This year, 2018, has been the year that digital transformation (DX) became mainstream in the mining sector. The challenge now for technology leadership across IT and operations within mining companies is delivering a return on the initial investments and then being able to make the case for the ongoing change that will be required across technologies, people, and processes to continue to reap the value that these expanded capabilities offer to leverage data further. The opportunity is to move beyond optimising the current operating model and operational siloes and focus on an integrated value chain within an open ecosystem.
At a closed-door industry event I attended recently, even as an analyst working in the mining sector, I was taken aback by the pace of change the industry is experiencing right now. One of the striking things about the conversations that took place was how digital – particularly enabling platforms, digital twins, and integration – has become embedded in the transformation companies are on, and the role that digital led innovation is playing. The sector has a long way to go, but acceleration is really happening. The mining industry is on the move.