Capital Equipment News November 2019

THOUGHT LEADERSHIP – DIGITAL MINE

How digital solutions are driving cost savings for the mining industry Mining operations everywhere are experiencing constant profitability pressures from two directions: continued commodity pricing volatility and global demand variability. Africa-based miners are no exception. By Kevin Shikoluk , global strategic product & marketing leader, Digital Mine at Wabtec Corporation.

The data from smart connected devices allows for much more precise and focused service that not only increases asset availability, but also reduces overall maintenance costs.

T hese dynamics have caused mining companies to re-evaluate business models and seek smarter, more efficient modes of operation that focus on sustainable cost management practices and improved productivity. The mining sector isn’t unique in this gas, healthcare, and others – have also recognised this need for change. While the exact improvements vary from industry to industry, the path to transformation is similar: an emphasis on improvements at both the asset and process levels through the application of leading-edge digital technologies across the Industrial Internet value chain. By harnessing the combined power of machine sensors, edge-to-cloud connectivity, advanced data capture and regard. Many of the world’s leading industries – manufacturing, oil and

The real power of connected technologies is the leverage they provide when integrated vertically across the mine.

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