Economy

‘Tech adoption will help cut costs in mining’

Anil Urs Bengaluru | Updated on January 10, 2018 Published on September 15, 2017


Use of digital tools to capture data on mineral resources can significantly benefit the mining industry as technology enabled solutions becomes a necessity for survival and growth.

Speaking at the Federation of Indian Mineral Industries (FIMI) Mining Mazma 2017 summit, Anjani Agarwal, Partner and National Leader – Metals and Mining, Ernest & Young, said, “The mining sector should adopt technologies such as IOT, robotics, big data and advanced analytics, mobility, remote centre, AI, wearable technology, social media etc. They will have significant benefits for the industry.”

“The Indian mining industry is at the cusp of a transformational change, and digital is at the forefront driving this change. The average miner’s focus has shifted from targeting volume growth to achieving cost reduction and productivity growth,” he added.

By going digital, the productivity challenge can be addressed by the miners and by going beyond heavy equipment, and investing in cutting-edge technology solution.

Report released

EY-FIMI on Thursday released a report titled ‘Tomorrow’s mine: How digital can shape the future?’ which highlights the future of mining industry.

The report lists out the potential benefits of digital to help exploit the number one operational opportunity in mining: productivity.

The report explores the common pitfalls and how digital can be a solution to the challenges faced by the Indian mining industry.

Agarwal said use of digital in mining has slowly evolved with technologies.

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Published on September 15, 2017
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