Pinnacle highlights critical asset management data in its ‘ Global Economics of Reliability ’ report
DIGITAL MINING
Reliability Analysis Drives
Mining Asset Management
Pinnacle highlights critical asset management data in its ‘ Global Economics of Reliability ’ report
WRITTEN BY : TANMAY PATANGE
The Covid-19 pandemic has affected all industries . The mining industry , too , is recovering from the impact of the pandemic . Market volatility , reduction in commodity prices , easy availability , etc ., are some trends defining the new normal in the mining and metals industry . Hence , companies invest in cutting-edge technologies to introduce automation , reduce costs , and improve operational efficiency .
Nonetheless , additional complexities are mounting up , such as public scrutiny , shareholder involvement , government regulations , environmental risks , etc . According to industry experts , in the coming years , more demand for minerals is anticipated . However , along with the trends mentioned above , other industry patterns will determine which mining companies can survive in the future .
With the development of technological innovations , an economy must be strong . For this , mining , metal , and fertiliser industries should have high levels of reliability . It is well-pointed in a recent report - Global Economics of Reliability Report by Pinnacle , the largest reliability analytics company in the world .
38 September 2021