James Trevelyan, Speedcast, UK, provides insight into how the Connected Mine can revolutionise the mining industry.
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aving already undergone decades of change to improve safety and productivity levels, the mining industry is no stranger to transformation. It has been predicted by McKinsey and Co. that digitalisation will not only put predictability within the grasp of operators, but offer the sector an economic impact worth US$370 billion/yr globally in 2025.1 Technology, when utilised the correct way, has huge potential to
make mining big business once again, through the optimisation of operations. Digitalisation is already paving a way forward, revolutionising the industry in a way that has never been seen before. Some operators are already starting to take notice, with estimates that the worldwide automation market for mining will grow at a rate of 7.3% compound annual growth rate (CAGR) over the
global mining review // September 2021
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