Data collection and use optimizes the mining industry
Data collection, storage and sharing were hot topics at the recent Hatch Intelligent Mining Conference held in Johannesburg this year. According to Jeanne Els, Regional Director of Digital Mining Australasia, only a small amount of data generated by the mining industry is currently being collected and used for prediction and optimization. Only 1% to 5%, to be precise.
Advancements in the Internet of things (IoT) – the inter-networking of physical devices embedded with electronics or sensors that enable them to share information – have spurred innovation in the area of data collection throughout the mining industry. Being able to develop models that can simulate processes and systems using real-time data collection allows for accurate predictions of outcomes and optimization. Decreased variability combined with real-time decision making improves health and safety outcomes, productivity and efficiency.
Smart technologies are being introduced into the market, automating data collection and calculation. These consumer and industrial technologies– such as the new “smart” density meters– are streamlining the mining processes, leading to improvements in the industry itself.
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