Operational efficiencies through IoT, digital twins and AI

To reduce costs structurally, mining companies need to look at technologies which can shift the dial in terms of operational cost reduction, process optimisation and predictive maintenance.

Internet of things (IoT), digital twins and artificial intelligence (AI) technologies have proven success in the Australian mining sector and are being increasingly adopted, with close to half the industrial organisations in Australia taking on some form.

Mining companies that are not currently deploying these technologies need to consider these technologies seriously, otherwise they risk becoming another high profile casualty of fluctuating ore prices or changing sourcing strategies.

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