South32 has signed a three-year strategic partnership agreement with GE to assist in developing the company’s digital transformation.
This is GE’s first partnership with an Australian mining company in the digital space, enabling the company to play a bigger role in the global mining sector.
South32’s mining portfolio spans 10 operations across five countries and the company sees the opportunity to implement innovative solutions to enhance safety and productivity.
Under the partnership, South32 will use GE’s Predix platform, designed specifically for industry, which connects industrial equipment, data analysis and instant insights. The system will enable South 32 to make fast, informed decisions, and provides the opportunity to optimise entire operations, rather than individualised assets and equipment.
“Bringing the world of operational technology and information technology together to monitor equipment and systems remotely and predict future behaviour is a game changer,” South32 CEO Graham Kerr said.
“It has the potential to identify and solve a problem before it affects operations.”
South32’s chief technology officer Ricus Grimbeek said the partnership will allow the company to transform the way it works, delivering better efficiency and performance.
For GE, bringing digital transformation to the mining industry is an exciting prospect.
“The future of mining is digital,” GE CEO and chairman, Jeff Immelt said.
“With data and analytics, we can achieve greater levels of productivity, operational efficiencies, and improve safety,”.
GE Australia CEO Geoff Culbert said the partnership opens up the potential for a whole new market.
“Successfully transforming the mining sector for the digital age poses an enormous opportunity for Australia.
“This is innovation at industrial scale in an area where Australia can lead the world and I applaud South32 on their vision.”