LONDON--(BUSINESS WIRE)--Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest list blog on the top five digital trends shaping the future of the mining industry.
For companies operating in the mining industry, the past decade has been a roller-coaster ride. Commodity prices have seen both historic highs and lows, and operational realities have shifted permanently in the face of the digital revolution. This year too, the mining industry is anticipated to observe an array of changes. In the metals and mining industry, digitalization will be a power that changes the nature of companies and their interface with employees, communities, government and the environment at every step of the value chain. The mining industry players that encourage digital trends, can expect a more nimble and lucrative business, with better decision-making and increased employee empowerment. In one of our latest blogs, Infiniti has listed the top five digital trends shaping the future of the mining industry.
“Digitalization can improve safety, health, and environmental impact when designed and implemented in the right manner,” says an industry expert from Infiniti.
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Top digital trends shaping the future of the mining industry:
- Artificial intelligence: This trend is expected to be the next big step in the mining industry’s digital transformation and is one of the most popular trends in the mining industry. Artificial intelligence is mostly concerned with smart computers that can undertake procedures and react like human beings. It can help mining companies attain greater metallurgical accuracy by finding promising drilling targets. Predictive modeling of ore-bodies and blast hole drill data can lead to more exact drilling targets, optimal blast, drill patterns, and enhanced ore fragmentation.
- AR and VR: Augmented reality (AR) and virtual reality (VR) technologies are quickly becoming digital trends that are crucial tools for mine training, planning, and safety in the mining industry. AR overlaps interactive 3D visual images atop the physical world, while VR substitutes the real world with a replicated one. VR has the skill to create reliable scenarios by submerging users in realistic mining conditions to support training in operations, health, and safety. This technology can prove helpful in slowing down blast sequences to a portion of its real-time speed, letting engineers advance both blast and drill rates by simulating different patterns. To know more about this engagement, speak to an expert
- Predictive analytics and data integration: Organizations in the mining industry use the data available to them with the help of digital trends like predictive analytics. Data on the state and performance of equipment can be linked remotely with analytics, thus, predicting failures before they occur. Digital trends and continued innovations and advances in GPS, mobile broadband, sensor technology, and data storage through cloud computing will help quickly improve the productivity of the connected mine.
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Infiniti Research is a global market intelligence company offering strategic insights to help look beyond market disruptions, study competitive activity, and develop intelligent business strategies. Listed below are the top five digital trends shaping the future of the mining industry.
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Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
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