OREN: Shell & IBM to Accelerate Digitalisation in Mining
Shell and IBM have launched Oren, a global B2B Digital mining services marketplace platform, co-developed by the companies aimed at helping mining companies find solutions related to safety, sustainability, mine planning and operational efficiency.
By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitization of the mining industry, speed up the transformation of mining workflows and build in more operational resiliency in a rapidly changing world.
As current world events disrupt regular business operations, mining companies are looking to become more agile and resilient by embedding more automated mine solutions such as self-driving haul trucks and remote operations centers in their operations.
To do this, mining operations need to quickly become more digital and intelligent at every step, both within the mines and throughout the wider value chains.
Shell, a major supplier of lubricants to the mining industry, engaged with more than 350 mining businesses and identified that 80 percent of those surveyed are wrestling with similar challenges in their operations.
- Difficulty aggregating data to make actionable insights
- Lack of intelligent workflows due to siloed organizational working
- Improving sustainability
- Along with keeping employees safe while deploying autonomous technology.
"Mining customers can benefit from many of the digital solutions used in the energy industry, for example, those that help manage operations safely and efficiently in remote locations. We envision Oren being the one-stop digital destination for the mining sector to access the best digital solutions and technologies, not just from Shell and IBM, but also from leading and emerging companies.
Being able to find and access a wide range of solutions digitally is even more important given the movement constraints faced as countries respond to Covid-19," said Carol Chen VP, Global Marketing Lubricants Shell.
"The next push in mining requires a new approach towards industry-wide technology platforms which requires new levels of openness, innovation and collaboration. Oren accelerates the adoption of digital services in the mining industry by facilitating technology transfer, innovation and integration from solution providers across the ecosystem. For miners, this experience can help efficiently locate solutions at all levels of the organization.
This can make their existing workflows more intelligent to enable their digital journeys and help them reach their long terms goals," said Matt Candy, Global Managing Partner IBM iX.
Axora launches global challenge for digital technology
Axora is launching the world’s first international competition to discover new cost-saving digital technology for industrial companies, which can produce rapid benefits within a year.
The Metals & Mining and Oil & Gas sectors have recently experienced budget cuts of 20% on average, driven by a variety of factors including the global pandemic, slump in demand and price wars. The Axora Cost-Saving Technology Challenge aims to transform these industries by discovering innovative, digital solutions that reduce cost fast and pay for themselves, whilst achieving the same or improved productivity, health and safety and sustainability standards.
“While digital solutions can help to get work done quicker and more cost-effectively, they typically require a three-year ROI, and if there’s no flexibility in the budget, a full budget planning cycle is needed to get things moving”, said Dr. Nick Mayhew, Chief Commercial Officer, Axora.
“Yet, extra financial cost is often incurred in delaying digital projects, so customers have asked us to highlight solutions that can have an ‘in year payback’ whereby the cost spent on the solution and deployment will be more than recovered within the budget year - this accelerates the timeline and drives positive business impact, quickly.”
The Axora Cost-Saving Technology Challenge
Axora is keen to learn of any digital cost-saving innovation which: meets the 12-month payback timeframe; can be deployed in any part of the value chain including upstream, downstream or midstream oil and gas, metals processing or mining; and is ready for market. The Axora Cost-Saving Technology Challenge is open to entrepreneurs, start-ups, academics and sector leaders across the world. The competition will be judged by a panel of leading industry experts.
“We’re passionate about supporting our industries and customers through all forms of digital transformation and the cost-saving solutions we are searching for could also provide a lifeline to many mining and metals and oil and gas companies in the current economic climate,” added Dr. Mayhew.
Improving productivity, safety and sustainability
Up to ten finalists will be chosen to pitch their solutions at a digital pitch day later this year, after which Axora will validate the ROI models and vet the solutions. The winner will receive the ‘Axora Market Accelerator’ sales and marketing package worth £10,000. This includes a two-hour workshop, promotion through Axora’s thought leadership content and inclusion into its digital demand engines, providing the opportunity for the winning solution to benefit thousands of industrial companies. Entries are open until May 31. Full details of the competition including terms and conditions can be found here.
To learn more about the Axora B2B digital solutions marketplace read our feature in the latest issue of Mining Global magazine.