7 Pitfalls Driving The Digital Disconnect in Mining
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The digital disconnect in mining, also explained as the gap between the potential from digital transformation and the poor track record of successful implementations, exists because of a range of practical issues that challenge the industry. This SlideShare presentation details some of the common pitfalls that are driving the digital disconnect in mining, per EY’s report.
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Digital Transformation Review Nr. 5
The Second Machine Age is upon us, according to Erik Brynjolfsson and Andrew McAfee of MIT. This era is defined by machines that can perform cognitive tasks previously only done by humans. Two defining digital technologies are big data and machine intelligence/robotics. Brynjolfsson and McAfee believe this machine age will have a greater impact than the first industrial revolution due to exponential improvements in computing and the combinatorial nature of digital innovation. However, most organizations have focused digital transformations on the customer experience while neglecting opportunities in automating operational processes using these technologies.
The Softchoice Innovation Report 2018: Four New Roles For CIOS In The Modern ...
The Softchoice Innovation Report 2018: Four New Roles For CIOS In The Modern ...Softchoice Corporation
In 2017, Softchoice’s Innovation Executive Forum (IEF) traveled across North America, taking the pulse of today’s front-line leaders of digital transformation. From St. John’s to Los Angeles, we visited 14 major cities, and met with over 120 top-level technology executives to discuss their priorities, challenges, and experiences pushing forward change. Online, we hosted quarterly conference calls with members and special guests, and published numerous whitepapers featuring insights from organizations big and small.Digital Transformation Iniciative
The world is being transformed by new technologies, which are redefining customer expectations, enabling businesses to meet these new expectations, and changing
the way people live and work. Digital transformation, as this is commonly called, has immense potential to change consumer lives, create value for business and unlock
broader societal benefits.
The World Economic Forum launched the Digital Transformation Initiative in 2015, in collaboration with Accenture, to serve as the focal point for new opportunities and
themes arising from the latest developments in the digitalization of business and society. It supports the Forum’s broader activity around the theme of the Fourth
Industrial Revolution. Since its inception, the Initiative has analysed the impact of digital transformation across 13 industries and five cross-industry topics, to identify the
key themes that enable the value generated by digitalization to be captured for business and wider society. Drawing on these themes, we have developed a series of
imperatives for business and policy leaders that look to maximize the benefits of digitalization. We have engaged with more than 300 executives (both from leading
global firms and newer technology disruptors), government and policy leaders, and academics.
Every industry has its nuances and contextual differences, but they all share certain inhibitors to change. These include the innovator’s dilemma (the fear of
cannibalizing existing revenue models), low technology adoption rates across organizations, conservative organizational cultures, and regulatory issues. Business and
government leaders should continue to work towards addressing these challenges.
A notable outcome of this work is the development of our distinctive economic framework, which quantifies the impact of digitalization on industry and society. It can be
applied consistently at all levels of business and government to help unlock the estimated $100 trillion of value that digitalization could create over the next decade. We
have already started to leverage this framework for region-specific discussions with some governments.
We are confident that the findings from the Initiative will contribute to improving the state of the world through digital transformation, both for business and wider society.
jim G. Digital_Vortex_06182015
This document discusses an IMD and Cisco initiative called the Global Center for Digital Business Transformation. The Center conducted a survey of over 900 business leaders from 12 industries to assess the state of digital disruption. Key findings include that digital disruption is occurring faster than ever and displacing incumbent companies, but many companies are not adequately addressing this threat. The document advocates that all industries will experience disruption as innovations become exponential, so companies must assess their vulnerability and either disrupt themselves or risk being displaced by new business models.
Top 7 Digital Transformation Trends to Watch Out in 2021
Digital transformation was intended to enable companies to improve their customer service and produce higher ROI. To stay solid, organizations with a physical presence have modified their approach to securing a digital presence. Others have now begun their way of digital transformation, while others are still in the planning stages. Let's watch out for the top digital transformation trends of 2021 and stay positive.
Top software development trends of 2021
The technologies that businesses use today are bound to the new world paradigm and capable of adapting to it. Here are some trending technologies that can easily help companies adjust to a digital business world 2.0 in just a short time.
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In an asset-intensive industry like mining, equipment availability plays an integral role in meeting daily production targets and improving mine profitability. Amidst challenging economic times, mining companies must take all efforts to ensure production continuity, and prevent unplanned downtime due to equipment failure, an event that can have grave implications on the bottom line. Equipment breakdowns also pose a serious threat to the safety of mining personnel. Miners are required to ensure their equipment and worksites are compliant with MSHA regulations, failing which, they are subject to monetary penalties. In this backdrop, an optimized equipment maintenance system in mining is cardinal to ensure safe and profitable operations.
