Digital Transformation in Mining: Opportunities and Challenges

Dr. Ali Soofastaei
Future Bridge
Date: 08 - 09 November 2022
Venue: Barcelona, Spain
About Conference
Mining 4.0 aims to bring together the senior decision-makers from the metals and mining industries for a two-day business networking event scheduled for November 2022 in Barcelona, Spain. The mining industry is on its way to a transformation to intelligent, digitized, and decarbonized mining. As a result, there is a need for production cost optimization, changes in the mining landscape, and a reduction in human intervention.
Digitalization comes with more sustainable use of resources and an increase in productivity while decreasing input costs. The shift to innovative work and capitalization on the full potential of digital technologies and holistic data strategies comes with automation and delivers operation-wide benefits. In fact, maximizing productivity and optimizing CAPEX, increasing safety and collaboration, decarbonization, and more sustainable practices are just a few of the benefits that digital, intelligent mines and mining operations bring to the industry. For instance, McKinsey estimates that implementing digital technologies will help the mining industry save over $373 billion by 2025 by raising productivity, reducing waste, and keeping mines safe.
Growing sophistication comes with artificial intelligence, industrial Internet, cloud platform, digital twin, big data, robotics technology, private LTE and 5G, and drones and unmanned data collection technology. All of the given digital instruments are bringing the mining industry closer to intelligent unmanned mining.

[@MrGaluhJP]

If the use cases are not economically feasible or the users can not justify the implementation should the projects continued? In my company, even the silliest things are digitized, at which there is no visible value realized after more than 5 years of implementation