May 17, 2020

Leveraging BIG DATA in the Mining Industry

Admin
4 min
Information like speed, fuel consumption and route planning can be optimised
‘Big data is increasingly becoming a central buzzword in many industries and mining is no different. Due to developments in the economy and the mi...

‘Big data’ is increasingly becoming a central buzzword in many industries and mining is no different. Due to developments in the economy and the mining industry over the past six to eight months, the key focus has shifted back to reducing the cost of mining operations and improving efficiency across the board.

With every phase of a mining company’s value chain producing large amounts of data on a daily basis, big data plays a crucial role in achieving better decision making processes backed with business analytics and predictive analytics. However, in order to achieve this mining companies need to identify how to manage the diverse range of the data at hand, which data to collect and how to prioritize it. They also need to create interfaces to make big data analytics possible to improve day-to-day operations. 

Big data, if used effectively can be used to monitor mining activity in real time and thus help companies achieve competitive advantage. In fact, a number of critics are pitting big data as the element, which will see some companies leapfrog others to become best in class in 2014 and beyond.

Data is woven into every sector and function in the global economy, and, like other essential factors of production such as hard assets and human capital, much of modern economic activity simply could not take place without it. The use of big data — large pools of data that can be brought together and analyzed to discern patterns and make better decisions — will become the basis of competition and growth for individual corporations, enhancing productivity and creating significant value for the world economy by reducing waste and increasing the quality of products and services.

Mining Global considers five ways to leverage big data:

1. Unlocking data to improve business operations

Big data has the capacity to facilitating faster and more responsive business decisions based on business analytics and predictive analytics. Mining corporations capture vast amounts of data on a daily basis and big data analysis can help them make sense of this information quickly. Mining firms can use this information to predict market demand and optimize supply.

2. Reducing down-time and boosting efficiency when it comes to equipment

Managing equipment is one of the most important aspects on a mine-site. Any down time, repairs, or poor logistical planning can have a huge impact on the efficiency and thus the profitability of a mine. Big data can shed light on equipment management to help mining operators drive total efficiency. Furthermore, data such as tire pressure, scheduled repairs, faults and driver information (routes on site, speed, proper use) can all be captured, analyzed and reacted to.

3. People management and operational excellence

Big data can help site managers collect more accurate and detailed performance information on everything from product inventories to sick days and therefore expose variability and boost performance. In fact, some leading companies are using their ability to collect and analyze big data to conduct controlled experiments to make better management decisions.

4. Big data and continuous improvement

Big data cannot only be used to control current operations, but also leveraged to improve operations in the future. Mine site managers can get an understanding of the most productive site days and look into the conditions surrounding them. These conditions can then be replicated for greater productivity and efficiency in the future.

5. Minimizing risk

Sophisticated analytics can substantially improve decision-making, minimise risks, and unearth valuable insights that would otherwise remain hidden.

Implementing big data

When rolling out the use of big data its important that you consider the potential teething problems and stumbling blocks that could occur early on, such as legacy systems, IP and privacy aspects as well as storage and security challenges.

Mining corporations also need to ensure that employees are fully equipped with the tools required to manage the volume, variety, velocity and value of data from across the business. Big data bring with it a wide variety of advantages, including the ability to utilize data to operate mines proactively rather than analyzing data and results from the past. However, in order to do this effectively the people on the ground need to be given a solid understanding about how to best define rules around how data gets procured, stored, maintained and used to achieve the best business outcomes.

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Dec 3, 2020

Net zero benefits the mining industry and the environment

digital mining
Oren
Emitwise
mining
Dan Brightmore
3 min
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace.
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace...

How do we get the world to net-zero faster?

Emitwise’s founders, Mauro Cozzi, Eduardo Gómez and Ben Peddie, approached a network of more than 100 of the world's largest enterprises and asked their CEOs, CFOs, and sustainability managers the big question: How do we get the world to net-zero faster? The challenge many shared was the lack of timely and accurate emissions data to enable strategic decisions. Companies often relied on annual audits of their carbon footprint for carbon accounting purposes. However, static yearly results were outdated upon publishing.

Emitwise saves companies an average of 260 working days a year by automating their scope 1, 2 and 3 emissions data. With the added benefits of clean audit trails and auto-populated accounting reports in line with GHG Protocol, all at the click of a button. Their easy to use solution enables businesses to quickly identify the carbon hotspots to target, and the precise real-time data empowers teams to remain agile and respond effectively, making achieving those goals possible.

Unique AI Technology

Emitwise’s unique AI technology empowers businesses to automatically measure, report and reduce their carbon footprint across their operations and supply chain, future-proofing companies for a zero-carbon world. It is the only solution that enables companies to fully automate their carbon accounting across all business units and suppliers, therefore liberating them from the drudgery of collecting and processing emissions data.

By using artificial intelligence to precisely measure emissions in real-time, businesses can identify and tackle carbon hotspots swiftly, enabling them to devise a trackable roadmap to net-zero carbon. At the same time, accurate audit trails and auto-populated annual reports ensure that companies comply with international reporting requirements, and align businesses with global climate targets to mitigate risk across their operations and supply chain. 

The Oren Marketplace

Environmental management, social license to operate, safety, renewable energy to lower emissions and operational efficiency for mining can be supported by a range of digital solutions enabling dynamic operations. To address these issues, Shell and IBM joined forces to create the Oren Marketplace – the first B2B solutions platform for the mining sector. 

With the adoption of many of the digital solutions offered through Oren, mining companies can adapt in real-time to risks or adjust plans ahead of a problem occurring. The goal is a shift towards proactive management as the optimal outcome for all stakeholders – community, shareholders, and employees.

Emitwise was founded with the goal of helping industries across all sectors reduce their carbon footprint. Similarly, Shell aims to become a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. And Oren is focused on offering innovative products and services that can help mining companies track and reduce their emissions. 

“Oren is the starting point for how we help our mining customers to de-carbonise,” explains Carol Chen, Global Lubricants Marketing, Vice President, Shell. “It’s our ambition to work with sectors like mining to help them find their own pathway to net-zero emissions through collaboration. The Oren marketplace offers a great opportunity for collaboration between the miners and technology companies that are joining this digital marketplace.” 

Web Summit

Emitwise will be showcasing its vision for a net-zero future live from Lisbon at this year’s Web Summit. Bringing together the people and companies redefining the global tech industry, the online event welcomes 100,000+ attendees from around the world to hear from more than 800 speakers and view offerings from 2,500 startups covering a vast range of topics from Data Science and Climate Change to AI and Machine Learning. To find out more and book your ticket visit Web Summit. 

Emitwise is one of many solutions providers on the Oren platform seeking to address the pain points and environmental concerns of heavy industries like mining. To discover a range of solutions that can further support your operation’s digital transformation and commitment to sustainability, visit the Oren Marketplace.

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