TY - GEN
T1 - Disruptive Innovation in Digital Mining-The Future of Mining
AU - Manyuchi, M. M.
AU - Sukdeo, N.
N1 - Publisher Copyright:
© IEOM Society International.
PY - 2021
Y1 - 2021
N2 - Most mining houses are shifting their strategies and implementing new business and operating simulations to include new technologies and are doing so on a more rapid and global basis than ever before. A combination of market volatility, changing global demand, radically different input economics, new locations in search of more reserves, a focus on a longer asset lifecycle and a commitment to operational excellence as well as policy shifts around the globe are all contributing to a total shift in the industry. Periods of cost reduction and the aging workforce have left mining companies with limited resources to adjust. Now, a rapidly evolving set of new technologies, the digital transformation, open new possibilities to improve operating efficiency, develop more accurate and agile planning, heighten salesperson awareness and collaborate with business partners throughout the mining value chain. The mining business is at the heart of this digital transformation, and can drive considerable distinction and competitive advantage within the sector.
AB - Most mining houses are shifting their strategies and implementing new business and operating simulations to include new technologies and are doing so on a more rapid and global basis than ever before. A combination of market volatility, changing global demand, radically different input economics, new locations in search of more reserves, a focus on a longer asset lifecycle and a commitment to operational excellence as well as policy shifts around the globe are all contributing to a total shift in the industry. Periods of cost reduction and the aging workforce have left mining companies with limited resources to adjust. Now, a rapidly evolving set of new technologies, the digital transformation, open new possibilities to improve operating efficiency, develop more accurate and agile planning, heighten salesperson awareness and collaborate with business partners throughout the mining value chain. The mining business is at the heart of this digital transformation, and can drive considerable distinction and competitive advantage within the sector.
KW - Digital mining
KW - Disruptive innovation
KW - The future of mining
UR - http://www.scopus.com/inward/record.url?scp=85125940682&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85125940682
SN - 9781792361289
T3 - Proceedings of the International Conference on Industrial Engineering and Operations Management
SP - 61
BT - Proceedings - 2021 IEOM India Conference
A2 - Babu, Shekar
A2 - Shetty, Devdas
A2 - Vasu, V.
A2 - Sharma, R.R.K.
A2 - Ali, Ahad
PB - IEOM Society
T2 - 1st Indian International Conference on Industrial Engineering and Operations Management, IEOM 2021
Y2 - 16 August 2021 through 18 August 2021
ER -
