABB, Alastri, Caterpillar, Intellisense.io, Hexagon AB, Hitachi,  MineSense, Rockwell Automation, SAP SE, Trimble.

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The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

 

Reference: The Insight Partners

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