Mining Digital May 2021 | Page 93

DATA & ANALYTICS
Investment in digital transformation is
expected to reach

$ 6.8trn

between 2020 and 2023 has he seen the biggest push ? “ How do we get the data we want and then what do we do with it ?” he counters . “ Miners have so much data that it ' s in Excel sheets , and it ' s got macros , and it ' s historically stored on a server somewhere that nobody ' s looked at for five years since it was sent out . Our clients ' demands today are more around how do we do something with that data ? Because we know the benefits are there . The sensor data around predictive maintenance and all these things exist , but they ' re having such a struggle to deal with it and deliver meaningful insights .”
However , Carr concedes it ' s a cyclical business . “ If it comes down to buying another truck or buying a data server , what ' s going to get more tonnes out of the ground ? But with the right data we can see what will actually benefit operations in the long term … That push towards digital has seen what we thought would take the next five years actually happen in one year because remote capabilities and enhancement to operations centres have advanced to meet demand . At Axora , we ’ re seeing mining companies assess solutions to improve health and safety on their sites by reducing members of the workforce exposed to risk and in harm ’ s way and keen to discover how they can drive efficiencies to make more tonnes for less . Ultimately , it ’ s part of our job to make it simple in terms of a value calculation .”
Accelerating Transformation “ Axora is here to accelerate digital transformation in the mining industry ,” asserts Steytler . “ We can simplify that process . And with investment in that transformation expected to reach $ 6.8trn between 2020 and 2023 as the world economy digitizes , there ’ s never been a better time to realise the benefits .”
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