Mining smart with the latest tech isn ’ t just for the majors . Smart Mining Technology can unlock the future for more connected and productive operations .
INDUSTRY X . 0
SMARTER TECHNOLOGIES :
TRANSFORMING THE SECTOR
Mining smart with the latest tech isn ’ t just for the majors . Smart Mining Technology can unlock the future for more connected and productive operations .
WRITTEN BY : DANIEL BRIGHTMORE
Matthew Margetts , Director , Smarter Technologies
Digital technology has become a key enabler of margin improvement and an enhancer of competitiveness in the mining sector . Although the majority of the top mining businesses have already started their digital journey in some capacity , many of the smaller players are lagging behind when it comes to digital transformation .
Recent analysis by Allied Market Research , which estimates that the global smart mining industry is projected to reach $ 24bn by 2027 , relays fears that those that don ' t join the big players in the digital uptake of solutions like IoT , will be left behind .
“ As a traditionally risk-averse industry , many mining sector stakeholders struggle to invest in new technologies without a guaranteed return on investment ( ROI ),” explains Matthew Margetts , Director of Sales & Marketing at Smarter Technologies – suppliers of IoT solutions to the UK ’ s Ministry of Defence and the Royal Air Force .
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