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An essential prerequisite in the move towards a digital mine is the digitization of paper-based forms, still in use for reporting shift data and maintenance activities across mine sites. The move from paper to digital forms in mining can be considered a “low hanging fruit” that can be deployed quickly at a mine site, without a massive investment in resources, and with very little training effort. It also serves as a relatively lower-risk project that you can undertake to assess your team’s readiness to go digital.
Short Interval Control with groundHog
Digital technology has the potential to transform key aspects of mining operations to deliver significant bottom-line value. In this context, the concept of SIC will play a crucial role in achieving operational excellence in the mining industry. It is important for mining companies to invest in a cutting-edge short interval control system that will drive higher process efficiencies and improve overall asset utilization.
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The mining industry is going through a bleak phase. According to a World Economic Forum report – ‘Digital Transformation Initiative Mining and Metals Industry’, sluggish global demand growth, cost volatility, increasing resource nationalism & regulation coupled with workforce skill gap and low productivity has resulted in a steep decline of profit margins. With no signs of changing trends, mining companies are increasingly under pressure to optimize operations & reduce costs.
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How groundHog works with your mine
groundHog is a cutting-edge, yet very affordable fleet management system for mining companies. We’ve designed groundHog to help miners get accurate information from production and help operations control and supervisors plan shifts accordingly.
Using groundHog, miners are able to:
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2. Track and maintain performance in real-time
3. Anticipate and equip teams to prevent or deal with failures faster
4. Achieve better actuals versus plans
5. Develop targeted strategies
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Mining is a complex business that involves management of a large fleet of vehicles under environmental, legal and safety considerations. It is important for mining companies to have visibility into the use of every vehicle and the performance of every driver in order to streamline operations, improve safety standards and drive higher process efficiencies. A fleet management system for underground mining optimizes operations by controlling production, tracking and scheduling workforce, and presenting intelligent reports that improve fleet productivity. The ability to accurately monitor your fleet location, usage and behavior, can make a significant difference to the bottom line.
Top 5 Benefits of Digitalization in Mining
Digitalization in mining provides five main benefits: 1) It helps keep mines safe by monitoring equipment in real-time to predict and prevent accidents, 2) It helps optimize scheduling and material flow through fleet management systems, 3) It allows mining performance to be tracked in real-time using data from machines and operations, 4) It helps anticipate failures by identifying potential dangers or issues from sensor data, and 5) It helps reduce the environmental impact of mining through greater operational efficiency and reduced energy/water consumption.
Business Apps for Employees
The document discusses how mobile apps can empower employees and benefit businesses. It outlines four types of apps that businesses can develop: 1) Marketing and branding apps to generate awareness and engage customers, 2) Productivity apps to increase employee efficiency, 3) Business workflow apps to improve or create new processes, and 4) Revenue-generating and cost-cutting apps to facilitate new revenue streams or reduce costs. The document advises businesses to start with a short-term, focused mobile strategy and build apps that solve customer problems or impact how they work with customers.
Why Your Business Needs a Mobile Strategy Now
Did you know that 82% of smartphone users turn to their phones to help them make a decision?
Businesses who are able to provide answers to users at the right time are growing and creating new opportunities.
Does your business have a mobile strategy to make this happen? Are you tapping into the possibility of interacting with 2 billion mobile users across the world?
Here is a comprehensive guide on getting started building your own mobile strategy. Get started now.
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Smart Parking Concept - An Internet of Things Solution
Universal access to computational power and bandwidth has allowed people and governments to accept and adopt new technologies that make life easier for everybody. A surge in the availability of low cost connected devices has paved the way for powerful technological advances towards the goal of building smart cities. This eBook presents the concept of smart parking that empowers communities to harness connectivity to manage traffic and optimize parking space that scales alongside demand.
Company: rapidBizApps
Website: www.rapidbizapps.com
Design concept for Miller Electric
RapidBizApps is a digital transformation company that helps businesses adopt new technologies to improve operations. Satish Penmetsa is the CEO and can be contacted at +1.408.608.9871 or spenmetsa@rapidBizApps.com to discuss how the company's services can help optimize processes and deliver better customer experiences through digital solutions.
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Virtual Reality Concept for Atlas Copco
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- 2. 7PitfallsDrivingThe DigitalDisconnectinMining EY’s globalreport‘The digitaldisconnect:problem or pathway?’pointsoutthatdigitaladvancesinminingareoutof syncwiththescaleofopportunityformanycompanies.The gapbetweenthepotentialfrom digitaltransformationand thepoortrackrecordofsuccessfulimplementations,exists becauseofarangeofpracticalissuesthatchallengethe industrindustry.
- 7. Thelackofdetailoranill-definedbusinesscaseleadsto skepticism among leadership in commencing digital initiatives. Poorlydefinedbusinessmodeland businesscase